Columbus, OH 43204 Real Estate Market Report

ZIP Code: 43204
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Columbus OH are approximately 6.4% compared to the 6.1% average observed earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The primary indicator of local market value is the median sold price of 199,900, which signals recent transaction levels that buyers and appraisers should reference when setting offers and underwriting; given the neutral market temperature, this represents a representative recent sale benchmark rather than an outlier.

2. There is a notable spread between the median listing price of 170,000 and the median sold price of 199,900, which may indicate pricing friction or selective seller optimism; sellers pricing well below recent sales appear unlikely, and buyers should use the higher sold-price benchmark when assessing true comparable value.

3. Sellers are experiencing slower turnover as indicated by the median days on market of 212, which suggests reduced transaction velocity and that properties may require longer time or concessions to reach the median sold price; this longer market exposure may create negotiation opportunities for buyers.

4. Market fundamentals show supportive demand with a price year-over-year trend of up and a rent year-over-year trend of up, while interest rate pressure is moderate—together these factors imply continued price support but warrant caution on financing costs when targeting properties near the median price per square foot of 152 and median market rent of 1,175.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Columbus, OH 43204 Real Estate Market Report

ZIP Code: 43204
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Columbus OH are approximately 6.4% compared to the 6.1% average observed earlier in 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The primary indicator of market value and recent transactions is the 154,500 median sold price, which, combined with the neutral market temperature, suggests pricing has shown measured appreciation while transactions remain representative rather than frenzied.

2. The 525 median days on market indicates notably slower sales velocity and suggests pricing friction — sellers may need to set realistic expectations on time to close and consider targeted pricing or concessions to accelerate deals.

3. The 145 median price per square foot, alongside rising rent trends and a 1,100 median market rent, signals that per‑unit values are supported by local rent growth; investors should compare rent stability against capital costs before pursuing acquisitions.

4. Interest rate dynamics matter: moderate interest rate pressure is present and Current 30-year fixed mortgage rates in Columbus OH are approximately 6.4% compared to the 6.1% average observed earlier in 2026, which may temper buyer purchasing power and extend negotiation windows — price positioning should account for this financing headwind.

---

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.