Columbus, OH variant. This is a Columbus, OH-specific version of the Rental Yield Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Rental Yield Calculator.
Columbus's gross rental yield - annual rent ÷ property price - is about 7.4%, based on $1,450/month rent on a $235,000 median home.
Rental yield in Columbus
Gross yield = ($1,450 × 12) ÷ $235,000 = 7.4%. Net yield subtracts property tax (1.62%), insurance, vacancy, and maintenance.
High-price metros tend to show lower yields (price outruns rent); affordable metros often yield more. Columbus's yield is attractive for cash-flow investors.
About Columbus, OH
Columbus imposes a municipal income tax on wages earned in the city, in addition to Ohio state income tax.
Columbus offers affordable home prices and rents relative to many large cities, supporting accessible homeownership.
Columbus's economy is anchored by its role as the Ohio state capital, a major public university, and growing insurance, finance, and technology sectors.
Worked example: Columbus yield
Annual rent $17,400 ÷ price $235,000 = 7.4% gross. After 1.62% property tax and ~1% maintenance, net yield is meaningfully lower.
Quick reference
- Median home value: $235,000
- Median rent: $1,450/mo
- Median household income: $62,994
- Local sales tax: 7.5%
- City income tax: 2.5%
- Effective property tax rate: 1.62%
- Cost of living index: 91 (US avg = 100)
Frequently Asked Questions
What is a good rental yield?
Many investors target 6-8% gross; Columbus runs about 7.4%.
How is rental yield calculated?
Gross yield = annual rent ÷ purchase price. Net yield also subtracts taxes, insurance, vacancy, and upkeep.