How much is a home worth in ZIP code 43231?

The typical home in 43231 is worth $274,766, based on the Zillow Home Value Index.

Are home values rising in 43231?

Home values in 43231 are up 2.0% over the past year, and up 6.1% a year over five years.

What is the typical rent in 43231?

A typical home in 43231 rents for about $1,530 a month, a gross rental yield of 6.7%.

What is the property tax rate in 43231?

The effective property tax rate in 43231 is 1.6% — roughly $4,316 a year on a typical home.

ZIP code 43231 has a population of 23,009 and a median household income of $73,986.

HousingHandbookReference data

…

U.S. ZIP Code · OH43231

Franklin County · Columbus, OH

Typical home value

$274,766^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.0%
5-year / yr: +6.1%
10-year / yr: +8.7%

Relative price

vs U.S.: -3.3%
vs metro: -9.7%
vs state: +25.6%

Price history

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

The typical home in 43231 is worth $274,766 — 9.7% below the Columbus, OH median. Over the past year, values have risen 2.0%. Homes here rent for a typical $1,530 a month — a 6.7% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

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

Monthly rent: $1,530^[2]
Gross yield: 6.7%^[2]
Cap rate: 4.0%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $4,316^[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: 23,009^[3]
Median household income: $73,986^[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: 5
Elementary: 4
Middle: 0
High: 0

Hawthorne Elementary School
Elementary · Grades K–5 · Westerville City
540 students
Minerva France Elementary School
Elementary · Grades K–5 · Westerville City
534 students
Horizon Science Academy Primary
Elementary · Grades PK–2 · Horizon Science Academy Primary
386 students
Horizon Science Academy Elementary School
Elementary · Grades 3–5 · Horizon Science Academy Elementary School
377 students
Oakstone Community School
Other · Grades K–12 · Oakstone Community School
211 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 yield6.7%

Net yield (after ~40% expenses)4.0%

Annual rent$18,362

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$1,389

Loan principal$219,812

Down payment$54,953

Total interest paid$280,359

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 ratio1.29

Monthly cost to own$1,978

Monthly rent$1,530

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: 77th percentile^[1]
Rental yield: 70th percentile^[2]
Property tax: 87th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 43231?: The typical home in 43231 is worth $274,766, based on the Zillow Home Value Index.
Are home values rising in 43231?: Home values in 43231 are up 2.0% over the past year, and up 6.1% a year over five years.
What is the typical rent in 43231?: A typical home in 43231 rents for about $1,530 a month, a gross rental yield of 6.7%.
What is the property tax rate in 43231?: The effective property tax rate in 43231 is 1.6% — roughly $4,316 a year on a typical home.
Who lives in 43231?: ZIP code 43231 has a population of 23,009 and a median household income of $73,986.

#Comparable ZIPs

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

43003 vs 43231 →
Ashley, OH
Typical home
$275,981
Gross yield
—
43130 vs 43231 →
Lancaster, OH
Typical home
$273,019
Gross yield
5.3%
43315
Cardington, OH
Typical home
$272,748
Gross yield
—
43229
Columbus, OH
Typical home
$277,266
Gross yield
5.7%
43205
Columbus, OH
Typical home
$280,387
Gross yield
6.4%
43358
West Mansfield, OH
Typical home
$267,553
Gross yield
—

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#Jump to section

U.S. ZIP Code · OH43231

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