A tight-supply, appreciation-lean market. The rent math runs thin; demand and tenant incomes are the story.
What would change this read: a price correction (median already +4.7% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +5.1% YoY, is the number to watch.
The median listing price is up 4.7% YoY while the median home got up 0.8% bigger, so value per square foot is up 2.1%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
Not shown: 8 BR (no price per sq ft reported).
At the median, a $271K purchase rents for $1,250/mo: 0.46% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 5 BR (sale only, no matching rent), 6 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 18 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Multi-Family (sold here, not rented).
U.S. Census ACS characteristics for ZIP 43228 itself, not its parent county.
Renters hold 55.8% of this ZIP's 24,653 occupied households, on a median household income of $62K.
| Measure | ZIP 43228 | Franklin County | Difference |
|---|---|---|---|
| Median Household Income | $62K | $75K | -$13K |
| Below Poverty Level | 18.0% | 14.7% | +3.3% |
| Median Age | 32.70 | 34.80 | -2.10 |
| Total Population | 59,077 | 1,333,048 | -- |
| Avg Household Size | 2.39 | 2.36 | +0.03 |
| Owner-Occupied | 44.2% | 52.8% | -8.6% |
| Worked From Home | 12.0% | 19.3% | -7.3% |
| Mean Commute | 21.80 | 21.50 | +0.30 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.9% to 1,333,048: residents under 18 are up 0.4% and those 65 and over are up 3.4%.
County median household income is $75K, 14.7% of residents are below the poverty level, 19.3% work from home.