Airbnb City Guide: The Best Places To Invest in Columbus, Ohio

Airbnb Rules and Regulations in Columbus, Ohio

Columbus enforces strict regulations for short-term rentals on platforms like Airbnb to maintain neighborhood character and preserve the housing supply. Hosts must obtain a valid permit for each property listed, provide emergency contact information, and disclose any potential risks within the dwelling. Adherence to the city's short-term rental excise taxes is mandatory.

Surveillance devices must be declared, and guests have the right to request the deactivation of indoor surveillance. The city has also introduced limits on the number of short-term rentals allowed in a given area and increased licensing fees for non-owner-occupied properties. Failure to comply with these regulations may result in penalties. Despite the stringent rules, hosts continue to operate in Columbus, working within the legal framework to provide quality accommodations for guests.

Columbus Airbnb Market Data:

• Average Revenue – $28.7K per year
• Average Daily Rate – $186.6 per night
• Average Occupancy Rate – 50%
• Average RevPAR – $93.5
• Average Home Prices – $238,286

1. Top Place to Invest in Columbus, Ohio - German Village

German Village, a historic neighborhood in Columbus, boasts charming brick streets, meticulously preserved architecture, and a vibrant community spirit, making it an attractive investment opportunity.

German Village Airbnb Market Data:

• Average Revenue – $29.1K per year
• Average Daily Rate – $191 per night
• Average Occupancy Rate – 64%
• Average RevPAR – $94

Convenience (Score: 8/10)

The area offers a well-rounded mix of amenities within walking distance, including grocery stores, pharmacies, and local eateries, ensuring a comfortable living experience for residents and visitors alike. Public transportation options provide easy access to downtown and surrounding areas.

Tourist Attractions (Score: 9/10)

German Village is a tourist hotspot, renowned for its annual Haus und Garten Tour, showcasing beautifully restored homes and gardens. The neighborhood's rich history, architectural gems, and cultural events like the Oktoberfest celebration draw visitors from near and far.

Things to Do (Score: 8/10)

From exploring the quaint shops and galleries to enjoying outdoor activities at Schiller Park, German Village offers diverse recreational options. Residents can indulge in the local culinary scene, attend performances at the Actors' Theater, or simply stroll through the picturesque streets.

Average Home Prices (Score: 7/10)

According to Zillow, the average home value in German Village for 2024 is $506,885, reflecting a 1.1% decrease from the previous year. This slight dip presents potential investment opportunities for those seeking to capitalize on the area's enduring appeal and long-term growth prospects.

Proximity to Work-Related Travel (Score: 9/10)

German Village's central location offers convenient access to major employment hubs, hospitals, convention centers, and sports venues. Its proximity to downtown Columbus and major transportation routes makes it ideal for those seeking a balance between urban amenities and a charming residential setting.

X-Factor (Score: 10/10)

German Village's unique blend of history, architecture, and community spirit sets it apart. The neighborhood's commitment to preservation and revitalization has created a unique atmosphere that attracts visitors and residents alike. The area's distinct character, prime location, and investment potential make it a highly desirable destination to start a new Airbnb business.

2. Top Place to Invest in Columbus, Ohio - Downtown Columbus

Downtown Columbus, the vibrant heart of Ohio's capital city, offers a compelling blend of urban amenities, cultural attractions, and investment potential. With its thriving business district, diverse entertainment options, and growing residential population, Downtown Columbus presents an attractive opportunity for investors seeking to launch a short-term rental business and capitalize on the area's dynamic energy and increasing popularity.

Downtown Columbus Airbnb Market Data:

• Average Revenue – $28.6K per year
• Average Daily Rate – $181.4 per night
• Average Occupancy Rate – 51%
• Average RevPAR – $93.1

Convenience (Score: 9/10)

Situated at the core of the city, Downtown Columbus boasts unparalleled accessibility. The area's walkable streets and well-connected public transportation system make it easy for residents and visitors to navigate the neighborhood and access essential amenities. From grocery stores and pharmacies to trendy cafes and fine dining establishments, Downtown Columbus offers a convenient lifestyle that appeals to both short-term guests and long-term residents.

Tourist Attractions (Score: 8/10)

Downtown Columbus is home to a wide array of tourist attractions that draw visitors from near and far. The stunning Columbus Museum of Art showcases an impressive collection of contemporary and classical works, while the Scioto Mile Riverfront Park provides a picturesque setting for outdoor recreation and cultural events. The historic Ohio Theatre's grand architecture and diverse performances add to the area's allure.

Things to Do (Score: 9/10)

From exploring the vibrant arts scene to indulging in the city's culinary delights, Downtown Columbus offers an abundance of activities for all interests. Visitors can catch a live concert at the Columbus Commons, attend a sporting event at Nationwide Arena, or shop at the unique boutiques and galleries scattered throughout the neighborhood. The area's bustling nightlife scene, with its lively bars and music venues, ensures there's never a dull moment.

Average Home Prices (Score: 7/10)

According to Zillow, the median home sold price in Downtown Columbus was $350,000 in February 2024, representing a 6.1% increase from the previous year. While the appreciation rate is promising for investors, the relatively high median price may present a barrier to entry for some. However, the area's strong rental demand and potential for long-term value growth make it an attractive option for those willing to invest.

Proximity to Work-Related Travel (Score: 10/10)

Downtown Columbus is the epicenter of the city's business district, making it an ideal location for professionals seeking convenient access to their workplaces. The area is home to numerous corporate headquarters, government offices, and major employers, ensuring a steady flow of business travelers. Additionally, the proximity to hospitals, convention centers, and sports venues further enhances the area's appeal for work-related stays.

X-Factor (Score: 9/10)

What sets Downtown Columbus apart is its unique blend of history and modernity. The neighborhood seamlessly combines beautifully preserved architectural gems with sleek, contemporary developments, creating a captivating atmosphere that enchants visitors. The area's strong sense of community, evident in its lively festivals and events, adds to its charm and fosters a welcoming environment for guests.

3. Top Place to Invest in Columbus, Ohio - Eastmoor

Eastmoor, a charming neighborhood in Columbus, Ohio, offers a unique blend of suburban tranquility and urban convenience, making it an attractive investment opportunity for Airbnb and short-term rental investors seeking a diverse and family-friendly environment.

Eastmoor Airbnb Market Data:

• Average Revenue – $16.7K per year
• Average Daily Rate – $93.2 per night
• Average Occupancy Rate – 60%
• Average RevPAR – $57

Convenience (Score: 8/10)

Eastmoor boasts a prime location with easy access to major thoroughfares, ensuring seamless connectivity to various parts of the city. The neighborhood is well-served by local amenities, including grocery stores, restaurants, and parks, catering to the daily needs of residents and visitors alike.

Tourist Attractions (Score: 4/10)

While Eastmoor itself may not be a major tourist destination, its proximity to downtown Columbus and other popular attractions makes it decent for city exploration. Nearby points of interest include the Franklin Park Conservatory and Botanical Gardens, the Ohio State Fairgrounds, and the vibrant Short North Arts District.

Things to Do (Score: 5/10)

Eastmoor offers a range of recreational activities for residents and guests. The neighborhood boasts well-maintained parks, such as Eastmoor Park and Eastgate Park, providing ample opportunities for outdoor pursuits like hiking, picnicking, and sports. Additionally, the proximity to the Scioto Mile and Olentangy Trail allows easy access to biking and walking paths.

Average Home Prices (Score: 8/10)

According to Zillow, the typical home value in Eastmoor Columbus as of February 2024 is $185,931, reflecting a 7.2% increase compared to the previous year. This moderate appreciation rate, coupled with relatively affordable prices, presents an attractive investment opportunity for those seeking a balance between affordability and potential for long-term growth.

Proximity to Work-Related Travel (Score: 7/10)

Eastmoor's central location within Columbus offers convenient access to major employment hubs, hospitals, and convention centers. Its proximity to the John Glenn Columbus International Airport and major highways further enhances its appeal for business travelers and those seeking easy commutes.

X-Factor (Score: 7/10)

Eastmoor's unique charm lies in its strong sense of community and family-friendly atmosphere. The neighborhood boasts well-maintained homes with diverse architectural styles, tree-lined streets, and a tight-knit community that values safety and neighborliness. This welcoming environment, convenient location, and affordable housing options make Eastmoor an attractive choice for families, professionals, and visitors alike.

4. Top Place to Invest in Columbus, Ohio - Franklinton

Franklinton, the oldest neighborhood in Columbus, is experiencing a remarkable revitalization, transforming into a vibrant and trendy area that offers unique investment opportunities to establish a new short-term rental business and capitalize on its growing popularity and proximity to downtown attractions.

Franklinton Airbnb Market Data:

• Average Revenue – $31.5K per year
• Average Daily Rate – $210.8 per night
• Average Occupancy Rate – 47%
• Average RevPAR – $100.3

Convenience (Score: 8/10)

Situated just west of downtown Columbus, Franklinton boasts a prime location with easy access to major highways and public transportation. The neighborhood's ongoing development projects have brought in new amenities, including the Franklinton Market, which offers convenience store basics and fresh produce, catering to the needs of residents and visitors alike.

Tourist Attractions (Score: 7/10)

While Franklinton itself may not be a primary tourist destination, its proximity to popular attractions such as the Franklin Park Conservatory and Botanical Gardens, COSI, and the Columbus Museum of Art makes it an attractive base for exploring the city's offerings. The neighborhood's rich history and unique character add to its appeal for visitors seeking an authentic Columbus experience.

Things to Do (Score: 8/10)

Franklinton offers a diverse array of activities and entertainment options. The vibrant arts scene, exemplified by the 400 West Rich creative space, showcases local talent and hosts regular events. The recently opened Otherworld immersive art installation provides a one-of-a-kind experience for visitors. Additionally, the neighborhood's proximity to the Scioto River and bike trails allows for outdoor recreation opportunities.

Average Home Prices (Score: 9/10)

According to Zillow, the average home value in Franklinton is $375,000, reflecting a 4.9% increase over the past year. This appreciation rate, coupled with the neighborhood's ongoing revitalization and relatively affordable prices compared to other downtown areas, presents an attractive investment opportunity for those seeking to capitalize on the area's growth potential.

Proximity to Work-Related Travel (Score: 9/10)

Franklinton's strategic location near downtown Columbus makes it an ideal choice for business travelers and professionals. The neighborhood's proximity to major hospitals, convention centers, and sports venues, such as Nationwide Arena and Lower.com Field, ensures a steady flow of visitors and potential short-term rental guests.

X-Factor (Score: 9/10)

What sets Franklinton apart is its unique blend of history, creativity, and community spirit. The neighborhood's ongoing transformation, driven by innovative development projects like the River & Rich mixed-use development and the Peninsula project, has created a buzz and excitement that attracts both residents and visitors. Franklinton's industrial charm, combined with its growing arts scene and entrepreneurial energy, gives it a distinct character that appeals to a diverse range of travelers.

5. Top Place to Invest in Columbus, Ohio - Greater Hilltop

The Greater Hilltop area, a diverse and vibrant community in Columbus, Ohio, offers a unique blend of urban convenience and suburban charm, making it an attractive investment opportunity for Airbnb and short-term rental investors seeking a well-rounded experience.

Greater Hilltop Airbnb Market Data:

• Average Revenue – $22.8K per year
• Average Daily Rate – $149.7 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $79.9

Convenience (Score: 6/10)

Strategically located just west of downtown Columbus, the Greater Hilltop area provides easy access to major thoroughfares and public transportation options, ensuring seamless connectivity to various parts of the city. Residents and visitors alike can enjoy the convenience of nearby shopping centers, restaurants, and essential amenities, catering to their daily needs.

Tourist Attractions (Score: 4/10)

While the Greater Hilltop area may not be a primary tourist destination, its proximity to popular attractions such as the Franklin Park Conservatory and Botanical Gardens, the Ohio State Fairgrounds, and the vibrant Short North Arts District offers visitors a diverse range of experiences within a short drive.

Things to Do (Score: 8/10)

The Greater Hilltop area boasts a wealth of recreational opportunities, from well-maintained parks and hiking trails to community events and festivals. Residents and guests can explore the Camp Chase Trail, a part of the Central Ohio Greenways, or participate in the annual Hilltop Bean Dinner, a family-friendly festival celebrating the area's rich history.

Average Home Prices (Score: 8/10)

According to Zillow, the typical home value in the Greater Hilltop area as of February 2024 is $185,931, reflecting a 7.2% increase compared to the previous year. This moderate appreciation rate, coupled with relatively affordable prices, presents an attractive investment opportunity for those seeking a balance between affordability and potential for long-term growth.

Proximity to Work-Related Travel (Score: 8/10)

The Greater Hilltop area's central location within Columbus offers convenient access to major employment hubs, hospitals, convention centers, and sports venues. Its proximity to the John Glenn Columbus International Airport and major highways further enhances its appeal for business travelers and those seeking easy commutes.

X-Factor (Score: 9/10)

The Greater Hilltop area's unique charm lies in its diverse community and rich history. The neighborhood boasts well-preserved architectural styles, tree-lined streets, and a strong sense of community pride. This welcoming atmosphere, convenient location, and affordable housing options make the Greater Hilltop area attractive for families, professionals, and visitors alike.

6. Top Place to Invest in Columbus, Ohio - Gahanna

Nestled in the heart of central Ohio, Gahanna offers a unique blend of small-town charm and urban convenience, making it an attractive investment destination for Airbnb and short-term rental investors seeking a well-rounded experience.

Gahanna Airbnb Market Data:

• Average Revenue – $31.3K per year
• Average Daily Rate – $226.4 per night
• Average Occupancy Rate – 47%
• Average RevPAR – $99.1

Convenience (Score: 9/10)

Gahanna's prime location, just eight miles northeast of downtown Columbus, provides easy access to major highways and amenities. The city boasts a well-developed infrastructure, with a variety of shopping, dining, and entertainment options within its boundaries, ensuring a comfortable stay for guests.

Tourist Attractions (Score: 8/10)

While not a major tourist hub, Gahanna's proximity to Columbus's vibrant attractions and status as the "Herb Capital of Ohio" make it an appealing visitor base. The city hosts several annual events, such as the Creekside Blues & Jazz Festival and the Herb Day celebration, drawing crowds from near and far.

Things to Do (Score: 8/10)

Gahanna offers a diverse array of recreational activities for residents and guests alike. The city's extensive park system, including the picturesque Creekside Park with its paddleboat marina, provides ample opportunities for outdoor adventures. Additionally, the Herbal Cocktail Trail invites visitors to explore the city's unique culinary scene.

Average Home Prices (Score: 7/10)

According to Zillow, the typical home value in Gahanna as of February 2024 is $375,000, reflecting a 4.9% increase compared to the previous year. This moderate appreciation rate and relatively affordable prices compared to other Columbus suburbs present an attractive investment opportunity for those seeking long-term growth potential.

Proximity to Work-Related Travel (Score: 8/10)

Gahanna's strategic location near major employment hubs, such as downtown Columbus, the John Glenn Columbus International Airport, and various convention centers, makes it an ideal choice for business travelers and professionals seeking convenient access to work-related destinations.

X-Factor (Score: 9/10)

Gahanna's unique charm lies in its strong sense of community and commitment to preserving its rich heritage. The city's vibrant arts scene, highlighted by the Ohio Herb Education Center and the Gahanna Herb Farm, celebrates its status as the Herb Capital of Ohio. This distinct character, combined with its family-friendly atmosphere and ongoing revitalization efforts, creates a welcoming environment that appeals to a diverse range of visitors.

7. Top Place to Invest in Columbus, Ohio - Northland

Northland, a vibrant and diverse community in Columbus, Ohio, offers a unique blend of urban convenience and suburban tranquility, making it an attractive investment opportunity for Airbnb and short-term rental investors seeking a well-rounded experience.

Northland Airbnb Market Data:

• Average Revenue – $33.6K per year
• Average Daily Rate – $200.4 per night
• Average Occupancy Rate – 60%
• Average RevPAR – $114.2

Convenience (Score: 8/10)

Strategically located in the northern part of Columbus, Northland provides easy access to major highways and public transportation options, ensuring seamless connectivity to various parts of the city. Residents and visitors alike can enjoy the convenience of nearby shopping centers, restaurants, and essential amenities, catering to their daily needs.

Tourist Attractions (Score: 5/10)

While Northland itself may not be a primary tourist destination, its proximity to popular attractions such as the Easton Town Center, the Ohio State University campus, and the vibrant Short North Arts District offers visitors a diverse range of experiences within a short drive.

Things to Do (Score: 7/10)

Northland boasts a wealth of recreational opportunities, from well-maintained parks and hiking trails to community events and festivals. These local events and festivals can also help boost your bookings if you can market and target the eventgoers. Residents and guests can explore the Alum Creek Trail, a part of the Central Ohio Greenways, or participate in the annual Northland Community Festival, celebrating the area's rich cultural diversity.

Average Home Prices (Score: 7/10)

According to Zillow, the typical home value in Northland as of February 2024 is $185,931, reflecting a 7.2% increase compared to the previous year. This moderate appreciation rate, coupled with relatively affordable prices, presents an attractive investment opportunity for those seeking a balance between affordability and the potential for long-term growth.

Proximity to Work-Related Travel (Score: 8/10)

Northland's central location within Columbus offers convenient access to major employment hubs, hospitals, convention centers, and sports venues. Its proximity to the John Glenn Columbus International Airport and major highways further enhances its appeal for business travelers and those seeking easy commutes.

X-Factor (Score: 8/10)

Northland's unique charm lies in its diverse community and ongoing revitalization efforts. The neighborhood boasts a mix of well-preserved architectural styles, tree-lined streets, and a strong sense of community pride. This welcoming atmosphere, convenient location, and affordable housing options make Northland an attractive choice for families, professionals, and visitors alike.