Walnut Heights, Columbus, OH—43232
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Walnut Heights, Columbus, OH
As of Oct '25, the median home price in Walnut Heights, Columbus, OH is $216,000, with a year-over-year change of -0.3%. This indicates that home prices in Walnut Heights, Columbus, OH are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $216,000 | -0.3% |
| Single Family | $221,000 | -0.5% |
| Condos | $134,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $109,000 | -1.8% |
2 Bed | $152,000 | 0.0% |
3 Bed | $214,000 | -0.5% |
4 Bed | $255,000 | 0.4% |
| 5 Bed | $261,000 | -0.8% |
% of Housing Stock
Rental Trends — Walnut Heights, Columbus, OH
As of July '25, Rentcast reports the average rent in Walnut Heights, Columbus, OH is $1,620, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Walnut Heights, Columbus, OH is studios: $768, 1-bedrooms: $952, 2-bedrooms: $1,250, 3-bedrooms: $1,820, 4-bedrooms: $2,030. The most common rental property sizes in Walnut Heights, Columbus, OH are 2-bedroom and 1-bedroom, accounting for 37.2% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,620 |
| Studio Rent | $725 | $768 |
| 1 Bed Rent | $895 | $952 |
| 2 Bed Rent | $1,200 | $1,250 |
| 3 Bed Rent | $1,720 | $1,820 |
| 4 Bed Rent | $1,950 | $2,030 |
% of Rental Stock
Property Listings — Walnut Heights, Columbus, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Walnut Heights, Columbus, OH is 49. This is a increase of 71.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $242,000 | 3.0% |
Listing Count | 116 | 28.0% |
| Listings as % of Homes | 0.2% | 28.0% |
Days on Market | 49 | 71.0% |
Demographics — Walnut Heights, Columbus, OH
As of the latest ACS Survey released in 2023, Walnut Heights, Columbus, OH has a population of 46,800, which has increased by 3.3% over the past 5 years. Walnut Heights, Columbus, OH is a popular place for families, as children make up 28.1% of the population. The area has a poorly educated workforce, with 17.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,800 | 3.3% |
% Under 18 | 28.1% | 3.7% |
% Seniors | 11.6% | 14.9% |
% WFH | 8.8% | 183.9% |
% w/ College Degree | 17.6% | 11.4% |
As of the latest ACS Survey released in 2023, Walnut Heights, Columbus, OH is a predominantly black area, with 58.5% of the population identifying as black. The black population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Walnut Heights, Columbus, OH is white, making up 26.2% of the population. Foreign-born residents account for 12.5% of the population in Walnut Heights, Columbus, OH, and this percentage has increased by 43.7% 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 | 26.2% | -16.8% |
% Black | 58.5% | -1.0% |
% Hispanic | 7.6% | 52.0% |
% Asian | 1.2% | 33.3% |
% Foreign Born | 12.5% | 43.7% |
Mortgage and Risk — Walnut Heights, Columbus, OH
According to HUD data as of 2023, there were 252 mortgage originations in Walnut Heights, Columbus, OH, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Walnut Heights, Columbus, OH. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 252 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Walnut Heights, Columbus, OH
As of 2024, the percent of homes in Walnut Heights, Columbus, OH under the Section 8 program is 16.3%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Walnut Heights, Columbus, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,978 |
Total Units Section 8 | 1,861 |
% Rentals under Section 8 | 16.3% |
% Occupied Section 8 | 85.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $895 | $1,020 |
| 2 Bedroom | $40 | $1,200 | $1,240 |
| 3 Bedroom | -$230 | $1,720 | $1,490 |
| 4 Bedroom | -$290 | $1,950 | $1,660 |
Affordability — Walnut Heights, Columbus, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $216,000 |
| Median Household Income | $50,600 |