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Zip Code 43223

Columbus, OH • Franklin County

Real Estate Market Analysis

Q3 2025 Report
$159,685 (Zillow, Feb 2025)
Median Home Value
Estimated 5.64% growth since 2018
Population
$45,902
Median Income
Below state average; some schools improving
School District Rating

Market Statistics

Property Values

$159,685 (Zillow, Feb 2025)
Median Home Value
$1,040/month (2025)
Median Rent
$167 (June 2025)
Price per Sq Ft

Market Performance

Home Appreciation6.1% (past year); 18.58% annual average since 2016
Market VelocityBalanced; increased inventory and steady buyer interest (May-June 2025)
Foreclosure RateNot specified; generally low to moderate

Area Information

Area SizeSouth Central Hilltop and surrounding neighborhoods
CountyFranklin
Primary CityColumbus

Housing Profile

Housing Statistics

Total Housing UnitsNot specified; primarily single-family homes with some multifamily
Owner OccupiedNot specified; area is a mix of owner-occupied and rentals
Rental PropertiesSignificant proportion; affordability attracts renters
Vacant UnitsNot specified; vacancy rates are moderate, reflecting balanced market
New ConstructionOngoing revitalization and infrastructure improvements; some new builds and renovations

Housing Types

Single-family homesDuplexesSmall multifamilyOlder housing stock with some new construction

Demographics

Estimated 5.64% growth since 2018
Population
Not specified; area trends younger than Columbus average
Median Age
$45,902
Median Income
Job growth of 11.61% over past decade
Employment Rate
Not specified; likely below city average, with opportunities for improvement
Education Levels
Mix of families, singles, and working-class households
Family Composition

Education Quality

School District Performance

Below state average; some schools improving
District Rating
School DistrictColumbus City Schools
Test ScoresBelow state average; varies by school
Graduation RatesBelow state average

Schools in Area

  • West High School
  • Hilltonia Middle School
  • Local elementary schools

Economic Factors

Employment & Business

Job Growth11.61% over past decade
Unemployment RateNot specified; likely slightly above city average
Business EnvironmentGrowing small business presence; revitalization attracting new enterprises
Commercial ActivityIncreasing, with new retail and service businesses

Major Employers

  • Trade, transportation & utilities
  • Business & professional services
  • Government

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • Easy access to downtown Columbus
  • • Major highways (I-70, I-71)
  • • Public transit routes

Utilities & Services

  • • Standard city utilities (water, sewer, electric, gas)

Quality of Life

Safety & Environment

Low to medium intensity; higher in some pockets but improving

Urban; some revitalization improving green space and cleanliness

Healthcare Access

  • • Nearby clinics and hospitals
  • • Primary care and urgent care within short drive

Development Trends

Planned Developments

  • Neighborhood revitalization projects
  • Infrastructure upgrades

Infrastructure Projects

  • • Road and utility improvements
  • • Park renovations

Investment Outlook

Growth Outlook

Positive; steady population and job growth, ongoing investment

Investment Opportunities

  • • Value-add single-family and multifamily rentals
  • • Fix-and-flip opportunities
  • • Affordable entry points for first-time investors

Marketing Intelligence

Target Demographics

  • First-time homebuyers
  • Working-class families
  • Investors seeking cash flow
  • Renters seeking affordability

Competitive Advantages

  • Lower entry price than nearby zip codes
  • Strong appreciation and rent growth
  • Easy downtown access

Pricing Strategies

Competitive pricing below city median; value positioning for both buyers and investors

Common Objections & Response Strategies

Objection: Concerns about crime rates

Response Strategy:

Highlight ongoing improvements, community policing, and revitalization efforts

Objection: School quality concerns

Response Strategy:

Point to improving schools, after-school programs, and proximity to alternative education options

Objection: Older housing stock

Response Strategy:

Emphasize renovation activity, value-add potential, and lower price points

Objection: Perceived lack of amenities

Response Strategy:

Showcase new businesses, parks, and community programs

Professional Recommendations

1

Emphasize affordability and investment upside in marketing

2

Educate buyers on renovation loans and local grant programs

3

Network with local businesses and community organizations to highlight neighborhood improvements

4

Target investors with data on appreciation, rent growth, and cap rates

5

Stay informed on development projects and zoning changes to advise clients

Competitive Analysis

Comparable Markets

  • 43204 (Hilltop)
  • 43206 (Merion Village)
  • 43207 (South Side)

Market Positioning

Affordable, up-and-coming neighborhood with strong rental and appreciation potential

Competitive Advantages

  • Lower prices than adjacent zip codes
  • Higher appreciation rates
  • Proximity to downtown

Price Comparison

Median home value ($159,685) is well below Columbus city median ($324,999)

Investment Metrics

Estimated 7-9% for well-managed rentals
Cap Rates
Strong; median rent is 27% of median income
Rental Yields
~12-13 (favorable for investors)
Price-to-Rent
Good, especially for value-add and renovated properties
Cash Flow
Continued above-average appreciation expected with ongoing development
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability and proximity to jobs; may need education on renovation and financing options

Move-Up Buyers

Less common; may seek larger homes or renovated properties

Downsizers

Occasional; may be drawn by low costs and community feel

Investors

Strong interest due to cash flow and appreciation potential

Relocators

Appealed by value and access to downtown

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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