GemHausNew report

Market Snapshot

Median listing price
$179K

The median listing price in Columbus, OH ZIP 43227 is $179,450 as of June 2026.

Median rent
$1,250/mo

The median market rent in Columbus, OH ZIP 43227 is $1,250/month as of June 2026.

Days on market
268 days

The median days on market in Columbus, OH ZIP 43227 is 268 days as of June 2026. The market is currently neutral.

Gross rental yield
8.36%

At a median list price of $179,450 and a median rent of $1,250/month, the gross rental yield in Columbus, OH ZIP 43227 is 8.36% as of June 2026.

STR vs LTR
$951/mo STR · $1,250/mo LTR

In Columbus, OH ZIP 43227, median Airbnb revenue is $951/month compared to median long-term rent of $1,250/month as of June 2026.

Columbus, OH 43227 Real Estate Market Report

ZIP Code: 43227

Report Date: June 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.


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.

Analysis Window
90 Days
Total Properties Analyzed
65
Active Listings
12
Sold Properties
53

Market Metrics

Median Listing Price
$179,450
Median Sold Price
$177,000
Median Price per Sqft
$168/sqft

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.


Rental Market

Median Market Rent
$1,250

Property Taxes

Property Tax Rate
1.30%

Liquidity & Velocity

Median Days on Market
268
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
down
Market Temperature
neutral
Rent YoY Trend
down
Interest Rate Pressure
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Columbus, OH 43227 market average 6.63%, reflecting a period of relative stability compared to the broader fluctuations seen earlier in 2026.

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


Key Findings

  1. The primary indicator of recent market value is the median sold price 177,000, which represents the most reliable signal of transaction activity in the ZIP; the small gap between the median listing price 179,450 and the median sold price 177,000 suggests modest seller concession and may indicate buyer negotiation power as inventory has been increasing.
  2. The market shows cooling pressure on prices with the price year-over-year trend down; combined with a median days on market 268, this points to slower sales velocity and potential pricing friction rather than rapid turnover.
  3. Financing and carrying-cost dynamics are a headwind: interest rate pressure elevated and local 30-year fixed rates averaging 6.63% may constrain buyer purchasing power and could prolong time-to-sale in price-sensitive segments; act cautiously on acquisition timing and underwriting assumptions.
  4. Rental performance appears soft in aggregate: the rent year-over-year trend down alongside a median market rent 1,250 implies limited near-term upside from rental income—consider conservative rent assumptions for investment underwriting and focus on properties with strong value-add potential.

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.

Recent Transactions

4382 E Fulton St, Columbus, OH 43227
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds1 baths930 sqft
$305,000
May 1, 2026
$328/sqft/sqft
1470 Efner Dr, Columbus, OH 43227
Market Benchmark

Sold at market average

4 beds2 baths1,666 sqft
$276,000
May 1, 2026
$166/sqft/sqft
264 days on market
4636 Dundee Ave, Columbus, OH 43227
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds1 baths1,284 sqft
$160,000
Mar 1, 2026
$125/sqft/sqft
5 days on market
3941 Chrisview Dr, Columbus, OH 43227
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds1 baths1,334 sqft
$156,000
Mar 1, 2026
$117/sqft/sqft
3285 Scottwood Rd, Columbus, OH 43227
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds1 baths1,092 sqft
$155,000
Mar 1, 2026
$142/sqft/sqft
103 days on market
4701 Janis Dr, Columbus, OH 43227
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

3 beds1 baths1,320 sqft
$153,000
May 1, 2026
$116/sqft/sqft
225 days on market
3784 E Deshler Ave, Columbus, OH 43227
Value

Below-market acquisition. Investor purchase with value-add potential through renovation.

2 beds1 baths918 sqft
$126,400
May 1, 2026
$138/sqft/sqft
17 days on market
835 Ruby Ave, Columbus, OH 43227
Value

Sold below market average

3 beds1 baths1,200 sqft
$75,000
May 1, 2026
$63/sqft/sqft

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

$109/mo
43227 Avg Rent
43227 Cost to Own
Rent$1,250
Own$1,141

20% down, 6.53% rate, 1.3% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

43227 Avg nightly rate
43227 Avg occupancy (days/year)
Nightly rate$101/night
Occupancy125 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

GemHaus

Get personalized market intelligence

Analyze properties in Columbus, OH with valuations, rental estimates, highest-and-best-use signals, and operating costs.

Nearby Market Reports