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Article:
Ohio Real Estate – Large Cities and Little Farms
by Raynor James
Ohio is a unique state where large cities like Cleveland and Cincinnati
sit next to rural farms. Ohio real estate prices mirror this diversity.
Ohio was a mainstay in the industrial revolution
in the United States. Cities such as Cleveland and Cincinnati spawned
industrial might to such a degree that Cleveland is still the home
of the most millionaires per person in the United States. Bet you
didn’t know that! As the industrial revolution faded, the
state has evolved and now has a strong high tech industry, particularly
in Columbus. Notwithstanding all of this, Ohio has maintained a
strong rural farming influence, which can be seen just be driving
out of the cities. Throw in a bevy of lakes, and you have a surprisingly
wonderful place to live.
Columbus
Columbus is the state capital of Ohio and home to
the massive Ohio State University. Sitting on the bank of the Scioto
River, the city is centrally located and reflects the farmland surrounding
it with a relaxed atmosphere. Named after Christopher Columbus,
the city is designed well with large green areas, a thoughtful layout
and statutes galore. With a huge university, the city has a definite
college town feel with accompanying coffee shops, art galleries
and a festive nightlife. If college football is your passion, this
is the place to be in the fall.
Cleveland
Cleveland is a city going through a major renaissance.
Once branded with a rather nasty reputation, the city is now a gem
in Ohio. Major money has been put into redevelopment and the city
is now a hot spot for nightlife and cultural activities such as
the rock n’ roll Hall of Fame. Once known as the “mistake
on the lake”, Cleveland is now the gem of cities on Lake Erie.
If you’re looking for a ground floor opportunity, Cleveland
may just be the city for you.
Cincinnati
Sitting on the Ohio River, Cincinnati is a sit with
a mix of influences. You’ll find a definite European influence
mixed with a southern feel and energized economy. This odd mix gives
rise to an eccentric streak in a city which elected Jerry Springer
as the Mayor. Yes, the Jerry Springer on television. Still, the
city is a typical hard working town in Ohio with a surprising number
of attractions such as the redeveloped river front area. The city
also has a strong tradition of professional sports with the baseball
Reds and the revitalized football Bengals.
Ohio Real Estate
Ohio real estate prices are very reasonable regardless
of where you go. A single family home in Columbus, Cleveland or
Cincinnati will set you back between $220,000 and $250,000. Head
out of these cities and you can expect to pay much less.
Despite all the positive aspects of Ohio, appreciation
rates are not the best. For 2005, appreciation rates were a little
less than five percent.
Raynor
James is with FSBOAmerica.org
- a FSBO homes for sale by owner site. Visit our "Sell
My Home" page to list your FSBO Home or visit our home
buying page to see homes for sale.
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