SNAPSHOT OF THE OHIO
REAL ESTATE MARKET Julius Cartwright Ohio means “great river” deriving its name from the Iroquois tribe. The river today is called Ohio River and is the largest tributary of flowing into the Mississippi in terms of volume. The biggest cities in the state are Cincinnati, Columbus, and Cleveland, each having a population of over 2 million people.
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ith these three large metro areas, each having a population of over 2 million people, that coupled up with some other large cities including Dayton, Toledo, Youngstown, and Akron, it is therefore not a surprise that the Ohio State is one of the most populous states in the country. In fact, with a population of 11.5 million people, Ohio state ranks 7th in terms of population. In terms of racial diversity, 82% of the Ohioans are white, closely followed by people of African American descent who make up about 12% of the total population. 3% of the population are Hispanic, 2% are multiracial, and 1% are Asians. As of early 2016, the US census reported that the median household income for the Ohioans was $48,308 and approximately 15% of the residents in the county are living below the poverty threshold. Notably, Ohio is the home to at least 140 institutions of higher learning. These include the nationally ranked schools like the Ohio State, Case Western Reserve, Kenyon College, and Oberlin College. In terms of education, people in Ohio are relatively well educated with more than a quarter of the population having a Bachelor’s degree. Over 88% of the residents in Ohio are high school graduates.
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THE POWER IS NOW MAGAZINE | JULY 2020
