Home Values

Columbus Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$145,100

  • 9.2% 1-year change
  • 3.4% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Columbus Metro is $145,100. Columbus Metro home values have gone up 9.2% over the past year and Zillow predicts they will rise 3.4% within the next year. The median list price per square foot in Columbus Metro is $99, which is higher than the Ohio average of $85. The median price of homes currently listed in Columbus Metro is $168,900 while the median price of homes that sold is $166,250. The median rent price in Columbus Metro is $905, which is higher than the Ohio median of $795.

Foreclosures will be a factor impacting home values in the next several years. In Columbus Metro 5.1 homes are foreclosed (per 10,000). This is the same as the Ohio value of 5.1 and also greater than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Columbus Metro is 5.2%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Columbus Metro homeowners underwater on their mortgage is 18.1%, which is lower than Ohio at 18.9%.

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Relative ZHVI
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Columbus Metro Market Overview

Data through Aug 31, 2014
  • $145,100 ZHVI
  • 3.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $168,900 Median listing price
  • $166,250 Median sale price
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Columbus Metro Market Health

Data through Aug 31, 2014
  • 4.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No recent data Average days on Zillow
  • 18.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.2% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

5.1 homes Columbus Metro
5.1 homes Ohio
4.3 homes United States
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Cities in Columbus Metro

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Upper Arlington $335,100 Dublin $331,100 Westerville $204,300
Delaware $174,300 Marysville $159,800 Reynoldsburg $135,500
Grove City $135,200 Lancaster $117,800 Columbus $102,900

Listings & Sales

Data through Aug 31, 2014
  • $99 Median list price / sq ft
  • $102 Median sale price / sq ft
  • 39.4% Listings with price cut
24.1%
Sold below listing
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Columbus Metro Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $1,248 Columbus Metro
    $1,077 Ohio
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $905 Rent list price
  • $0.83 Rent list price / sq ft
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