Housing Forecast
Housing Forecast
|
2.51 |
Average people per household |
|
$109,000 |
Columbus HUD Area median income (2025) |
|
$155,523 |
Upper Arlington median income (2025 est.) |
|
14,665 |
Households (2025 est.) |
|
15,122 |
Housing units |
|
83% |
Single-family detached structures |
|
$597,535 |
Median home price (March 2025) |
|
40.6 |
Median age |
Time series model inputs for affordability with current figures:
6.67% interest rate (FRED);
0.35% Property insurance rate;
1.00% Mortgage insurance rate;
2.68% property tax rate;
30 years loan term;
11.6% Down payment regional average;
30% Household income for ownership costs;
$589,082 Estimated median home value for the municipality;
$159,371 ACS 5-year median household income.
This analysis further breaks down the overall rate of household growth by household income. In this case, household incomes are grouped by their percent of HUD’s Area Median Income, which is $103,300 (Columbus, OH HUD Metro FMR Area 2025).
| Household income % of area median | <50% | 50-80% | 80-120% | 120-150% | 150-190% | >190% |
|---|
Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.
The following calculation translates household growth to a target for housing supply and related housing production. This calculation takes into account several adjustments intended to relieve underlying market pressures such as pent up demand.
