Central Ohio Market Report
October 18, 2023
While markets across the country are trending towards a slower economy, the Central Ohio real estate market shows no signs of slowing down. And with the recent headlines and slurry of businesses announcing moves into the Buckeye State, this trend is expected to continue for several more years.
Anyone looking for a home in Central Ohio knows it’s an incredibly competitive market. The minute a home is listed, it has several offers. The process can be stressful and exhausting. Many homebuyers are turning to new construction, and Trinity Homes is pleased to be able to help our clients build their dream homes in a dream community.
Commercial businesses driving real estate trends
Intel’s announcement of its $20 billion commitment to build two semiconductor plants on 1,000 acres in Central Ohio in 2022 made it the largest private-sector investment in Ohio’s history. This set off a ripple effect and the start of a new surge of interest in the region.
Since the announcement, there have been several additional large investments in the region that include:
- Honda selected Marysville for a $3.5 billion plant that will make batteries for electric vehicles. The automaker also plans to spend $700 million to retool three of its Ohio plants to make electric vehicles and provide components for them.
- Invenergy, a prominent solar panel company from Chicago, unveiled plans for a $600 million investment, poised to establish the nation's largest solar panel production facility.
- Amazon, one of the world's tech giants, committed to an estimated $7.8 billion investment to the region over the next six years, earmarked for the development of cutting-edge data center operations. This commitment ranks as the second-largest private sector investment ever recorded in the state.
- Microsoft bought a $57 million parcel in Licking County, although it has yet to announce its plans for the site.
- Google committed to building two more data centers in central Ohio in addition to its existing data center in New Albany. These bring Google’s investment in Ohio to more than $2 billion, turning the state into one of the tech company’s fastest-growing data center hubs.
The confluence of these transformative investments is reshaping Central Ohio's economic landscape, promising boundless opportunities, innovation, and growth for the region – which means a need for more homes as families move to the area in search of jobs.
More jobs mean more homes
Central Ohio was the fastest-growing metro in the Midwest from 2010 to 2020, and trends indicate we will keep growing through 2050. The combination of all the announced projects in the region has a trickle-down effect that impacts housing. According to a report commissioned by the Building Industry Association (BIA) of Central Ohio, housing permits must increase approximately two-fold to meet the projected need for more than 100,000 new housing units in the next decade. This will keep pace to ensure a variety of attainable housing options are available to accommodate new residents and meet the demand for more walkable neighborhoods.
Trinity Homes builds homes that span Central Ohio, from Grove City to Olentangy and everywhere in between. Building with Trinity is the key to creating the perfect space designed for you and your unique style. As Vice President Justin Shear noted in his 2023 outlook, “We are focused on our individual customers' needs. Our niche is offering what our competitors don’t, and there will always be a market for a company willing to go the extra mile when others are not.”
Are you ready to get started? Contact our sales team today and start building your perfect home.
For more reasons to love living in Columbus, Ohio, read our blog!
Buying a home in Central Ohio is a major financial decision and long-term commitment, but it also offers significant financial advantages. Whether you're selecting one of our flexible floor plans or choosing a move-in ready home , homeownership provides value that grows over time. Predictable Monthly Payments One of the most valuable financial benefits of homeownership is stability. With a 30-year fixed-rate mortgage, your monthly housing payment remains consistent, helping you avoid unpredictable rent increases. This reliability makes it easier to plan ahead and stay on track financially. Build Equity and Grow Wealth Instead of paying rent without return, your monthly mortgage payments contribute to something you own. With every payment, you increase your ownership stake in the property and build equity. Over time, this equity can fund a renovation, support another investment, or contribute to long-term financial stability. Plan Ahead with Flexible Floor Plans Choosing a semi-custom home means designing your space to meet current and future needs. Trinity Homes offers open-concept layouts, adaptable bonus spaces, and smart square footage that grows with your lifestyle. Planning ahead can help reduce the need for costly renovations or future moves. Explore our flexible floor plans Long-Term Value and Home Appreciation A home is one of your most important financial assets. Properties often appreciate in value, particularly in well-planned communities with quality schools and amenities. By staying in your home long-term, you increase your chances of benefiting from home appreciation and growing your net worth. Save with Move-In Ready Options If you're looking to move quickly, a move-in ready home can be a financially smart choice. Trinity Homes often offers reduced pricing, included upgrades, or assistance with closing costs on inventory homes. Enjoy a brand-new space with modern features and minimal repair expenses. Browse move-in ready homes Frequently Asked Questions Q: What are the financial advantages of buying a home over renting? A: Homeownership lets you build equity, benefit from property appreciation, and enjoy stable monthly payments, unlike renting where payments offer no long-term return. Q: Are semi-custom homes more expensive? A: Semi-custom homes can offer more long-term value by reducing renovation costs and better meeting your family’s evolving needs. Q: How quickly can I move into a Trinity Homes property? A: Our move-in ready homes are available for quick occupancy, often with added savings or included upgrades. If you're considering buying a home, Trinity Homes offers options designed to support both your lifestyle and your long-term financial goals. Whether you choose the flexibility of a semi-custom build or the convenience of a quick move-in home , you’ll enjoy lasting value, thoughtful design, and a team committed to making your journey feel easy from day one. Ready to invest in your future? Contact us today to explore semi-custom and move-in ready homes in Central Ohio.
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Spring often sneaks up on us, bringing warmer temperatures and a perfect opportunity to step outside, enjoy fresh air, and—most importantly—give your home’s exterior some much-needed attention. Whether you're in your first home or your tenth, staying ahead of spring maintenance is crucial for protecting your investment, preserving curb appeal, and ensuring long-term comfort. To help you get started, we’ve compiled a must-do checklist to keep your home in top shape this season. Inspect for Winter Damage While Columbus may not experience the same extreme snowstorms as other parts of the Midwest, winter weather can still take a toll on your home. Start by checking these key areas: Roof - Look for loose or missing shingles, fallen tree branches, and worn flashing around the chimney. Addressing these early can prevent leaks and costly repairs. Driveways & Walkways - The freeze-thaw cycle can cause cracks in concrete and asphalt. Resealing these areas prevents further deterioration and enhances curb appeal. Check for Drainage & Landscaping Issues A well-maintained yard isn’t just about looks—it also plays a role in foundation protection and water drainage. Low Spots in the Yard - After spring showers, watch for standing water, which can kill grass and attract pests. Fill uneven areas with quality soil to promote proper drainage. Soil Grading - Ensure the slope of your yard directs water away from your foundation to prevent basement leaks and moisture damage. Clean Gutters and Spouts Clogged gutters can lead to roof damage, foundation issues, and basement leaks. Take these steps: Remove leaves, twigs, and debris that accumulated over winter. Check downspouts for blockages and ensure water flows away from your home. Consider installing gutter guards for long-term protection. Refresh Your Home’s Exterior Your home’s siding, paint, and exterior finishes endure a lot during the winter. Inspect for Damage - Walk around your home and look for cracks, peeling paint, or mildew. Clean the Siding - Use warm, soapy water or a power washer (if your siding allows) to remove dirt and grime. Service Your Air Conditioning Your AC has been in hibernation mode, and the last thing you want is to find out it’s not working on the first toasty day of the season. Clear away debris from the condenser unit. Replace air filters for better efficiency. Schedule professional maintenance if needed. At Trinity Homes , we believe that a well-built home should stand the test of time. Taking care of seasonal maintenance is one of the simplest ways to extend the life of your home, protect your investment, and enhance everyday comfort. Once these essential tasks are complete, you can focus on the best parts of spring—gardening, grilling, and soaking up the sunshine! Looking for a home built to last? Explore our semi-custom homes in Columbus, Ohio, and discover the difference quality craftsmanship makes.
At Trinity Homes , we’re proud to specialize in what our competitors do not: customization . From siding to flooring to fixtures and beyond, we offer an extensive selection of options, empowering our clients to build a home that truly reflects their unique style and personality. We recently had the opportunity to talk with our Interior Designer, Amber Malloy , to discuss her role at Trinity Homes and what makes our new Design Center so special. With over a decade on the Trinity Homes team, Amber oversees the Design Center and plays a key role in selecting the vendors and suppliers, ensuring homeowners have access to stylish and quality products. “I’m very proud of the selection options we have available at Trinity Homes. If a client is looking for a particular tile or fixture, I will most likely have it. And if I don’t have it readily available, I’ll find it! I have a large resource bank and am always happy to put it to good use.” Amber’s primary role in the Design Center is helping our clients navigate the many choices available to them, offering expert guidance on selections that feel chic and timeless while enhancing resale value. Whether it’s attending industry events showcasing new product releases, or through her research, experience and general knowledge, she dedicates significant time to staying ahead of the latest trends in home design, ensuring she can provide homeowners with recommendations they’ll love for years to come. “While some clients do have a very specific vision for their home and require little assistance making their selections, the majority come in looking for inspiration and guidance to bring their home to life.” One of the most common challenges she sees is clients struggling to choose options that complement each other, ensuring things feel balanced and cohesive throughout their home. “ When choosing textures, paint colors, finishes, flooring, and so on, it’s easy to focus on the individual elements versus the big picture. It is my job to present the options in such a way that the client is easily able to envision how everything will coordinate, ensuring they make choices they not only love but that are cohesive and flow well with the aesthetic of the home. I want our customers to feel comfortable and confident in the choices they’ve made.” And despite carrying an extensive array of customization options, there’s also always going to be clients who prefer to use selections outside of what we offer. We’re always happy to accommodate these custom requests, ensuring every home reflects the unique style and preferences of its owner. Beyond her work in the Design Center, Amber also plays a key role in curating our model homes. “A major part of my job is bringing our available options to life in our Model homes. From tile, flooring, light fixtures and paint colors to furnishings and window treatments, each Model home is a blank slate in which I have the opportunity to really create the vision from scratch and then watch it blossom into a finished product. It’s such a fun, fulfilling job and I couldn’t imagine doing anything else.” If you’re ready to make a move, Trinity Homes can help you bring your dream space to life with customization options that reflect your family’s lifestyle and personality. Contact us today to get started!
