Research / Rent vs. buy / Ohio / Columbus

Rent or buy in Columbus?
Renting is $401 a month cheaper.

Renting the typical home in Columbus costs $401 less a month than owning it. Counting equity, price growth and what a renter could earn by investing the difference, buying comes out ahead in year 8.

Updated November 12, 2026 · Zillow data for September 2026 · 7.11% mortgage rate (Freddie Mac, November 12, 2026) · Rank 46 of 339 (1 = owning closest to renting) · Part of our 2026 rent vs. buy study

Monthly cost to own$1,872typical home, 20% down
Typical monthly rent$1,471Zillow, September 2026
Buying breaks evenYear 83.5% price growth
Cash needed to buy$55,918$243,122 home · 20% down + 3% closing
Income needed to own$74,866vs. $58,840 to rent · 30% rule

Where the monthly money goes.

The first-month cost of owning the typical Columbus home, split into its parts, against the typical rent. About $156 of the first mortgage payment is principal, which you keep as equity.

The median household income in Columbus is $66,082 (Census ACS 2020–2024). Owning the typical home would take 34% of it; renting would take 27%.

As a check with a larger rental, HUD's FY2027 Fair Market Rent for a three-bedroom home in the Columbus, OH HUD Metro FMR Area area is $1,909 a month, $37 above the cost of owning.

  • Mortgage principal & interest $1,308
  • Property tax $268
  • Home insurance $93
  • Maintenance $203

How long you would need to stay.

Net worth of a buyer compared with a renter who invests the down payment, closing costs and any monthly savings at 6% a year. Home values and rents grow 3.5% a year; selling costs 6%.

Change the assumptions

Buying vs. renting in Columbus, by years in the home
StayResult
3 yearsRenting ahead by $16,289
5 yearsRenting ahead by $10,789
7 yearsRenting ahead by $3,577
10 yearsBuying ahead by $11,116
15 yearsBuying ahead by $49,050
20 yearsBuying ahead by $110,382
30 yearsBuying ahead by $348,882

Rent or buy elsewhere in Ohio.

Other large Ohio cities in the study.

All cities
ClevelandOwning $380/mo cheaperCincinnatiRenting $469/mo cheaperToledoOwning $62/mo cheaperAkronOwning $35/mo cheaperDaytonOwning $100/mo cheaper

More on Columbus

See the full Columbus rental market profile with Census medians, or check how a typical rental performs for an investor in our cash-flow ranking.

How we calculated this

Price is the Zillow Home Value Index and rent the Zillow Observed Rent Index for Columbus. The cost of owning includes principal and interest at 7.11% with 20% down, property tax at the city's 1.32% effective rate (Census ACS), the Ohio average homeowners premium (NAIC 2023) and 1% yearly maintenance. It leaves out income-tax effects, HOA dues and utilities. The typical rental may be smaller than the typical home for sale. Full methodology. This is a citywide estimate, not advice about a specific home.