Polaris, Columbus, OH—43240
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Polaris, Columbus, OH
As of Oct '25, the median home price in Polaris, Columbus, OH is $332,000, with a year-over-year change of 1.4%. This indicates that home prices in Polaris, Columbus, OH are increasing. 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 | $332,000 | 1.4% |
| Single Family | $411,000 | 0.7% |
| Condos | $280,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $242,000 | -0.4% |
3 Bed | $360,000 | 1.1% |
4 Bed | $438,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Polaris, Columbus, OH
As of July '25, Rentcast reports the average rent in Polaris, Columbus, OH is $1,850, with a year-over-year rent change of -11.1%. Per bedroom, the median rent as of July '25 in Polaris, Columbus, OH is studios: $1,450, 1-bedrooms: $1,340, 2-bedrooms: $2,430, 3-bedrooms: $2,370, 4-bedrooms: $2,800. The most common rental property sizes in Polaris, Columbus, OH are 2-bedroom and 1-bedroom, accounting for 56.9% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,850 |
| Studio Rent | $1,150 | $1,450 |
| 1 Bed Rent | $1,340 | $1,340 |
| 2 Bed Rent | $2,160 | $2,430 |
| 3 Bed Rent | $2,400 | $2,370 |
| 4 Bed Rent | $2,800 | $2,800 |
% of Rental Stock
Property Listings — Polaris, Columbus, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Polaris, Columbus, OH is 26. This is a increase of 28.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $373,000 | 15.0% |
Listing Count | 10 | -16.0% |
| Listings as % of Homes | 0.1% | -16.0% |
Days on Market | 26 | 28.0% |
Demographics — Polaris, Columbus, OH
As of the latest ACS Survey released in 2023, Polaris, Columbus, OH has a population of 7,290, which has increased by 69.7% over the past 5 years. Polaris, Columbus, OH is a less popular place for families, as children make up 13.6% of the population. The area has a highly educated workforce, with 45.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,290 | 69.7% |
% Under 18 | 13.6% | -29.5% |
% Seniors | 7.6% | 0.0% |
% WFH | 17.1% | 249.0% |
% w/ College Degree | 45.8% | -16.7% |
As of the latest ACS Survey released in 2023, Polaris, Columbus, OH is a predominantly white area, with 59.9% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Polaris, Columbus, OH is asian, making up 21.4% of the population. Foreign-born residents account for 31.2% of the population in Polaris, Columbus, OH, and this percentage has increased by 14.3% 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 | 59.9% | -1.2% |
% Black | 12.7% | 71.6% |
% Hispanic | 3.9% | -20.4% |
% Asian | 21.4% | -13.4% |
% Foreign Born | 31.2% | 14.3% |
Mortgage and Risk — Polaris, Columbus, OH
According to HUD data as of 2023, there were 88 mortgage originations in Polaris, Columbus, OH, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Polaris, Columbus, OH. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 88 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Polaris, Columbus, OH
As of 2024, the percent of homes in Polaris, Columbus, OH under the Section 8 program is 0.1%. 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 Polaris, 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 | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,340 | $1,480 |
| 2 Bedroom | -$370 | $2,160 | $1,790 |
| 3 Bedroom | -$240 | $2,400 | $2,160 |
| 4 Bedroom | -$400 | $2,800 | $2,400 |
Affordability — Polaris, Columbus, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $332,000 |
| Median Household Income | $87,400 |