The 25 Best Suburbs in Ohio with High ROI for Real Estate Investors: An Investment Guide for Maximum Returns
Ohio’s real estate market offers numerous opportunities for investors seeking profitable ventures in suburban areas. From established communities to emerging neighborhoods, the state’s diverse suburban landscape presents varying levels of potential returns on investment.
The top 25 Ohio suburbs for real estate investment showcase median home values between $150,000 and $450,000, with average annual appreciation rates ranging from 4% to 8%.
These areas demonstrate strong population growth, quality school districts, and proximity to major employment centers, creating sustained demand for housing.
Here are the 25 best Ohio suburbs for real estate investment:
1. Dublin, Ohio
Dublin stands as a premier suburban community located northwest of Columbus, with a median home price of $465,000 as of early 2025. The city has experienced a steady 5.8% annual property value appreciation over the past five years.
The suburb boasts exceptional schools, with Dublin City School District consistently receiving an “A” rating from the Ohio Department of Education. This educational excellence drives strong rental demand from families.
The Bridge Park development has transformed Dublin into a vibrant mixed-use destination, featuring upscale restaurants, retail spaces, and luxury apartments. This development has significantly boosted surrounding property values.
Dublin’s robust job market includes major employers like Cardinal Health and Nationwide Insurance. The average household income of $135,000 supports high rental rates and property values.
The suburb maintains a low vacancy rate of 2.3%, with rental properties typically leasing within 30 days. Investment properties in Dublin generate average cash-on-cash returns of 7.2%.
2. Worthington, Ohio
Worthington, located just north of Columbus, maintains a median home value of $425,000 as of early 2025. Property values have appreciated by 28% over the past five years.
The suburb’s historic district features well-preserved colonial architecture and attracts both tourists and residents. The area’s walkable downtown hosts regular community events and farmers markets.
Rental properties in Worthington generate average monthly returns of $2,100 for single-family homes. The rental market benefits from the suburb’s proximity to major employers and its top-rated school district.
Investment opportunities exist in both single-family homes and multi-unit properties. The vacancy rate remains low at 2.8%, indicating strong rental demand.
The city’s strict zoning laws and architectural standards help protect property values. New development projects focus on maintaining the area’s historic character while meeting modern housing demands.
3. Bexley, Ohio
Bexley stands as one of Columbus’s most prestigious suburbs, located just 10 minutes east of downtown. The area boasts historic homes, tree-lined streets, and a median home value of $465,000 as of early 2025.
Real estate investors appreciate Bexley’s strong rental market, driven by its proximity to Capital University and Franklin University. The average rental rate for single-family homes reaches $2,400 monthly, providing solid cash flow potential.
Property values in Bexley have shown consistent appreciation, with a 5.8% increase in the past year. The suburb maintains strict zoning laws and architectural standards, helping protect property values.
The local school district ranks among Ohio’s top performers, with Bexley High School consistently achieving excellence ratings. This education quality attracts families and maintains steady housing demand.
Bexley’s walkable Main Street features local shops, restaurants, and the historic Drexel Theatre, enhancing the community’s appeal to residents and tenants alike.
4. Upper Arlington, Ohio
Upper Arlington sits just northwest of downtown Columbus, offering a prime location for real estate investment. The suburb features tree-lined streets, well-maintained properties, and excellent school districts.
Home values in Upper Arlington have risen steadily, with a 15% increase from 2020 to 2025. The median home price stands at $475,000, while average monthly rents reach $2,200 for single-family homes.
The area attracts affluent professionals and families seeking top-rated schools and proximity to major employers. The Jones Middle School and Upper Arlington High School consistently rank among Ohio’s best educational institutions.
Upper Arlington’s strict zoning laws and architectural standards help maintain property values. The suburb’s walkable districts, including Lane Avenue and Tremont Road, feature upscale shopping and dining options.
Local amenities include numerous parks, the Upper Arlington Public Library, and the Ohio State University Golf Club. The community’s low crime rates and high household income levels contribute to strong rental demand.
5. New Albany, Ohio
New Albany stands as a premium suburb located northeast of Columbus, offering exceptional real estate investment opportunities. The median home value sits at $685,000, with a steady annual appreciation rate of 4.8%.
The suburb’s luxurious planned community features Georgian-style architecture, extensive walking trails, and top-rated schools. New Albany International Business Park attracts major employers, creating steady job growth and housing demand.
Rental properties in New Albany command premium rates, with average monthly rents of $2,800 for single-family homes. The vacancy rate remains low at 2.3%, indicating strong rental market stability.
The area’s high-income demographic, with a median household income of $203,000, supports property value growth. Local zoning laws and architectural standards help maintain property values and community aesthetics.
Recent commercial developments and continued expansion of the business park strengthen New Albany’s position as a prime investment location. The suburb’s careful planning and steady growth make it an attractive choice for long-term real estate investment.
6. Powell, Ohio
Powell stands as one of Delaware County’s most affluent suburbs, with a median home value of $478,000 as of 2025. The city’s property values have appreciated by 28% over the past five years.
The suburb maintains strong rental demand due to its top-rated Olentangy Local School District and proximity to major employers along the I-270 corridor. Average monthly rents for single-family homes reach $2,800.
New construction developments and established neighborhoods attract both young professionals and families. The average time on market for properties is 22 days, indicating high buyer interest.
Investment opportunities exist in both single-family homes and townhouse communities. Property taxes remain relatively stable at 2.1% of assessed value.
The local government’s pro-business stance and continued infrastructure improvements support steady property value growth. Recent commercial development has enhanced the area’s amenities and walkability.
7. Grandview Heights, Ohio
Grandview Heights sits just northwest of downtown Columbus, offering a prime location for real estate investment. The suburb maintains a small-town atmosphere while providing easy access to urban amenities.
Home values in Grandview Heights have consistently appreciated, with median prices rising 8.2% in 2024. The area’s rental market remains strong, with average monthly rents of $1,850 for single-family homes.
The suburb’s excellent school system and walkable community attract young professionals and families. Local businesses thrive along Grandview Avenue, creating a vibrant commercial district that supports property values.
Investment properties in Grandview Heights typically generate cap rates between 5.8% and 6.5%. The suburb’s low vacancy rates and stable tenant base contribute to reliable rental income.
The community’s historic homes and new development projects provide diverse investment opportunities. Property taxes remain relatively moderate compared to neighboring Columbus suburbs.
8. Westerville, Ohio
Westerville sits just 15 miles northeast of Columbus, offering investors a prime location in one of Ohio’s fastest-growing regions. The suburb maintains a strong rental market with consistent demand from young professionals and families.
Home values in Westerville have appreciated by 28% since 2020, with median prices reaching $385,000 in early 2025. The average monthly rent for single-family homes stands at $1,850, providing healthy cash flow potential for investors.
The suburb features excellent schools, with Westerville North High School ranked among the top 50 public schools in Ohio. The area’s extensive parks system and historic uptown district attract steady streams of new residents.
Major employers like JPMorgan Chase and Mount Carmel St. Ann’s Hospital provide stable employment opportunities, contributing to Westerville’s 96% occupancy rate for rental properties. The suburb’s property taxes remain relatively moderate at 1.8% of assessed value.
9. Hilliard, Ohio
Hilliard stands as a fast-growing suburb located 15 miles northwest of Columbus. The city’s population has increased by 25% since 2010, attracting young professionals and families seeking quality suburban living.
Property values in Hilliard have appreciated by an average of 6.8% annually over the past five years. The median home price sits at $315,000, with single-family homes ranging from $250,000 to $500,000.
The city boasts highly-rated public schools, multiple parks, and recreational facilities. The local economy benefits from its proximity to major employers in Columbus and the presence of several business parks within city limits.
Rental demand remains strong, with average monthly rents of $1,600 for single-family homes. The city maintains a healthy occupancy rate of 96% for rental properties, providing steady income potential for investors.
New commercial developments and infrastructure improvements continue to enhance Hilliard’s appeal. The city’s strategic location near I-270 and expanding amenities make it an attractive option for real estate investment.
10. Gahanna, Ohio
Gahanna’s real estate market demonstrates strong potential for investors, with median home values reaching $315,000 in early 2025. Property values have increased by 28% since 2020, outpacing many neighboring Columbus suburbs.
The city’s proximity to John Glenn Columbus International Airport and major employers like AEP and Nationwide Insurance creates steady rental demand. Average monthly rents stand at $1,750 for single-family homes, yielding annual returns of 6-8% for investors.
Gahanna maintains excellent public schools with an A rating from the Ohio Department of Education. The city’s parks system, including Creekside Park and Veterans Memorial Park, enhances property values in surrounding neighborhoods.
The local government actively supports development through tax incentives and infrastructure improvements. New retail and dining establishments in Creekside District continue attracting young professionals and families to the area.
Recent zoning changes allow more mixed-use developments, creating opportunities for diverse investment strategies. Property taxes remain competitive at 2.1% of assessed value.
11. Springboro, Ohio
Springboro sits between Dayton and Cincinnati, offering investors a strategic location in the growing Warren County market. The median home value of $320,000 delivers strong appreciation potential for real estate portfolios.
The suburb’s excellent school district ranks among Ohio’s top 10% and attracts families seeking quality education. This steady demand helps maintain property values and rental rates.
Local employment opportunities continue expanding with multiple business parks and retail centers. The town’s population has grown 15% since 2020, creating increased housing demand.
Investment properties in Springboro generate average rental yields of 6-8%. The low vacancy rate of 3% indicates a robust rental market.
The historic downtown area features preserved architecture and local shops, enhancing the community’s charm and appeal to residents. Recent infrastructure improvements and planned developments suggest continued growth potential for real estate investors.
12. Loveland, Ohio
Loveland’s real estate market attracts investors with its median home price of $335,000 and steady appreciation rates of 5-7% annually since 2020. The city’s location along the Little Miami River provides residents with scenic views and outdoor recreation opportunities.
The community of 13,000 residents benefits from top-rated schools in the Loveland City School District, which maintains a 96% graduation rate. The historic downtown district features locally-owned shops and restaurants that drive tourism and support property values.
Rental properties in Loveland generate average monthly returns of $1,800 for single-family homes. The city’s vacancy rate remains low at 3%, indicating strong rental demand from young professionals and families.
Local employment opportunities continue expanding with several business parks and corporate offices establishing locations in the area. The 30-minute commute to downtown Cincinnati provides additional job access while maintaining suburban charm.
13. Mason, Ohio
Mason attracts real estate investors with its robust median home value of $375,000 and steady appreciation rates averaging 6.2% annually since 2020. The city’s population of 35,000 continues to grow, driven by its excellent school system and proximity to Cincinnati.
The rental market remains strong with average monthly rates of $1,800 for single-family homes, providing investors with reliable cash flow opportunities. Mason’s diverse employment base includes major corporations like Procter & Gamble and Kroger’s digital headquarters.
Property taxes in Mason are relatively moderate for the Cincinnati metro area, averaging 1.8% of assessed value. The city maintains strict zoning laws and building codes that help protect property values.
Mason’s Kings Island amusement park and multiple corporate offices create year-round rental demand from both families and young professionals. The city’s crime rate ranks among the lowest in Ohio, making it particularly attractive to long-term tenants.
14. Hudson, Ohio
Hudson offers real estate investors a compelling blend of historic charm and modern affluence. The median home value stands at $475,000, with an average annual appreciation rate of 4.8% over the past five years.
The city’s highly-rated school system and proximity to major employment centers in Cleveland and Akron drive steady rental demand. Properties in Hudson maintain a strong occupancy rate of 96%, with average monthly rents of $2,300 for single-family homes.
The historic downtown district attracts tourists and supports local businesses, contributing to property value stability. The area features preserved 19th-century architecture alongside newer developments.
Hudson’s strict zoning laws and architectural guidelines protect property values and maintain the city’s character. The local government’s commitment to infrastructure maintenance and public services creates a stable environment for long-term investment.
The rental market shows particular strength among young professionals and families seeking quality schools and a safe community. Investment properties in Hudson typically see a cash-on-cash return of 7-9%.
15. Beachwood, Ohio
Beachwood stands as one of Cleveland’s most affluent eastern suburbs, with a median home value of $375,000 as of early 2025. The city maintains a strong reputation for its excellent schools and proximity to major medical facilities.
The suburb’s commercial district features high-end retail destinations, including Beachwood Place mall and Legacy Village. These retail centers help drive consistent rental demand and property appreciation.
Real estate investors benefit from Beachwood’s stable property tax rates and well-maintained infrastructure. The average rental property generates returns between 6-8% annually.
The city’s population of approximately 12,000 includes many medical professionals and business executives. This demographic supports higher-than-average rental rates and property values.
Beachwood offers quick access to Interstate 271 and is just 20 minutes from downtown Cleveland. The combination of location, amenities, and strong local economy makes it an attractive option for real estate investment.
16. Solon, Ohio
Solon stands as a premier Cleveland suburb, located 18 miles southeast of downtown. The city maintains a strong reputation for its excellent schools, ranking consistently among Ohio’s top districts.
Home values in Solon have appreciated steadily, with median prices reaching $385,000 in early 2025. The market shows a robust 5-year appreciation rate of 28%, attracting real estate investors seeking stable returns.
The city’s thriving business sector includes major employers like Nestle and L’Oreal, creating a stable economic foundation. Low vacancy rates and strong rental demand contribute to reliable investment returns.
Solon’s crime rate ranks 75% lower than the national average, making it particularly attractive to families and professionals. The city’s well-maintained parks, recreation facilities, and community events enhance its appeal to potential tenants.
The local government’s pro-business policies and strategic development plans support continued property value growth. Property taxes remain competitive compared to neighboring Cleveland suburbs.
17. Rocky River, Ohio
Rocky River sits just 9 miles west of Cleveland along Lake Erie’s shoreline. The suburb’s prime location offers residents quick access to downtown Cleveland while maintaining a peaceful, upscale community atmosphere.
The median home value in Rocky River is $289,900, with property values showing steady appreciation over the past decade. Rental properties generate strong returns due to the high demand from young professionals and families.
The area features excellent public schools, with Rocky River High School consistently ranking among Ohio’s top educational institutions. The suburb’s historic downtown district includes boutique shops, restaurants, and entertainment venues.
Rocky River’s waterfront location provides recreational opportunities at Bradstreet’s Landing and Rocky River Park. The suburb’s low crime rates and well-maintained infrastructure make it attractive to long-term residents.
Real estate investors benefit from the stable housing market and consistent rental demand. The mix of single-family homes, condos, and apartments offers diverse investment opportunities.
18. Strongsville, Ohio
Strongsville offers real estate investors a prime location in Cleveland’s southwestern suburbs. The city’s median home value of $285,000 has appreciated by 8.2% annually since 2020, outpacing many nearby communities.
The suburb maintains a steady rental market with average monthly rents of $1,650 for single-family homes. The rental vacancy rate sits at a low 3.8%, indicating strong tenant demand.
Strongsville’s population of 45,000 residents benefits from excellent schools and extensive retail options along Pearl Road. The city’s commercial district includes SouthPark Mall and numerous restaurants, attracting shoppers from surrounding areas.
The local job market remains robust with major employers like Progressive Insurance and Medical Mutual maintaining offices in Strongsville. The average household income of $98,500 supports property values and rental rates.
The city’s ongoing infrastructure improvements and business-friendly policies have helped maintain property appreciation. New retail and residential developments continue to emerge, particularly near the Interstate 71 corridor.
19. Westlake, Ohio
Westlake stands as a prime investment location in Cleveland’s western suburbs, with property values showing consistent appreciation over the past decade. The median home value sits at $365,000, representing a 15% increase since 2020.
The city attracts affluent professionals and families with its top-rated school system and proximity to major employers, including American Greetings’ corporate headquarters and University Hospitals St. John Medical Center.
Property investors benefit from Westlake’s strong rental market, with average monthly rents of $1,800 for single-family homes. The vacancy rate remains low at 3%, indicating steady tenant demand.
The suburb features upscale shopping at Crocker Park, numerous parks, and easy access to I-90 and I-480. These amenities help maintain property values and attract quality long-term tenants.
Recent commercial development projects and continued population growth signal positive momentum for real estate appreciation in Westlake. The city’s strict zoning laws and property maintenance standards protect investment values.
20. Avon, Ohio
Avon’s real estate market demonstrates strong potential for investors with a steady appreciation rate of 5.8% annually since 2020. The median home price stands at $375,000 as of early 2025, offering competitive entry points for investors.
Located just 20 miles west of Cleveland, Avon attracts young families and professionals seeking a suburban lifestyle. The city’s population has grown by 12% in the past five years, driving demand for rental properties.
The local school district consistently ranks among Ohio’s top performers, with a 96% graduation rate. This educational excellence helps maintain property values and attracts long-term residents.
Avon’s commercial development continues to expand along Detroit Road, creating new job opportunities and increasing property demand. The area’s retail growth includes new shopping centers and restaurants.
The rental market yields average returns of 7.2% annually, with particularly strong performance in single-family homes. Property taxes remain relatively moderate at 1.8% of assessed value.
21. Mentor, Ohio
Mentor stands out as a profitable suburb for real estate investors, with property values showing steady appreciation since 2020. The median home price of $275,000 yields attractive returns for both rental properties and fix-and-flip ventures.
Located just 25 miles northeast of Cleveland, Mentor attracts families and professionals seeking a suburban lifestyle with urban amenities. The city’s strong job market includes manufacturing, healthcare, and retail sectors.
The suburb maintains excellent public schools and numerous parks, making it appealing to long-term residents. Crime rates remain low, while the local government continues investing in infrastructure improvements.
Property taxes in Mentor stay competitive compared to neighboring Lake County communities. The rental market demonstrates consistent demand, with average monthly rents of $1,200 for single-family homes.
The presence of Mentor’s commercial corridors, including Mentor Avenue and Great Lakes Mall, supports property values and attracts steady tenant interest. Local zoning laws favor residential development, creating opportunities for investors to expand their portfolios.
22. North Ridgeville, Ohio
North Ridgeville attracts real estate investors with its steady population growth and expanding suburban amenities. The city’s population increased by 15% between 2010 and 2020, creating strong rental demand.
Home values in North Ridgeville have appreciated 8.2% annually since 2020. The median home price of $289,000 remains below nearby Cleveland suburbs, providing opportunities for value appreciation.
The city’s strategic location along I-480 and proximity to Cleveland Hopkins International Airport appeals to commuters. Major employers include Cleveland Clinic Avon Hospital and multiple manufacturing facilities.
North Ridgeville’s school system consistently earns high performance ratings from the Ohio Department of Education. The district’s academic excellence draws families to the area.
New retail and commercial development along Center Ridge Road has enhanced the city’s amenities. Recent projects include shopping centers, restaurants, and medical facilities.
23. Fairview Park, Ohio
Fairview Park sits just 12 minutes west of Cleveland, offering investors a stable suburban market with strong rental demand. The median home price stands at $235,000, with average monthly rents of $1,450 for single-family homes.
The city maintains excellent public schools and features multiple parks, including the 162-acre Rocky River Reservation. These amenities help attract long-term tenants, particularly families and young professionals.
Property values in Fairview Park have appreciated 4.8% annually over the past five years. The suburb’s proximity to Cleveland Hopkins International Airport and major employers provides steady employment opportunities for residents.
Local zoning laws support both single-family and multi-family properties, giving investors flexibility in property types. The city’s low property tax rate of 2.1% helps maximize rental income potential.
Recent infrastructure improvements and commercial development along Lorain Road have enhanced the area’s appeal to renters and homebuyers alike. The vacancy rate remains low at 3.2%, indicating strong rental market fundamentals.
24. Brunswick, Ohio
Brunswick offers real estate investors strong potential returns with median home prices around $275,000. The suburb’s property values have risen 8% annually since 2020.
Located 25 miles southwest of Cleveland, Brunswick attracts families and professionals seeking a quieter lifestyle while maintaining easy access to urban amenities. The city’s population of 35,000 continues steady growth at 1.2% per year.
Brunswick’s rental market shows promise with average monthly rents of $1,400 for single-family homes. The vacancy rate stays low at 3%, indicating strong tenant demand.
The local economy benefits from diverse employers in manufacturing, healthcare, and retail sectors. Brunswick’s unemployment rate remains below the state average at 4.2%.
Local schools rank above average with an 8/10 rating from GreatSchools. The city maintains multiple parks, recreation centers, and shopping districts that enhance resident quality of life.
25. Independence, Ohio
Independence presents a compelling opportunity for real estate investors with its median home value of $315,000 and average rental rates of $1,800 per month. The suburb maintains a strong appreciation rate of 4.2% annually.
Located just 8 miles south of Cleveland, Independence benefits from its strategic position along Interstate 77 and proximity to Cleveland Hopkins International Airport. The city’s business-friendly environment has attracted numerous corporate offices and hotels.
The local school district consistently receives high ratings, with Independence High School ranking among Ohio’s top performers. This education quality drives steady demand from families seeking suburban homes.
The city’s commercial tax base helps maintain low residential property taxes while funding excellent public services. Independence features over 33 acres of parks and recreational facilities, adding value to residential properties.
The rental market shows particular strength in single-family homes and townhouses. Investment properties in Independence typically experience vacancy rates below 3%, contributing to reliable returns.
Factors Influencing ROI in Ohio’s Suburbs
Several key elements shape investment returns in Ohio’s suburban real estate markets, including local economic conditions, tax structures, and the strength of rental markets.
Economic Growth
Job creation drives population growth and housing demand in Ohio’s suburbs. Companies like Intel’s $20 billion semiconductor facility in New Albany have sparked significant property value increases in surrounding areas.
Manufacturing expansions in suburbs near Columbus, Cincinnati, and Cleveland create employment opportunities that attract new residents. These growing workforces need housing, pushing up both property values and rental rates.
Infrastructure improvements, including new highways and public transit extensions, enhance suburb accessibility and property values. The planned $1.2 billion expansion of I-270 around Columbus is expected to boost real estate prices in adjacent communities.
Property Taxes
Ohio’s property tax rates vary significantly by county and school district. 2024 effective tax rates range from 1.2% to 2.4% across suburban areas.
Tax abatement programs in developing suburbs can reduce carrying costs for investors. Cities like Dublin and Mason offer 10-15 year tax incentives for new construction and major renovations.
Property tax levies fund local schools and services, impacting neighborhood desirability. Strong school districts like Solon and Upper Arlington command premium property values despite higher tax rates.
Rental Demand
Young professionals and families seeking more space drive suburban rental markets. Average suburban rental rates increased 15% from 2023 to 2024.
Remote work policies have expanded the radius where renters will consider living. Suburbs 30-45 minutes from city centers now attract tenants who commute less frequently.
Multi-family housing shortages in many Ohio suburbs create competitive rental markets. Occupancy rates exceed 95% in high-demand areas like Westerville and Beavercreek.
Demographics favor continued rental growth, with millennials starting families and seeking suburban lifestyles. This trend particularly benefits suburbs with strong schools and amenities.
Choosing the Right Suburb for Investment
Successful real estate investments in Ohio’s suburbs depend on thorough market analysis and careful evaluation of neighborhood features. The selection process requires investors to focus on data-driven decisions and quality-of-life factors that attract long-term residents.
Understanding Local Market Trends
Real estate investors must analyze historical price data and growth patterns in potential suburban locations. Property values, price-to-rent ratios, and average days on market serve as key metrics for investment decisions.
Population growth trends indicate future demand, with rapidly growing suburbs often yielding higher returns. Current migration patterns show significant movement from urban centers to suburbs across Ohio.
Tracking local employment statistics helps predict market stability. Areas with diverse job markets and major employers tend to maintain steady property values.
Evaluating Neighborhood Amenities
School district ratings significantly impact property values and rental demand. Top-rated schools in suburbs like Dublin and Upper Arlington consistently attract families seeking quality education.
Access to shopping, dining, and entertainment influences tenant satisfaction and property appreciation. Suburbs with walkable town centers and retail districts command premium rental rates.
Transportation infrastructure affects property desirability. Suburbs with easy highway access and public transit options appeal to commuters and maintain strong rental markets.
Green spaces and recreational facilities enhance neighborhood appeal. Communities with parks, trails, and community centers attract diverse tenant pools and support long-term value growth.
