How much is a home worth in ZIP code 43227?

The typical home in 43227 is worth $198,624, based on the Zillow Home Value Index.

Are home values rising in 43227?

Home values in 43227 are down 2.5% over the past year, and up 6.4% a year over five years.

What is the typical rent in 43227?

A typical home in 43227 rents for about $1,500 a month, a gross rental yield of 9.1%.

What is the property tax rate in 43227?

The effective property tax rate in 43227 is 0.8% — roughly $1,495 a year on a typical home.

ZIP code 43227 has a population of 25,358 and a median household income of $48,159.

HousingHandbookReference data

…

U.S. ZIP Code · OH43227

Franklin County · Columbus, OH

Typical home value

$198,624^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -2.5%
5-year / yr: +6.4%
10-year / yr: +11.1%

Relative price

vs U.S.: -30.1%
vs metro: -34.8%
vs state: -9.2%

Price history

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

The typical home in 43227 is worth $198,624 — 34.8% below the Columbus, OH median. Over the past year, values have fallen 2.5%. Homes here rent for a typical $1,500 a month — a 9.1% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent: $1,500^[2]
Gross yield: 9.1%^[2]
Cap rate: 5.4%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $1,495^[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: 25,358^[3]
Median household income: $48,159^[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: 11
Elementary: 5
Middle: 2
High: 2

Patriot Preparatory Academy
Other · Grades K–12 · Patriot Preparatory Academy
729 students
Walnut Ridge High School
High · Grades 9–12 · Columbus City Schools District
727 students
Columbus Online Academy
Other · Grades K–12 · Columbus City Schools District
527 students
Scottwood Elementary School
Elementary · Grades PK–5 · Columbus City Schools District
472 students
Sherwood Middle School
Middle · Grades 6–8 · Columbus City Schools District
436 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 yield9.1%

Net yield (after ~40% expenses)5.4%

Annual rent$18,001

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$1,004

Loan principal$158,900

Down payment$39,725

Total interest paid$202,668

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 ratio0.86

Monthly cost to own$1,294

Monthly rent$1,500

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: 83rd percentile^[1]
Rental yield: 92nd percentile^[2]
Property tax: 7th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 43227?: The typical home in 43227 is worth $198,624, based on the Zillow Home Value Index.
Are home values rising in 43227?: Home values in 43227 are down 2.5% over the past year, and up 6.4% a year over five years.
What is the typical rent in 43227?: A typical home in 43227 rents for about $1,500 a month, a gross rental yield of 9.1%.
What is the property tax rate in 43227?: The effective property tax rate in 43227 is 0.8% — roughly $1,495 a year on a typical home.
Who lives in 43227?: ZIP code 43227 has a population of 25,358 and a median household income of $48,159.

#Comparable ZIPs

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

43224 vs 43227 →
Columbus, OH
Typical home
$201,843
Gross yield
7.0%
43204 vs 43227 →
Columbus, OH
Typical home
$203,528
Gross yield
8.4%
43219
Columbus, OH
Typical home
$190,282
Gross yield
8.1%
43157
Thurston, OH
Typical home
$190,002
Gross yield
—
43207
Columbus, OH
Typical home
$207,476
Gross yield
7.7%
43151
Midway, OH
Typical home
$184,544
Gross yield
—

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#Jump to section

U.S. ZIP Code · OH43227

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