Columbus enjoying strong housing market

  • Comments
  • Print

While the rest of the state struggles to hold its own through the national housing downturn, the Columbus area is thriving.

Bartholomew County, where Columbus is the seat, saw the median house price rise 8.7 percent, to $139,000, in the third quarter, according to The Republic, the city’s daily newspaper.

Nationally, the median price fell 3.7 percent in the quarter. In Indiana, it fell 0.9 percent.

Bartholomew County is flying above woes triggered by the subprime bust because the economy is stable. Cummins Inc., which is headquartered in Columbus, has announced a string of strong profits, and some of the Japanese manufacturers in the area are doing well.

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our updated comment policy that will govern how comments are moderated.