Columbus, OH 43228 Real Estate Market Report

ZIP Code: 43228
Report Date: March 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

---

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.

---

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.

---

Rental Market

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Columbus OH average around 6.64% compared to the 2026 national average of 6.39%, meaning property owners locked in a more favorable rate earlier this year.

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

---

Key Findings

1. $238,700 is the median sold price, indicating a decline in home values in the area.

2. • The median days on market is 242, reflecting slower sales velocity and potential buyer leverage.
3. • Elevated inventory levels suggest excess supply relative to sales activity.
4. • The median market rent is $1,426, which may indicate a strong rental demand despite declining home prices.
5. • Interest rate pressure remains elevated, with current mortgage rates at 6.64%, challenging affordability for potential buyers.

---

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.