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Columbus city, OH

ZIP 43240 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 43240

Median Home Value
$289,800
Median Rent
$1,308
Affordability Snapshot
$80,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,862/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.3x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

18.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 43240 in Columbus city, OH, a household would need roughly $80,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,862. That is roughly in line with the local median household income ($87,389). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
25.2%-62% vs US avg
x
Vacancy Rate
5.4%-47% vs US avg
x
Broadband Access
95.6%+10% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
3.8%-45% vs US avg
x
Rent Burden >30%
10.7%-78% vs US avg
x
Mortgage-Free
35.5%-7% vs US avg
x
$289,800
Home Value
$1,308
Rent
2006
Year Built
2019
Moved In

Residents have lived here since ~2019 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached22.0%
  • 1-unit attached8.6%
  • 2-9 units16.8%
  • 10+ units52.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$289,800
Median rent$1,308
Owner-occupied25.2%
Vacant5.4%
Price-to-income3.3x
Est. income to buy$80,000