43211, Columbus, OH

The 43211 zip code of Columbus, OH has a median home value of $137,200. This is significantly lower than the statewide median home value of $181,600. The 43211 zip code also has a lower than average percentage of homeowners with a mortgage at 66%. This indicates that more homeowners in this zip code are able to borrow against their home equity to cover monthly expenses.

One reason for the low median home value in the 43211 zip code may be due to its high percentage of renters. Nearly half (47%) of households in this zip code are renters, which is much higher than the statewide average of 33%. This indicates that there is a greater demand for housing in this area and that it may be harder for buyers to find homes that fit their budget.

Despite the lower median home value and higher percentage of renters, there has been an increase in home equity over the past few years. In 2013, the median home equity was $111,000. Over the past three years (2015-2017), this has increased by almost $20,000 to reach $137,200 as of 2017. This suggests that even though many people in this area are not able to buy homes outright, they are still able to accumulate significant amounts of equity over time through owning rental properties or through other forms of investment such as stocks or bonds.

Overall, despite the low median home value and high percentage of renters in the 43211 zip code, there is evidence thathome values have been increasing over time and that people here are increasingly able to build up significant levelsofhome equity