Real Estate Investing in Pickerington, Ohio (43147)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43147 (Pickerington, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Pickerington, OH (43147)?
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Market Analysis: 43147 Pickerington
The 43147 ZIP in Pickerington, OH is a local-operator market. Outside capital chasing a $425K entry has to pair deep knowledge with the discount.
The 43147 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 43147 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 43147 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 43147 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Pickerington:
Property Strategy for 43147
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $251,996 | $1,830 | 5.2% | +8.3% | $125,998 |
| 3BR | $364,155 | $2,190 | 4.3% | +7.5% | $121,385 |
| 4BR | $439,545 | $2,470 | 4.0% | +7.4% | $109,886 |
| 5BR | $569,719 | — | — | +7.5% | $113,944 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43147 Compare?
| Metric | 43147 | Pickerington | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $424,837 | $424,837 | N/A | $237,530 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 7.4% |
| Avg Rent | $2,235 | $2,235 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43147 (Pickerington, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $424,837 |
| Monthly Rent | $2,235 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +3.0% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 43147
Population: 45,929
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 43147
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are rents high in Pickerington, OH?
Pickerington, OH rentals go for roughly $2,235/mo a month. That puts gross yield in solid territory relative to $425K acquisition costs.
How do landlord-tenant laws work in Pickerington, OH?
OH ranks as a landlord-friendly state for landlord-tenant law. Pickerington generally follows the statewide framework, so landlords face reasonable operating rules.
Is vacancy a concern in Pickerington, OH?
Rental vacancy in Pickerington, OH is elevated. Investors should budget normal turnover but not chronic empty units.
Does house hacking make sense in Pickerington, OH?
House hacking works a challenging in Pickerington, OH. Rents of $2,235/mo against $425K acquisition make the strategy solid for owner-occupants.
Is Pickerington, OH a good market for buy-and-hold investors?
Investors tracking Pickerington, OH will find a 3.0/5 rating supported by $425K median home values and $2,235/mo rents. That profile suits long-term holders targeting reliable returns.
You know 43147 now. You don’t know where it ranks.
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How 43147 ranks in Columbus, OH
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