The story of this market
The typical home in ZIP 43031 sells for about $637,000, or $246 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,107 a month.
ZIP 43031 — Johnstown
The 43031 housing market is experiencing strong upward pressure on prices and demand, primarily driven by the massive industrial expansion in the surrounding Licking County area. While inventory remains tight, the influx of high-income workers is supporting a robust market for both sales and rentals. Investors and buyers are increasingly active as the area transitions into a key economic node for central Ohio.
This ZIP is ideal for family buyers and professionals seeking a suburban lifestyle with proximity to major industrial employment hubs, while offering more space than the dense Columbus urban core.
Median prices moved up 4.2% year over year.
Homes spend a median of 45 days on market with 3.1 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.5% · poverty 6.0% — 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 10.4%/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 6.2%/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 43031, Licking 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 Johnstown area remain low compared to the broader Columbus metropolitan region, with property crime being the primary concern.
The area is served by the Johnstown-Monroe Local School District, which generally maintains a positive reputation for academic performance and community engagement.
The region faces moderate risks related to severe thunderstorms and occasional flooding in low-lying areas, though wildfire risk is minimal.
Johnstown is experiencing significant economic momentum driven by its proximity to the Intel semiconductor manufacturing site in nearby Licking County, spurring residential and commercial development.
Property taxes are assessed by Licking County based on market value, with rates determined by local school district levies and municipal requirements.
Commuters primarily rely on State Route 37 and US Route 62 to access the Columbus employment core, with typical drive times ranging from 30 to 45 minutes.
The area features local parks such as the Johnstown Community Park and proximity to regional trails, with basic shopping and dining options located in the historic downtown district.
The rental market is characterized by tight vacancy pressure and rising rents, driven by limited supply and high demand from workers relocating for regional manufacturing projects.
The local economy is transitioning from a rural/agricultural base to a manufacturing and logistics hub, heavily influenced by the massive Intel investment in the region.
Transportation infrastructure is primarily road-based, with ongoing efforts to improve capacity on major corridors like SR 37 to handle increased traffic from new industrial sites.
Significant residential subdivisions and mixed-use developments are in the pipeline to support the workforce growth associated with the Intel project.
The Licking County Auditor manages property assessments, with periodic reappraisals to reflect current market values in a rapidly appreciating environment.
Parcels are subject to school district levies, county taxes, and potential special assessments for infrastructure improvements related to new developments.
Property insurance premiums are rising in line with regional trends, reflecting increased property values and the potential for severe weather events in central Ohio.
Data retrieved from US Census Bureau and ZCTA-level aggregations.
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.
Provides local green space, sports fields, and walking paths for residents.
Historic district featuring local businesses, cafes, and community services.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.