Real Estate Investing in Bexley, Ohio (43209)
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Should you buy in 43209 (Bexley, OH)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 26.0 — hard to cash-flow at these prices.
What’s happening in Bexley, OH (43209)?
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Market Analysis: 43209 Bexley
Put differently, ZIP 43209 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $410K median. It rewards specialists, not generalists.
For an experienced owner, 43209 can be a a strong candidate for hunting ground — but the discount at $410K reflects genuine risk that outside investors often underestimate.
Within OH, ZIP 43209 trails on several market indicators that neighboring Franklin County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Employment concentration in 43209 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. sturdy returns are possible in 43209, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Bexley:
Property Strategy for 43209
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $227,938 | $1,340 | 4.2% | +6.4% | $113,969 |
| 3BR | $370,657 | $1,610 | 3.1% | +6.6% | $123,552 |
| 4BR | $582,977 | $1,810 | 2.2% | +6.7% | $145,744 |
| 5BR | $1,106,427 | — | — | +7.9% | $221,285 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43209 Compare?
| Metric | 43209 | Bexley | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $409,983 | $409,983 | N/A | $237,530 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 7.4% |
| Avg Rent | $1,313 | $1,313 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
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 43209 (Bexley, 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 | $409,983 |
| Monthly Rent | $1,313 |
| Price-to-Rent | 26.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 Rent Trends
| 1-Year | -4.8% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 43209
Population: 28,431
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 43209
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 8,161 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Bexley, OH make sense for an investment property?
The 3.0/5 investability rating in Bexley, OH reflects its $410K prices and $1,313/mo rents. Investors generally consider it a solid option within OH.
What is the average home sale price in Bexley, OH?
Typical homes in Bexley, OH go for around $410K. The 5-year CAGR of 0.0% steady price movement.
Which real estate strategy fits Bexley, OH?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Bexley, OH. The numbers - $410K homes against $1,313/mo rents - support that play.
Is Bexley, OH a friendly market for rental owners?
For rental operators, Bexley, OH rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How tight is the rental market in Bexley, OH?
Vacancy risk in Bexley, OH is elevated. That supports consistent cash flow for typical rental holds.
You know 43209 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 43209 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 43209 ranks in Columbus, OH
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