Columbus, OH 43206 Real Estate Market Report

ZIP Code: 43206
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Columbus, OH (ZIP: 43206) is characterized by a median sold price of $299,900, reflecting a stable market despite localized variations. The neighborhood has decreased 8% since 2022, indicating a slight depreciation in property values. This trend suggests that while the broader Columbus area may be experiencing upward pressure on home prices, the specific dynamics in this ZIP code are more complex, warranting close attention from potential buyers and sellers alike.

Market activity shows elevated inventory levels, with 185 median days on market, which points to slower transaction velocity. The median listing price stands at $282,337.50, creating a notable gap between asking and sold prices. This discrepancy may indicate pricing friction, suggesting that sellers may need to adjust expectations to align with current market realities. Overall, the market temperature is assessed as neutral, reflecting a balance between supply and demand, though prime properties continue to favor 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

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 Columbus OH around 5.875% are 0.78% lower than the 6.65% average seen a year ago, presenting a favorable refinancing window for property owners.

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 $299,900, indicating a slight depreciation in property values of 8% since 2022.

2. With a median days on market of 185, the market is experiencing slower sales velocity, suggesting a need for strategic pricing adjustments.

3. The median listing price of $282,337.50 reflects a significant gap compared to the sold price, indicating potential pricing friction for sellers.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may pressure sellers to reconsider their pricing strategies.

5. The median market rent of $1,426 is on the rise, indicating a strengthening rental market that could influence buyer decisions.

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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.