Columbus, OH 43228 Real Estate Market Report

ZIP Code: 43228
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: 43228) is characterized by a median sold price of $249,900, reflecting a recent downward trend in property values. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics that may be impacting buyer sentiment. Elevated inventory levels and a median days on market of 180 suggest a slower sales velocity, contributing to a somewhat competitive environment that leans slightly toward buyers.

Despite the challenges in the sales segment, the rental market shows resilience, with a median market rent of $1,426, which has been trending up year-over-year. This divergence between the rental and sales markets may indicate a growing demand for rental properties, potentially driven by elevated interest rate pressure, which currently stands at 5.75% for 30-year fixed mortgages, slightly below the recent average of 6.25%. Overall, the market appears to be navigating a transitional phase, with modest appreciation expected in the future.

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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 43228 area at 5.75% are lower than the recent 2026 average of 6.25%, 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 of $249,900 indicates a decrease in property values, down 8% since 2022.

2. With a median days on market of 180, the market is experiencing slower sales velocity, suggesting potential pricing friction for sellers.

3. The median listing price of $277,000 presents a notable gap compared to the sold price, indicating pricing challenges for sellers in the current market.

4. The median market rent has increased to $1,426, reflecting a growing rental demand despite the declining sales prices.

5. Current interest rates at 5.75% are moderate compared to the recent average of 6.25%, providing a favorable refinancing window for property owners.

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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.