Columbus, OH 43227 Real Estate Market Report

ZIP Code: 43227
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: 43227) is $210,000, reflecting recent transaction activity in a market that has shown a downward price trend. This suggests a potential shift in buyer sentiment and market dynamics, as the median listing price stands at $219,500, indicating a $9,500 gap between asking and selling prices. The market appears to be experiencing slower sales velocity, with properties spending a median of 217 days on the market.

Despite the broader Columbus metro market exhibiting a slightly upward price trend, the localized conditions in this ZIP code indicate a more balanced environment, characterized by elevated inventory levels relative to sales activity. The current mortgage rates, averaging between 5.875% to 6.375%, are lower than the previous year's rates, which may support future market activity, but the overall market temperature remains neutral, suggesting caution among buyers and sellers alike.

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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 for property owners in Columbus OH are averaging around 5.875% to 6.375%, which is notably lower than the 6.87% average seen a year ago.

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 $210,000 indicates a potential gap between seller expectations and buyer willingness to pay, as reflected in the $219,500 median listing price.

2. Properties are taking a median of 217 days on the market, suggesting a slower sales velocity and potential pricing friction in the current market.

3. Elevated inventory levels are evident, with active listings outpacing sales, indicating excess supply relative to sales activity.

4. The median market rent of $1,426 suggests a stable rental environment, which may influence buyer demand in the area.

5. Current mortgage rates, ranging from 5.875% to 6.375%, are lower than last year's rates, which could encourage future market activity despite the neutral market temperature.

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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.