How much is a home worth in ZIP code 43223?

The typical home in 43223 is worth $170,130, based on the Zillow Home Value Index.

Are home values rising in 43223?

Home values in 43223 are down 2.7% over the past year, and up 3.4% a year over five years.

What is the typical rent in 43223?

A typical home in 43223 rents for about $1,441 a month, a gross rental yield of 10.2%.

What is the property tax rate in 43223?

The effective property tax rate in 43223 is 1.2% — roughly $2,080 a year on a typical home.

ZIP code 43223 has a population of 28,187 and a median household income of $46,911.

HousingHandbookReference data

…

U.S. ZIP Code · OH43223

Franklin County · Columbus, OH

Typical home value

$170,130^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.7%
5-year / yr: +3.4%
10-year / yr: +9.9%

Relative price

vs U.S.: -40.1%
vs metro: -44.1%
vs state: -22.2%

Price history

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

The typical home in 43223 is worth $170,130 — 44.1% below the Columbus, OH median. Over the past year, values have fallen 2.7%. Homes here rent for a typical $1,441 a month — a 10.2% 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: $1,441^[2]
Gross yield: 10.2%^[2]
Cap rate: 6.1%^[2]

#Property tax

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

Effective tax rate: 1.2%^[3]
Typical annual tax: $2,080^[3]

#Climate risk

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

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

#Who lives here

Population: 28,187^[3]
Median household income: $46,911^[3]

#Migration

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

Net migration: -2,523^[5]
Moved in: 33,069
Moved out: 35,592

Schools

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

Public schools: 12
Elementary: 8
Middle: 2
High: 2

Briggs High School
High · Grades 9–12 · Columbus City Schools District
976 students
Finland Middle School
Middle · Grades 7–8 · South-Western City
641 students
Franklin Woods Intermediate School
Middle · Grades 5–6 · South-Western City
624 students
Finland Elementary School
Elementary · Grades K–4 · South-Western City
368 students
Highland Elementary School
Elementary · Grades PK–5 · Columbus City Schools District
294 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 yield10.2%

Net yield (after ~40% expenses)6.1%

Annual rent$17,296

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$860

Loan principal$136,104

Down payment$34,026

Total interest paid$173,594

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 ratio0.82

Monthly cost to own$1,175

Monthly rent$1,441

Owning 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: 17th percentile^[1]
Rental yield: 98th percentile^[2]
Property tax: 59th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 43223?: The typical home in 43223 is worth $170,130, based on the Zillow Home Value Index.
Are home values rising in 43223?: Home values in 43223 are down 2.7% over the past year, and up 3.4% a year over five years.
What is the typical rent in 43223?: A typical home in 43223 rents for about $1,441 a month, a gross rental yield of 10.2%.
What is the property tax rate in 43223?: The effective property tax rate in 43223 is 1.2% — roughly $2,080 a year on a typical home.
Who lives in 43223?: ZIP code 43223 has a population of 28,187 and a median household income of $46,911.

#Comparable ZIPs

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

43036 vs 43223 →
Magnetic Springs, OH
Typical home
$171,127
Gross yield
—
44833 vs 43223 →
Galion, OH
Typical home
$172,443
Gross yield
5.3%
43156
Tarlton, OH
Typical home
$167,704
Gross yield
—
43222
Columbus, OH
Typical home
$174,234
Gross yield
9.7%
43764
New Lexington, OH
Typical home
$177,962
Gross yield
—
43321
Fulton, OH
Typical home
$184,248
Gross yield
—

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#Jump to section

U.S. ZIP Code · OH43223

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