Real Estate Investing in Columbus, Ohio (43202)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43202 (Columbus, OH)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Declining values: -0.2% 5-year CAGR — values have moved lower.
What’s happening in Columbus, OH (43202)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43202 Columbus
Investors eyeing 43202 need to respect the fundamentals at play. Home values of $326K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 43202 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 43202's metrics run below Franklin County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 43202 ZIP's population of 20,059 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
New investors are better served looking at Columbus's stable or hybrid ZIPs before stepping into 43202. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Columbus:
Property Strategy for 43202
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $268,414 | $1,380 | 3.7% | +6.2% | $134,207 |
| 3BR | $349,336 | $1,650 | 3.4% | +2.2% | $116,445 |
| 4BR | $387,324 | $1,860 | 3.5% | +2.0% | $96,831 |
| 5BR | $408,162 | — | — | +1.5% | $81,632 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43202 Compare?
| Metric | 43202 | Columbus | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $325,819 | $168,924 | N/A | $237,530 |
| 5-Year CAGR | N/A | 3.5% | N/A | 7.4% |
| Avg Rent | $1,518 | $1,426 | N/A | - |
| Cap Rate | 3.6% | 4.7% | - | - |
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 43202 (Columbus, OH). Anonymous, moderated, never written by AI.
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Property managers serving Franklin County
Manage rentals here? List your business →Associa RPM provides comprehensive HOA and condominium management services in the greater Columbus, Dublin, Cincinnati, and Dayton areas of Ohio. summary from their website
Heart & Home Property Management offers services for single-family homes and multi-family properties in Columbus, including rentals and owner support. summary from their website
SBS Property Management provides management, maintenance, inspections, finances, and communications for Condominium and Homeowner Associations across Ohio. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $325,819 |
| Monthly Rent | $1,518 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 3.5% |
📈 Home Appreciation
| 1-Year | -2.1% ▼ |
| 3-Year CAGR | -3.6% ▼ |
| 5-Year CAGR | -0.2% ▼ |
| 10-Year CAGR | +3.7% ▲ |
🏠 Rent Trends
| 1-Year | -9.7% ▼ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +1.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 43202
Population: 20,059
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 43202
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Westwood Preparatory Academy
Grandview Heights High School
Huy/A.G. Bell Elementary School
Medina Middle School
Ridgeview Middle School
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
Investor Insight: With 9,181 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is the tenant base reliable in Columbus, OH?
Tenant demand in Columbus, OH is solid. The local workforce $1,518/mo rents across most rental classes.
Does Columbus, OH make sense for an investment property?
With a 2.0/5 investability score, Columbus, OH ranks as a solid market for rental property investors. Median prices of $326K and rents of $1,518/mo drive the underlying numbers.
What is the typical home price in Columbus, OH?
Homes in Columbus, OH typically sell near $326K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
What type of investing works in Columbus, OH?
A careful cash-flow rentals with hands-on management strategy Columbus, OH best. The market produces predictable results for that approach at the $326K price point.
Is rental property easy to operate in Columbus, OH?
The landlord environment in Columbus, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 43202 now. You don’t know where it ranks.
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How 43202 ranks in Columbus, OH
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