Zip Code 43228

Columbus, OHFranklin County

Real Estate Market Analysis

Q3 2025 Report
$235,000 (2025 est.)
Median Home Value
~56,000 (2025 est.)
Population
$57,400
Median Income
Hilliard City: A- (Niche 2025); Columbus City: C+ (state report card)
School District Rating

Market Statistics

Property Values

$235,000 (2025 est.)
Median Home Value
$1,350/mo (2025 est.)
Median Rent
$162 (2025 est.)
Price per Sq Ft

Market Performance

Home Appreciation4.1% year-over-year (2024-2025)
Market VelocityModerate; average days on market: 27
Foreclosure Rate0.7% (2025 est.)

Area Information

Area Sizeapprox. 18 sq mi
CountyFranklin
Primary CityColumbus

Housing Profile

Housing Statistics

Total Housing Units~21,000
Owner Occupied52%
Rental Properties48%
Vacant Units6%
New ConstructionActive, with several multifamily and single-family projects in progress (2024-2025)

Housing Types

Single-family homesTownhomesApartmentsDuplexes

Demographics

~56,000 (2025 est.)
Population
34.2
Median Age
$57,400
Median Income
94.1% (2025 est.)
Employment Rate
High school diploma or higher: 85%; Bachelor's degree or higher: 23%
Education Levels
Mix of families, young professionals, and retirees; average household size: 2.6
Family Composition

Education Quality

School District Performance

Hilliard City: A- (Niche 2025); Columbus City: C+ (state report card)
District Rating
School DistrictPrimarily Hilliard City School District; some Columbus City Schools
Test ScoresHilliard City: Above state average; Columbus City: Below state average
Graduation RatesHilliard City: 93%; Columbus City: 78%

Schools in Area

  • Hilliard Horizon Elementary School
  • Georgian Heights Alt Elementary School
  • Prairie Norton Elementary School
  • Washington Elementary School
  • Hoffman Trails Elementary School

Economic Factors

Employment & Business

Job Growth2.3% (2024-2025)
Unemployment Rate5.9% (2025 est.)
Business EnvironmentLogistics, warehousing, healthcare, and retail are strong sectors
Commercial ActivityActive, especially in logistics/industrial corridors

Major Employers

  • Amazon Fulfillment Center
  • FedEx Ground
  • OhioHealth
  • Columbus City Schools
  • Local logistics and warehousing firms

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-270
  • I-70
  • US-40
  • COTA public transit

Utilities & Services

  • Columbus Division of Power
  • Columbia Gas
  • City water/sewer

Quality of Life

Safety & Environment

Moderate; property crime above state average, violent crime near average for Columbus metro

Urban/suburban mix; air quality generally good, some noise near highways/industrial areas

Healthcare Access

  • OhioHealth Doctors Hospital
  • Multiple urgent care centers

Development Trends

Planned Developments

  • New apartment complexes near Georgesville Rd
  • Mixed-use retail/residential at West Broad St

Infrastructure Projects

  • Road widening on Sullivant Ave
  • COTA bus rapid transit expansion

Investment Outlook

Growth Outlook

Steady, driven by logistics and affordable housing demand

Investment Opportunities

  • Value-add multifamily
  • Single-family rentals
  • Small retail strip centers

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Young families
  • Logistics/warehouse workers
  • Investors seeking cash flow

Competitive Advantages

  • Lower price point than many Columbus suburbs
  • Proximity to major employers and highways
  • Diverse housing stock

Pricing Strategies

Competitive pricing below metro average; incentives for quick close

Common Objections & Response Strategies

Objection: Concerns about crime rates

Response Strategy:

Provide recent crime trend data, highlight neighborhood watch programs, and proximity to police stations

Objection: Mixed school district ratings

Response Strategy:

Emphasize Hilliard City School District zones and provide school performance data

Objection: Older housing stock in some areas

Response Strategy:

Showcase renovated properties and new construction options

Professional Recommendations

1

Map listings by school district to target family buyers

2

Highlight proximity to major employers and transit for workforce buyers

3

Promote new construction and renovated homes to address concerns about older stock

4

Provide detailed rental comps and cap rate analysis for investors

5

Address crime and school quality objections with data and local resources

Competitive Analysis

Comparable Markets

  • 43204 (Hilltop)
  • 43123 (Grove City)
  • 43228 vs. 43204: 43228 has better schools and newer retail; vs. 43123: 43228 is more affordable

Market Positioning

Best value for budget-conscious buyers seeking access to Columbus and logistics jobs

Competitive Advantages

  • Affordability
  • Access to highways and jobs
  • School district options

Price Comparison

~10% lower median home price than Franklin County average

Investment Metrics

6.2% (multifamily, 2025 est.)
Cap Rates
6.8% gross yield (2025 est.)
Rental Yields
14.5
Price-to-Rent
Strong for well-managed rentals, especially near logistics employers
Cash Flow
3.5-4.5% annually (2025-2027)
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability, FHA/VA loan options, and proximity to jobs; need education on school zones and property condition

Move-Up Buyers

Seek larger homes in Hilliard City School zones; motivated by new construction and family amenities

Downsizers

Prefer single-story homes or townhomes; value proximity to healthcare and shopping

Investors

Focus on rental yield, tenant demand from logistics sector, and value-add opportunities

Relocators

Drawn by job transfers (Amazon, FedEx); need guidance on neighborhoods and commute times

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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