Canal Winchester, Columbus, OH—43110
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Canal Winchester, Columbus, OH
As of Oct '25, the median home price in Canal Winchester, Columbus, OH is $326,000, with a year-over-year change of 0.9%. This indicates that home prices in Canal Winchester, Columbus, OH are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $326,000 | 0.9% |
| Single Family | $352,000 | 0.9% |
| Condos | $201,000 | -1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $205,000 | 1.0% |
3 Bed | $315,000 | 0.6% |
4 Bed | $399,000 | 1.3% |
| 5 Bed | $537,000 | 1.3% |
% of Housing Stock
Rental Trends — Canal Winchester, Columbus, OH
As of July '25, Rentcast reports the average rent in Canal Winchester, Columbus, OH is $2,030, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Canal Winchester, Columbus, OH is 1-bedrooms: $1,180, 2-bedrooms: $1,600, 3-bedrooms: $2,280, 4-bedrooms: $2,520. The most common rental property sizes in Canal Winchester, Columbus, OH are 2-bedroom and 3-bedroom, accounting for 46.2% and 24.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,180 | $2,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,180 | $1,180 |
| 2 Bed Rent | $1,580 | $1,600 |
| 3 Bed Rent | $2,240 | $2,280 |
| 4 Bed Rent | $2,490 | $2,520 |
% of Rental Stock
Property Listings — Canal Winchester, Columbus, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Canal Winchester, Columbus, OH is 36. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | -2.0% |
Listing Count | 154 | 21.0% |
| Listings as % of Homes | 0.4% | 21.0% |
Days on Market | 36 | 1.0% |
Demographics — Canal Winchester, Columbus, OH
As of the latest ACS Survey released in 2023, Canal Winchester, Columbus, OH has a population of 40,900, which has increased by 5.4% over the past 5 years. Canal Winchester, Columbus, OH is a popular place for families, as children make up 27.0% of the population. The area has a moderately educated workforce, with 36.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 40,900 | 5.4% |
% Under 18 | 27.0% | -1.1% |
% Seniors | 12.6% | 17.8% |
% WFH | 17.9% | 184.1% |
% w/ College Degree | 36.2% | 14.6% |
As of the latest ACS Survey released in 2023, Canal Winchester, Columbus, OH is a predominantly white area, with 53.7% of the population identifying as white. The white population has shrunk by 15.0% in the last 5 years. The second most common race or ethnicity in Canal Winchester, Columbus, OH is black, making up 32.2% of the population. Foreign-born residents account for 11.3% of the population in Canal Winchester, Columbus, OH, and this percentage has increased by 18.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.7% | -15.0% |
% Black | 32.2% | 7.7% |
% Hispanic | 3.2% | 23.1% |
% Asian | 4.1% | 156.2% |
% Foreign Born | 11.3% | 18.9% |
Mortgage and Risk — Canal Winchester, Columbus, OH
According to HUD data as of 2023, there were 1081 mortgage originations in Canal Winchester, Columbus, OH, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Canal Winchester, Columbus, OH. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,081 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Canal Winchester, Columbus, OH
As of 2024, the percent of homes in Canal Winchester, Columbus, OH under the Section 8 program is 5.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Canal Winchester, Columbus, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 517 |
Total Units Section 8 | 376 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 84.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,180 | $1,210 |
| 2 Bedroom | -$120 | $1,580 | $1,460 |
| 3 Bedroom | -$480 | $2,240 | $1,760 |
| 4 Bedroom | -$530 | $2,490 | $1,960 |
Affordability — Canal Winchester, Columbus, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $326,000 |
| Median Household Income | $76,300 |