Pickerington, OH—43147
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pickerington, OH
As of Oct '25, the median home price in Pickerington, OH is $414,000, with a year-over-year change of 1.6%. This indicates that home prices in Pickerington, OH are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $414,000 | 1.6% |
| Single Family | $422,000 | 1.4% |
| Condos | $260,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $252,000 | 2.0% |
3 Bed | $364,000 | 1.4% |
4 Bed | $440,000 | 1.4% |
| 5 Bed | $570,000 | 0.4% |
% of Housing Stock
Rental Trends — Pickerington, OH
As of July '25, Rentcast reports the average rent in Pickerington, OH is $2,460, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Pickerington, OH is 1-bedrooms: $1,210, 2-bedrooms: $1,840, 3-bedrooms: $2,420, 4-bedrooms: $2,970. The most common rental property sizes in Pickerington, OH are 2-bedroom and 3-bedroom, accounting for 51.6% and 16.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,430 | $2,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,140 | $1,210 |
| 2 Bed Rent | $1,950 | $1,840 |
| 3 Bed Rent | $2,400 | $2,420 |
| 4 Bed Rent | $2,720 | $2,970 |
% of Rental Stock
Property Listings — Pickerington, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Pickerington, OH is 45. This is a increase of 30.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | -3.0% |
Listing Count | 171 | 17.0% |
| Listings as % of Homes | 0.5% | 17.0% |
Days on Market | 45 | 30.0% |
Demographics — Pickerington, OH
As of the latest ACS Survey released in 2023, Pickerington, OH has a population of 45,900, which has increased by 12.0% over the past 5 years. Pickerington, OH is a popular place for families, as children make up 28.4% of the population. The area has a highly educated workforce, with 49.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,900 | 12.0% |
% Under 18 | 28.4% | 0.7% |
% Seniors | 12.0% | 3.4% |
% WFH | 17.6% | 245.1% |
% w/ College Degree | 49.8% | 11.2% |
As of the latest ACS Survey released in 2023, Pickerington, OH is a predominantly white area, with 67.5% of the population identifying as white. The white population has shrunk by 12.5% in the last 5 years. The second most common race or ethnicity in Pickerington, OH is black, making up 20.3% of the population. Foreign-born residents account for 6.2% of the population in Pickerington, OH, and this percentage has increased by 21.6% 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 | 67.5% | -12.5% |
% Black | 20.3% | 36.2% |
% Hispanic | 2.6% | 18.2% |
% Asian | 4.3% | 87.0% |
% Foreign Born | 6.2% | 21.6% |
Mortgage and Risk — Pickerington, OH
According to HUD data as of 2023, there were 1302 mortgage originations in Pickerington, OH, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Pickerington, OH. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,302 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Pickerington, OH
As of 2024, the percent of homes in Pickerington, OH under the Section 8 program is 2.1%. 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 Pickerington, 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 | 45 |
Total Units Section 8 | 45 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $1,140 | $1,540 |
| 2 Bedroom | -$90 | $1,950 | $1,860 |
| 3 Bedroom | -$160 | $2,400 | $2,240 |
| 4 Bedroom | -$220 | $2,720 | $2,500 |
Affordability — Pickerington, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $414,000 |
| Median Household Income | $125,000 |