Real Estate Investing in Columbus, Ohio (43204)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43204 (Columbus, OH)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 9.4% vacancy may signal weakening demand.
What’s happening in Columbus, OH (43204)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43204 Columbus
Not every below-median market is a bargain. Columbus's 43204 ZIP sits at signals that favor experienced operators who can absorb the risk $202K pricing implies.
For an experienced owner, 43204 can be a an appealing option for hunting ground — but the discount at $202K reflects genuine risk that outside investors often underestimate.
Regionally, 43204 sits on the difficult end of the OH spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
The demographic picture in 43204 includes headwinds that any investor should price in. Income distribution skews lower than Columbus averages, and tenant stability requires active management.
Strategy in 43204 is an operator game, not a passive one. Looking more closely, entry prices of $202K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Columbus:
Property Strategy for 43204
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $171,092 | $1,090 | 4.6% | +8.1% | $171,092 |
| 2BR | $160,958 | $1,300 | 5.8% | +8.0% | $80,479 |
| 3BR | $210,618 | $1,560 | 5.3% | +7.3% | $70,206 |
| 4BR | $245,408 | $1,750 | 5.1% | +7.3% | $61,352 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43204 Compare?
| Metric | 43204 | Columbus | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $201,902 | $168,924 | N/A | $237,530 |
| 5-Year CAGR | 4.2% | 3.5% | N/A | 7.4% |
| Avg Rent | $1,379 | $1,426 | N/A | - |
| Cap Rate | 5.3% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43204 (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 | $201,902 |
| Monthly Rent | $1,379 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 Rent Trends
| 1-Year | -1.4% ▼ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +4.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). 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 43204
Population: 43,444
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 43204
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
Investor Insight: With 9,181 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which real estate strategy fits Columbus, OH?
Columbus, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($202K prices, $1,379/mo rents) make it a reasonable choice.
What is the renter demographic in Columbus, OH?
Tenant demand in Columbus, OH is solid. The local workforce $1,379/mo rents across most rental classes.
How much rent can I charge in Columbus, OH?
Average rent in Columbus, OH is approximately $1,379/mo per month. Against $202K home values that yields a reasonable rent-to-price ratio.
Do landlords face vacancy issues in Columbus, OH?
Occupancy in Columbus, OH runs reliable with elevated vacancy. Well-priced units at $1,379/mo lease on reasonable timelines.
What is the typical home price in Columbus, OH?
The median home value in Columbus, OH is roughly $202K. That puts it reasonable relative to the OH statewide average.
You know 43204 now. You don’t know where it ranks.
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How 43204 ranks in Columbus, OH
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