By Natalie Wise
Ohio was hit hard by the recession but signs point to a strong recovery in process. With the unemployment rate dropping rapidly and industry growing – and home affordability in sight for most residents – purchasing a home in some Ohio Cities are a better investment than others.
NerdWallet looked at growth, home inventory and affordability to rank these cities as the best in the state for home ownership. Most of the cities are near Columbus, Cincinnati and Cleveland, with the No. 1 city, Pickerington, located just outside of Columbus.
Pickerington has seen rapid population growth in recent years. It is located in an area that has seen an increase in jobs recently, too, which is good news for students at the dozens of colleges in the area.
The No. 2 city, Dent, saw the highest level of population growth on the list. Coupled with its below-average unemployment rate of only 3 percent, the city is a top pick.
Powell, outside of Columbus, ranks as the No. 3 city. The high percentage of home ownership is a positive sign, particularly when coupled with the high median home value.
North Ridgeville snags the No. 4 spot, followed by its neighbor, Avon, at the No. 5 spot. North Ridgeville features a high rate of home ownership while Avon maintains a high home value.
Macedonia, about 30 minutes outside of Kent, is an ideal city for commuters to either Akron or Cleveland given its central location.
In Bridgetown, the No. 7 city, home ownership is more affordable than most other cities on the list.
Hilliard has one of the highest household incomes of cities on the list, making home ownership a real possibility in the No. 8 city.
Southwestern Ohio’s economy is growing and Trenton has the second-lowest cost of home ownership on the list. The city’s prime location between Dayton and Cincinnati makes it even more desirable.
Last but not least is Mack, with one of the lowest unemployment rates on the list and the highest home ownership rate of all the cities.