Real Estate Investing in Upper Arlington, Ohio (43220)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43220 (Upper Arlington, 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.
No major risk flags on the data we track.
What’s happening in Upper Arlington, OH (43220)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43220 Upper Arlington
ZIP 43220 in Upper Arlington, OH carries a impressive set of headwinds. Home values near $369K and rents of $1,334/mo sit inside a market where underwriting has to be tight.
Put differently, the numbers look inviting — $369K purchase price, 0.0% nominal cap — the work to hit that pro forma in 43220 is substantial and deserves full respect.
Statewide comparisons place 43220 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 43220 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Upper Arlington:
Property Strategy for 43220
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $146,715 | $1,240 | 6.1% | +4.6% | $146,715 |
| 2BR | $196,120 | $1,480 | 5.4% | +6.9% | $98,060 |
| 3BR | $459,225 | $1,770 | 2.8% | +6.5% | $153,075 |
| 4BR | $712,876 | $1,990 | 2.0% | +7.5% | $178,219 |
| 5BR | $981,635 | — | — | +8.0% | $196,327 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43220 Compare?
| Metric | 43220 | Upper Arlington | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $368,943 | $419,009 | N/A | $237,530 |
| 5-Year CAGR | 4.3% | 4.6% | N/A | 7.4% |
| Avg Rent | $1,334 | $1,611 | N/A | - |
| Cap Rate | 2.8% | 3.0% | - | - |
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 43220 (Upper Arlington, 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 | $368,943 |
| Monthly Rent | $1,334 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +3.7% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | -13.3% ▼ |
| 3-Year CAGR | -2.5% ▼ |
| 5-Year CAGR | +1.5% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 43220
Population: 29,715
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 43220
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Jones Middle School
Ridgeview Middle School
World Language Middle School
Colerain Elementary School
Barrington Road Elementary 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 1,049 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Upper Arlington, OH a smart market for rental property?
The 3.0/5 investability rating in Upper Arlington, OH reflects its $369K prices and $1,334/mo rents. Investors generally consider it a solid option within OH.
How much rent can I charge in Upper Arlington, OH?
Upper Arlington, OH rentals go for roughly $1,334/mo a month. That puts gross yield in solid territory relative to $369K acquisition costs.
How deep is the rental pool in Upper Arlington, OH?
The tenant pool in Upper Arlington, OH is solid, supported by local employment and population fundamentals. Rents of $1,334/mo are well-absorbed by the market.
What is the best play in Upper Arlington, OH?
Upper Arlington, OH investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($369K prices, $1,334/mo rents) make it a reasonable choice.
Does house hacking make sense in Upper Arlington, OH?
House hacking in Upper Arlington, OH is reasonable to execute. Prices around $369K and rents of $1,334/mo solid owner-occupant economics.
You know 43220 now. You don’t know where it ranks.
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How 43220 ranks in Columbus, OH
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