Real Estate Investing in Columbus, Ohio (43224)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 43224 (Columbus, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated poverty: 20.6% poverty rate — can affect rent collection.
What’s happening in Columbus, OH (43224)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 43224 Columbus
Investors eyeing 43224 need to respect the fundamentals at play. Home values of $203K come alongside slower price movement and elevated management overhead.
The 43224 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Statewide comparisons place 43224 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
On the rental side, 44,096 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 43224 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Columbus:
Property Strategy for 43224
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $100,075 | $990 | 7.1% | +4.7% | $100,075 |
| 2BR | $152,089 | $1,190 | 5.6% | +9.2% | $76,045 |
| 3BR | $206,098 | $1,430 | 5.0% | +7.8% | $68,699 |
| 4BR | $244,205 | $1,600 | 4.7% | +8.3% | $61,051 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43224 Compare?
| Metric | 43224 | Columbus | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $203,177 | $168,924 | N/A | $237,530 |
| 5-Year CAGR | 5.7% | 3.5% | N/A | 7.4% |
| Avg Rent | $1,180 | $1,426 | N/A | - |
| Cap Rate | 4.5% | 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 43224 (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 | $203,177 |
| Monthly Rent | $1,180 |
| Price-to-Rent | 14.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.7% ▲ |
| 10-Year CAGR | +10.2% ▲ |
🏠 Rent Trends
| 1-Year | -4.7% ▼ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.5%). 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 43224
Population: 44,096
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 43224
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 1,049 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do landlords charge for rent in Columbus, OH?
Rent in Columbus, OH is around $1,180/mo. The resulting rent-to-value relationship with $203K pricing is reasonable for most investor models.
What is the average home sale price in Columbus, OH?
Expect median prices around $203K in Columbus, OH. The market has run at a 0.0% 5-year CAGR, so entry costs have been even-keeled.
How high is vacancy risk in Columbus, OH?
Vacancy risk in Columbus, OH is elevated. That supports measured cash flow for typical rental holds.
Is Columbus, OH better for rentals, flips, or BRRRR?
For Columbus, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Is real estate in Columbus, OH a good investment right now?
Columbus, OH scores 3.0/5 for investability. Home values sit at $203K and rents near $1,180/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 43224 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 43224 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 43224 ranks in Columbus, OH
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