The story of this market
The typical home in ZIP 43344 sells for about $199,000, or $173 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $830 a month.
ZIP 43344 — Richwood
The housing market in 43344 remains stable with modest price appreciation driven by limited inventory and steady demand for affordable rural-residential properties. While sales volume is constrained by supply, the market remains competitive for well-priced homes, reflecting broader regional trends in the Columbus periphery.
This ZIP is well-suited for family buyers and those seeking a rural lifestyle within commuting distance of Columbus, as well as investors looking for entry-level renovation opportunities.
Median prices moved up 2.1% year over year.
Homes spend a median of 32 days on market with 3.5 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 6.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 43344, Morrow County OH
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Mount Gilead area remain low relative to the broader Columbus metropolitan region, with property crime being the primary reported concern.
Schools serving the area are primarily managed by the Mount Gilead Exempted Village School District, which generally maintains stable performance ratings within the state accountability framework.
The area faces standard Midwestern climate risks, including seasonal severe thunderstorms and occasional high-wind events; flood risk is localized to specific low-lying areas near water bodies.
Economic momentum is driven by proximity to the expanding Columbus industrial corridor and local agricultural support services, with steady demand for rural-residential housing.
Property taxes are assessed at the county level by the Morrow County Auditor, with rates determined by local school district levies and township-specific millage.
Commuting to the Columbus employment core typically requires a 45-60 minute drive via I-71, as there is no direct public transit link to the city center.
The area features access to Candlewood Lake for water sports and fishing, alongside local community parks and proximity to rural trail systems.
The rental market is characterized by low inventory and high demand for single-family detached homes, with limited multi-family supply.
The local economy is anchored by agriculture, manufacturing, and small-scale retail, with many residents commuting to the broader Columbus metro area for employment.
Transportation is heavily reliant on personal vehicles, with I-71 serving as the primary artery for regional connectivity.
Development is largely focused on low-density residential expansion and small-scale commercial improvements along the main thoroughfares.
The Morrow County Auditor manages property assessments, conducting triennial updates to ensure valuations align with market trends.
Parcels are subject to school district levies and township taxes, with no major MUD/PID districts reported.
Property insurance premiums are stable, reflecting the area's low exposure to major natural disasters compared to coastal regions.
The state continues to see modest net domestic migration gains, particularly from neighboring states and urban centers.
Ohio is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a residential property disclosure form detailing the condition of the home.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Private lake community offering boating, fishing, and swimming.
Features hiking trails, camping, and picnic areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.