The story of this market
The typical home in ZIP 43240 sells for about $381,000, or $209 per square foot.
Prices are up +2.3% from a year ago, so sellers still have some momentum. Homes take about 23 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,484 a month.
ZIP 43240 — Columbus
The 43240 housing market remains a competitive seller's market, characterized by steady demand and limited inventory. Prices continue to show modest year-over-year growth, supported by the area's strong economic fundamentals and appeal to families.
This ZIP is well-suited for families and commuters seeking a balance of suburban living and accessibility to the Columbus metropolitan core.
Median prices moved up 2.3% year over year.
Homes spend a median of 23 days on market with 2.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.9% · poverty 8.4% — a stable, low-distress 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 6.6%/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 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 43240, 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.
Crime rates in the area are generally considered stable and consistent with suburban Columbus patterns, though specific neighborhood-level trends fluctuate.
Schools serving the area are part of the Columbus City School District, which maintains a diverse range of academic and extracurricular programming.
The area faces standard Midwestern climate risks, primarily related to severe thunderstorms and occasional high winds, with minimal flood risk in most residential zones.
The area benefits from proximity to major Columbus employment hubs and ongoing infrastructure improvements, supporting steady residential demand.
Property taxes are assessed by the county based on appraised value, with rates determined by local school district levies and municipal millage.
Residents typically enjoy a commute of approximately 21 minutes, with convenient access to major highway corridors leading into downtown Columbus.
The area features several local parks and green spaces, with proximity to regional shopping centers and dining districts within a short drive.
The rental market is characterized by steady demand and low vacancy rates, driven by the area's accessibility and proximity to employment centers.
The local economy is anchored by the broader Columbus metropolitan area, with strong representation in education, healthcare, and government sectors.
The area is served by major arterial roads and highway access, facilitating efficient travel throughout the Columbus region.
Development planning focuses on maintaining residential character while supporting necessary infrastructure upgrades.
The Franklin County Auditor manages property assessments, ensuring valuations align with market trends.
Parcels are subject to standard municipal and school district levies, with no major special assessment districts reported.
Property insurance remains stable, with premiums reflecting standard regional hazard profiles.
The state continues to see positive net domestic migration, driven by economic growth in the Columbus metro area.
Ohio operates as a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a residential property disclosure form detailing the condition of the home.
Data retrieved from Census Reporter and ACS 2024 tables.
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.
- Columbus Zoo and Aquarium4.77.5 mi
- Zoombezi Bay4.47.5 mi
- Scene75 Entertainment Center I Columbus4.39.4 mi
- Dave & Buster's Hilliard4.111 mi
- K1 Speed Columbus-Hilliard3.710.6 mi
- Ohio Stadium4.79.9 mi
- Nationwide Arena4.712 mi
- Greater Columbus Convention Center4.511.8 mi
- Ohio Expo Center & State Fairgrounds4.49.8 mi
- Franklin Park Conservatory and Botanical Gardens4.812.2 mi
- Columbus Zoo and Aquarium4.77.5 mi
- Easton Town Center4.57.1 mi
- Center of Science and Industry (COSI)4.412.7 mi
- Franklin Park Conservatory and Botanical Gardens4.812.2 mi
- Zoombezi Bay4.47.5 mi
- Center of Science and Industry (COSI)4.412.7 mi
- Otherworld4.616.9 mi
- Columbus Museum of Art4.712.3 mi
- Ohio Theatre4.812.6 mi
- Ohio Statehouse4.612.5 mi
- Columbus Zoo and Aquarium4.77.5 mi
- Franklin Park Conservatory and Botanical Gardens4.812.2 mi
- Alum Creek State Park Beach4.53.4 mi
- Highbanks Metro Park4.82.8 mi
- Goodale Park4.711.6 mi
- Alum Creek Marina4.44.7 mi
- Topgolf Columbus4.30.9 mi
- Westerville Golf Center - Driving Range4.62.9 mi
- Champions Golf Course4.16.7 mi
- Golf Club of Dublin4.211.1 mi
- Glenross Golf Club4.37.4 mi
- Easton Town Center4.57.1 mi
- Tanger Outlets Columbus4.58.6 mi
- Polaris Fashion Place4.50.4 mi
- North Market Downtown4.711.8 mi
- Tensuke Market, llc4.87.4 mi
- John Glenn Columbus International Airport4.310.9 mi
- Rickenbacker International Airport4.422.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides walking trails and recreational facilities for residents.
Offers a variety of retail and dining options within easy reach.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.