Real Estate Investing in Upper Arlington, Ohio (43221)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43221 (Upper Arlington, 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 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 (43221)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43221 Upper Arlington
From an investor standpoint, ZIP 43221 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $469K median. It rewards specialists, not generalists.
For an experienced owner, 43221 can be a worth a close look for hunting ground — but the discount at $469K reflects genuine risk that outside investors often underestimate.
In the broader OH picture, 43221 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 43221 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 43221
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $165,736 | $1,460 | 6.3% | +6.1% | $165,736 |
| 2BR | $262,997 | $1,750 | 4.8% | +5.4% | $131,499 |
| 3BR | $438,862 | $2,100 | 3.4% | +6.1% | $146,287 |
| 4BR | $681,996 | $2,360 | 2.5% | +7.1% | $170,499 |
| 5BR | $1,147,891 | — | — | +7.8% | $229,578 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43221 Compare?
| Metric | 43221 | Upper Arlington | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $469,074 | $419,009 | N/A | $237,530 |
| 5-Year CAGR | 4.8% | 4.6% | N/A | 7.4% |
| Avg Rent | $1,888 | $1,611 | N/A | - |
| Cap Rate | 3.1% | 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 43221 (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 | $469,074 |
| Monthly Rent | $1,888 |
| Price-to-Rent | 20.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | -3.2% ▼ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | +3.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). 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 43221
Population: 35,037
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 43221
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Burbank Early Childhood School
Ecole Kenwood French Immersion
Greensview Elementary School
Winterset Elementary School
Centennial High 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
How does Upper Arlington, OH stack up for property investment?
Upper Arlington, OH reports an investability rating of 3.0/5, with median home values near $469K and average rents around $1,888/mo. That combination puts it in the sturdy tier for investor interest.
What is the rental occupancy rate in Upper Arlington, OH?
Occupancy in Upper Arlington, OH runs stable with elevated vacancy. Well-priced units at $1,888/mo lease on reasonable timelines.
Does Upper Arlington, OH favor landlords or tenants?
Rental owners in Upper Arlington, OH deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is it easy to find good tenants in Upper Arlington, OH?
Tenant demand in Upper Arlington, OH is solid. The local workforce $1,888/mo rents across most rental classes.
What strategy should investors use in Upper Arlington, OH?
A careful cash-flow rentals with hands-on management strategy Upper Arlington, OH best. The market produces reliable results for that approach at the $469K price point.
You know 43221 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 43221 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 43221 ranks in Columbus, OH
Every ZIP in this metro, ranked. Free.
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