Best Neighborhoods in Central Ohio for Home Renovation Investment

At Fresh Home, we've partnered with dozens of real estate investors throughout Central Ohio on renovation projects ranging from cosmetic updates to complete gut rehabs. Here's our insider guide to the best neighborhoods for renovation investment in 2025.

German Village: Historic Charm, Premium Returns

German Village remains one of Columbus's most desirable neighborhoods, with properties that command premium prices. The historic district's strict architectural guidelines ensure property values remain strong, making it ideal for investors who understand restoration work.

Investment Profile:

• Median home price: $450,000-$650,000

• Average renovation cost: $80,000-$150,000

• Typical ROI: 75-85%

• Best strategy: Buy and hold, high-end rentals

Investors should focus on preserving historic character while modernizing kitchens and bathrooms. Properties here attract professionals and empty-nesters willing to pay premium rents for authentic charm combined with modern amenities.

Clintonville: Family-Friendly Appeal

Clintonville's tree-lined streets, excellent schools, and strong community vibe make it consistently attractive to families. Properties here typically need moderate renovations, offering good margins for both flippers and landlords.

Investment Profile:

• Median home price: $250,000-$350,000

• Average renovation cost: $40,000-$80,000

• Typical ROI: 70-80%

• Best strategy: Flip or family rentals

Focus on creating move-in ready homes with updated systems, modern finishes, and functional layouts. Clintonville buyers and renters value quality over luxury, making mid-range renovations the sweet spot.

Franklinton: The Up-and-Coming Opportunity

Franklinton is Columbus's hottest emerging neighborhood. With the Scioto Peninsula development, new restaurants, and arts scene growth, property values have appreciated 40-60% over the past five years. Early investors are seeing exceptional returns.

Investment Profile:

• Median home price: $150,000-$250,000

• Average renovation cost: $50,000-$90,000

• Typical ROI: 90-120%

• Best strategy: Flip or long-term hold

This neighborhood rewards bold vision. Properties often need substantial work, but the lower entry prices and rapid appreciation create opportunities for significant equity gains. Commercial renovations are also booming here as mixed-use developments reshape the area.

Grandview Heights: Consistent Performer

Grandview's walkable streets, trendy restaurants, and proximity to downtown make it perennially popular. Limited inventory keeps prices stable, and renovated properties sell quickly.

Investment Profile:

• Median home price: $350,000-$500,000

• Average renovation cost: $60,000-$100,000

• Typical ROI: 65-75%

• Best strategy: Quick flip or professional rentals

Grandview buyers expect contemporary finishes and open floor plans. Budget for high-quality materials and modern design this neighborhood's demographic has elevated expectations.

Worthington: Suburban Stability

For investors seeking suburban markets, Worthington offers excellent schools and strong family demand. Properties here provide steady, predictable returns without the volatility of urban neighborhoods.

Investment Profile:

• Median home price: $300,000-$450,000

• Average renovation cost: $50,000-$85,000

• Typical ROI: 65-70%

• Best strategy: Family rentals or flips

Worthington renovations should emphasize functionality updated kitchens, additional bathrooms, and finished basements appeal to families. Traditional styling generally outperforms ultra-modern designs here.

Key Factors for Successful Renovation Investment

Market Timing

Central Ohio's market remains strong, but smart investors monitor inventory levels, days on market, and price trends in specific neighborhoods before committing capital.

Renovation Scope

Right-sizing your renovation matters. Over-improving for a neighborhood limits returns, while under-renovating leaves money on the table. Work with experienced contractors like Fresh Home who understand local market expectations.

Flip vs. Rent Considerations

Choose flipping when:

• You have short-term capital

• The neighborhood has strong buyer demand

• Your renovation adds 20%+ to property value

• You can complete work in under 6 months

Choose renting when:

• The neighborhood has strong rental demand and limited supply

• You want long-term wealth building through appreciation

• Cash flow covers your mortgage and reserves

• You have systems for property management

Working with the Right Renovation Partner

Successful real estate investment requires a reliable renovation partner who understands budgets, timelines, and market expectations. Fresh Home has extensive experience working with investors throughout Central Ohio, delivering quality renovations that maximize ROI.

We understand the unique needs of investment properties value engineering, fast turnarounds, and rental-grade durability. Our team can help you:

• Evaluate properties before purchase

• Provide accurate renovation estimates

• Complete work on aggressive timelines

• Source cost-effective materials without sacrificing quality

• Navigate permitting and inspections

Ready to maximize your next investment property? Contact Fresh Home today to discuss your renovation needs, or request a detailed estimate for your project. We'll help you make smart renovation decisions that boost your bottom line.

For more renovation insights, explore our guides on kitchen remodeling, bathroom renovation, and renovation financing options.

Fresh Home is Central Ohio's trusted renovation partner for residential and investment properties. With competitive pricing, reliable timelines, and quality craftsmanship, we help investors maximize returns on every project.