Ohio is the thirty-fourth largest state by area, with a population of 11,689,100 (U.S. Census Bureau, July 1, 2019). Throughout history, the state of Ohio has been shaped and defined by these milestones. Known as the “Buckeye State,” Ohio started as a Native American settlement long before the arrival of French and British settlers. After the American Revolutionary War, Ohio became a part of the United States in 1783 and became the 17th U.S. state in 1803. Ohio’s earlier industrial growth depended on rubber production by Standard Oil Co. and B.F. Goodrich.
Today, Ohio’s economy has a GDP of $689 billion (Bureau of Economic Analysis, July 1, 2018), which is driven by these top industries: automotive, steel, agriculture, small appliances, and aerospace. Many of the leading Fortune 500 companies have their headquarters in Ohio, including Kroger, Procter & Gamble, Goodyear Tire & Rubber, to name a few.
The most recognized cities in Ohio are Columbus, Cleveland, and Cincinnati.
Columbus is the state capital, in central Ohio, and has a population of 852,144. Columbus is home to the Franklin Park Conservatory and Botanical Gardens, Center of Science and Industry, and Columbus Zoo and Aquarium. Over the last ten years, Columbus’ housing market has appreciated by 38.18%. When compared to the rest of the nation, Columbus’ housing prices are more affordable, with the median home price of $136,500 and a median rent of $889.
Cleveland is located in northeastern Ohio and has a population of 388,812. Cleveland is home to the Rock & Roll Hall of Fame, the Cleveland Museum of Art, Cleveland Metroparks Zoo, and West Side Market. Over the last ten years, Cleveland’s housing market has appreciated by 1.23% annually. When compared to the rest of the country, Cleveland’s housing prices are notably less expensive, with the median home price of $67,600 and a median rent of $678.
Cincinnati resides in the southwestern part of Ohio and has a population of 298,957. Cincinnati is home to the Cincinnati Zoo & Botanical Garden, Newport Aquarium, Cincinnati Art Museum, and Krohn Conservatory. Over the last ten years, Cincinnati ‘s housing market has appreciated by 25.55%. When compared to the rest of the nation, Cincinnati’s housing prices are substantially lower, with the median home price of $124,200 and a median rent of $684.