Columbus, OH 43204 Real Estate Market Report

ZIP Code: 43204
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The housing market in Columbus, OH (ZIP: 43204) is currently characterized by a median sold price of $184,450, reflecting a stable environment despite a slight decrease year-over-year. This suggests that while the market has experienced some fluctuations, it remains resilient overall. The neighborhood has decreased 8% since 2022, indicating a potential shift in buyer sentiment or market dynamics that may require careful monitoring.

Transaction activity appears to be moderate, with 226 median days on market suggesting slower sales velocity. Elevated inventory levels relative to sales activity may provide buyers with more negotiation power, while sellers may need to adjust expectations to align with current market realities. The overall market temperature is classified as neutral, indicating a balanced environment where opportunities exist for both buyers and sellers.

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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.

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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.

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Rental Market

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Property Taxes

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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.

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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 averaging 6.38% compared to 6.67% a year ago, representing a 0.3% decrease.

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

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Key Findings

1. The median sold price is $184,450, indicating a stable market despite a slight year-over-year decrease.

2. With 226 median days on market, the market reflects slower sales velocity, suggesting potential pricing friction for sellers.

3. Elevated inventory levels relative to sales activity may provide buyers with increased negotiation opportunities in the current market.

4. The median market rent stands at $1,426, showing stable to increasing rental demand in the area.

5. Current mortgage rates have decreased to 6.38%, which may alleviate some pressure on buyers compared to the previous year's rate of 6.67%.

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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.