Columbus, OH 43205 Real Estate Market Report

ZIP Code: 43205
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.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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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 the 43205 area are averaging approximately 6.35%, reflecting a stable market environment for property owners compared to recent 2026 origination benchmarks.

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 299,950, which serves as the primary indicator of market value and shows transactions are occurring near the current asking environment where the median listing price is 300,000; this near-alignment suggests limited pricing friction between list and close values. representative recent sale

2. Despite the price alignment, the market exhibits slower sales velocity as indicated by a median days on market of 331, which may indicate longer negotiation cycles or targeted buyer segments rather than rapid turnover. moderate transaction velocity

3. Pricing intensity is supported by a median price per square foot of 178 alongside a median market rent of 1,300, which together suggest pricing is consistent with local rent levels and may sustain buyer interest for owner-occupiers and some investors. stable pricing signal

4. Macro and liquidity context is mixed: the price year-over-year trend is up while the market temperature is neutral and rent year-over-year trend is flat; combined with interest rate pressure described as moderate (local 30-year fixed rates averaging approximately 6.35%), this suggests a balanced market where sellers can achieve close-to-ask results but buyers will remain rate-sensitive. cautious momentum

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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.

Columbus, OH 43205 Real Estate Market Report

ZIP Code: 43205
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.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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 the 43205 area are averaging approximately 6.35%, reflecting a stable market environment for property owners compared to recent 2026 origination benchmarks.

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 primary market indicator is the $417,000 median sold price, which reflects recent transaction values and aligns with a price year-over-year trend of up, suggesting continued appreciation pressure in the neighborhood.

2. The 408 median days on market is unusually long and points to slower sales velocity; combined with the sample's characterization of relatively constrained active supply, this may indicate pricing friction where properties require more time on market to reach agreement.

3. Pricing efficiency appears mixed: the $275 median price per square foot together with a $1,250 median market rent and a rent year-over-year trend of flat suggests rent growth is not currently supporting faster price escalation, so sellers should prioritize pricing that reflects realized sales rather than aspirational listing prices.

4. Interest-rate context is material: local 30-year fixed mortgage rates are averaging approximately 6.35%, and interest rate pressure is assessed as moderate; agents and buyers should model affordability at this rate and sellers should be prepared for buyers to be rate-sensitive, which reinforces the need for transaction-ready pricing and clear value signaling.

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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.