Columbus, OH 43223 Real Estate Market Report

ZIP Code: 43223
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Columbus, OH (ZIP: 43223) stands at $180,000, reflecting a stable market environment. The neighborhood has increased up since 2023, indicating a positive trend in property values. Despite this, the market is experiencing elevated inventory levels, which may suggest a shift towards a more balanced state as buyers gain some leverage with longer median days on market at 196 days. This scenario indicates a potential for negotiation as the market adjusts to increased supply.

Overall, the market temperature is currently assessed as neutral, suggesting that while prices are appreciating, the balance between supply and demand is stabilizing. The median listing price of $185,450 indicates that sellers may still have high expectations, but the gap between listing and sold prices could create pricing friction. The local economy remains resilient, supported by significant manufacturing investments, which helps maintain market stability.

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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

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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 average around 6.029% compared to 6.85% one year ago, indicating a cost opportunity for refinancing 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. $180,000 is the median sold price, indicating a stable market with positive appreciation trends.

2. The median days on market is 196, suggesting slower sales velocity and potential negotiation opportunities for buyers.

3. The median listing price of $185,450 reflects seller expectations that may be higher than current market realities.

4. Market temperature is neutral, indicating a balanced state between supply and demand despite elevated inventory levels.

5. The median market rent is $1,426, which may indicate a growing rental demand in the area.

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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.