How much is a home worth in ZIP code 43040?

The typical home in 43040 is worth $371,273, based on the Zillow Home Value Index.

Are home values rising in 43040?

Home values in 43040 are up 1.8% over the past year, and up 5.5% a year over five years.

What is the typical rent in 43040?

A typical home in 43040 rents for about $1,389 a month, a gross rental yield of 4.5%.

What is the property tax rate in 43040?

The effective property tax rate in 43040 is 1.2% — roughly $4,396 a year on a typical home.

ZIP code 43040 has a population of 38,990 and a median household income of $99,321.

HousingHandbookReference data

…

U.S. ZIP Code · OH43040

Union County · Columbus, OH

Typical home value

$371,273^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.8%
5-year / yr: +5.5%
10-year / yr: +6.4%

Relative price

vs U.S.: +30.7%
vs metro: +22.0%
vs state: +69.8%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 43040 is worth $371,273 — 22.0% above the Columbus, OH median. Over the past year, values have risen 1.8%. Homes here rent for a typical $1,389 a month — a 4.5% gross rental yield. The effective property tax rate is 1.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,389^[2]
Gross yield: 4.5%^[2]
Cap rate: 2.7%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.2%^[3]
Typical annual tax: $4,396^[3]

#Climate risk

FEMA National Risk Index ratings for Union County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Very Low^[4]
Riverine flood: Relatively Low
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Low
Hurricane: Very Low
Tornado: Relatively Low
Earthquake: Very Low
Winter weather: Relatively Low

#Who lives here

Population: 38,990^[3]
Median household income: $99,321^[3]

#Migration

Household moves in and out of Union County over a year, from IRS tax-return data.

Net migration: +589^[5]
Moved in: 2,625
Moved out: 2,036

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 8
Elementary: 4
Middle: 2
High: 2

Marysville High School
High · Grades 9–12 · Marysville Exempted Village
1,097 students
Bunsold Middle School
Middle · Grades 7–8 · Marysville Exempted Village
840 students
Creekview Intermediate Elementary School
Middle · Grades 5–6 · Marysville Exempted Village
819 students
Marysville STEM Early College High School
High · Grades 9–12 · Marysville Exempted Village
693 students
Northwood Elementary
Elementary · Grades K–4 · Marysville Exempted Village
617 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield4.5%

Net yield (after ~40% expenses)2.7%

Annual rent$16,665

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,877

Loan principal$297,018

Down payment$74,255

Total interest paid$378,830

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.84

Monthly cost to own$2,552

Monthly rent$1,389

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 56th percentile^[1]
Rental yield: 17th percentile^[2]
Property tax: 53rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 43040?: The typical home in 43040 is worth $371,273, based on the Zillow Home Value Index.
Are home values rising in 43040?: Home values in 43040 are up 1.8% over the past year, and up 5.5% a year over five years.
What is the typical rent in 43040?: A typical home in 43040 rents for about $1,389 a month, a gross rental yield of 4.5%.
What is the property tax rate in 43040?: The effective property tax rate in 43040 is 1.2% — roughly $4,396 a year on a typical home.
Who lives in 43040?: ZIP code 43040 has a population of 38,990 and a median household income of $99,321.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

43220 vs 43040 →
Upper Arlington, OH
Typical home
$368,201
Gross yield
4.4%
43201 vs 43040 →
Columbus, OH
Typical home
$361,418
Gross yield
5.0%
43046
Kirkersville, OH
Typical home
$381,993
Gross yield
—
43025
Hebron, OH
Typical home
$360,306
Gross yield
—
43026
Hilliard, OH
Typical home
$382,775
Gross yield
4.7%
43081
Westerville, OH
Typical home
$359,291
Gross yield
5.2%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 43040 against any other ZIP — full side-by-side table.

Compare 43040 →

#Jump to section

U.S. ZIP Code · OH43040

Get more data on ZIPs like this

Get more data on ZIPs like this