The story of this market
The typical home in ZIP 43227 sells for about $225,000, or $171 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 50 days to sell. HUD's fair market rent for a two-bedroom is $1,201 a month.
ZIP 43227 — Columbus
The 43227 housing market remains competitive with modest year-over-year price appreciation, driven by demand for affordable entry-level housing. Inventory remains tight, keeping the market in a seller's favor despite broader economic headwinds.
This ZIP is well-suited for first-time homebuyers and workforce commuters seeking more affordable entry points into the Columbus market compared to the northern suburbs.
Median prices moved up 3.2% year over year.
Homes spend a median of 50 days on market with 0.8 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.0% · poverty 27.7% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 43227, Franklin County OH
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by Columbus City Schools, which generally face challenges in state accountability ratings compared to suburban districts in the region.
The area is subject to standard Midwestern climate risks, including severe thunderstorms and occasional high winds; flood risk is localized to specific drainage basins.
The area benefits from proximity to the broader Columbus economic engine, including major logistics and healthcare employers, though it remains primarily a mature residential zone.
Property taxes are assessed by Franklin County based on market value; the rate includes levies for Columbus City Schools and municipal services.
Residents have direct access to I-70 and I-270, providing a standard commute to downtown Columbus and the Rickenbacker International Airport logistics hub.
The area features local community parks and is within a short drive of larger regional greenbelts and shopping centers along the East Main Street corridor.
The rental market is characterized by steady demand from workforce households, with vacancy rates influenced by the availability of older single-family stock and multi-family complexes.
The local economy is anchored by the broader Columbus logistics, healthcare, and government sectors, with significant employment hubs located near Rickenbacker Airport.
The area is served by a network of arterial roads connecting to I-70 and I-270, with limited public transit options provided by COTA.
Development is primarily focused on infill residential projects and commercial revitalization along major transit corridors.
The Franklin County Auditor manages property assessments, typically conducting triennial updates and sexennial reappraisals.
Parcels are subject to Columbus City School District taxes and various municipal service levies.
Property insurance premiums are stable but reflect regional exposure to wind and hail damage common in Central Ohio.
Ohio is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Ohio requires sellers to provide a Residential Property Disclosure Form detailing the condition of the home.
Data retrieved from data.census.gov ZCTA 43227 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Local educational anchor.
Primary commercial artery serving the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.