Columbus, OH 43223 Real Estate Market Report

ZIP Code: 43223
Report Date: March 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 $160,000, reflecting a stable market despite a slight annual price decline. The neighborhood has shown resilience with a year-over-year price trend that is up, indicating potential for future appreciation. This suggests that while current prices may not be escalating rapidly, there is a foundation for stability and growth in the long term.

Market activity reveals a slower transaction velocity, with properties experiencing a median of 280 days on market. This extended duration may indicate elevated inventory levels, as the supply appears to exceed sales activity. The overall market temperature is classified as neutral, suggesting a balanced environment where neither buyers nor sellers hold a distinct advantage. The property tax rate of 1.64% further contextualizes the financial landscape for potential buyers, contributing to the overall market dynamics.

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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 the Columbus OH 43223 area around 6.375% are slightly higher than the forecasted 2026 average of 6.3%, indicating property owners locked in a marginally favorable rate.

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 of $160,000 suggests a stable market, despite a slight annual price decline.

2. Properties are taking a median of 280 days on market, indicating slower sales velocity and potential pricing friction.

3. The median listing price of $169,500 reflects seller expectations that may not align with current buyer sentiment, contributing to extended market times.

4. The median market rent is $1,426, which may influence buyer decisions and rental investment strategies in the area.

5. Interest rate pressure is currently elevated, with mortgage rates around 6.375%, potentially impacting buyer affordability and overall market activity.

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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.