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TerraVue / Markets / Columbus, OH / 43228

43228 housing market — Columbus, OH

Over the past 20 years, home prices in 43228 have risen 3.79% a year; over the past three, 5.40%. TerraVue's forward estimate, which weights both, is 4.44%. That is 0.41pp above the national average — over a 10-year hold, that gap compounds into a meaningful difference in equity.

Past 20 years3.79%actual, per year
Past 3 years5.40%accelerating
Forward est.4.44%+0.41pp vs national
Rent$1,244per month
5 year 9.26% 10 year 8.30% 20 year 3.79% Forward est. 4.44% NATIONAL 4.0%
Annualized appreciation over each look-back window, from FHFA repeat-sales data. “Forward est.” is the blended estimate TerraVue simulates with (60% long-run, 40% recent 3-year).

Momentum and volatility

ZIP 43228 is accelerating — the last three years have run 1.61pp above its own long-run pace.

Year-to-year swings have been typical for a US market (4.7pp standard deviation).

Neighborhood signals

Adults 25+ with a bachelor's degree or higher27.4%
Monthly rent — Zillow Observed Rent Index (all homes)$1,244
Median gross rent, 3-bedroom (ACS)$1,274
PFAS detected in drinking water (EPA UCMR5)Yes — 6 contaminants
FHFA data coverage50 years (1976–2025)

TerraVue's app adds school ratings, walkability, and what's nearby (grocery, dining, trails, water) for any address you look up.

Run it on an actual property

This page describes ZIP 43228. Whether buying beats renting depends on the price you'd pay, your down payment, and how long you'd stay — TerraVue simulates about 1,000 market scenarios on those inputs and returns the probability, not a single guessed number. It'll start with 43228's real appreciation and rent already loaded.

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How these numbers are calculated

Appreciation comes from the FHFA House Price Index — a repeat-sales index that tracks the same homes over time, which is why it isn't distorted by a change in the mix of what sold in a given year. TerraVue reads it at the ZIP level, back to 1975 where coverage allows.

The forward estimate blends 60% of the longest available look-back (20 years where available) with 40% of the most recent 3 years. Long-run history is the more reliable signal, but a market that has genuinely changed pace should not be ignored — the 60/40 split is the compromise, and it's the same figure TerraVue's simulation uses.

The national comparison is the population-weighted average of these same blended ZIP-level figures, so it compares like with like.

The FHFA index measures rates of change, not price levels. These pages therefore describe how fast prices have moved, never what a home costs — that number depends on the specific property, and it's the one input you supply when you run an analysis.

Common questions

Are home prices rising in 43228?

Over the past 20 years, prices have risen about 3.79% a year, based on 50 years of FHFA repeat-sales data (1976–2025). Over the most recent three years the pace has been 5.40%, which makes this market accelerating. TerraVue's forward estimate blends the two at 4.44%.

Is 43228 a good place to buy?

On appreciation alone it runs +0.41pp versus the national average. But whether buying beats renting there depends on the price of the specific home, your down payment, and how long you'd stay — TerraVue simulates that directly rather than inferring it from the average.

What is rent like in 43228?

Around $1,244 a month, from the Zillow Observed Rent Index (all homes).

Nearby ZIP codes in Columbus

4322943235432074320443232

← All Columbus ZIP codes and buy-vs-rent analysis