The story of this market
The typical home in ZIP 43055 sells for about $262,000, or $174 per square foot.
Prices are up +4.8% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $970 a month.
ZIP 43055 — Newark
The 43055 housing market remains competitive with steady price appreciation and low inventory levels. Demand is supported by the area's affordability relative to the broader Columbus metro, though rising interest rates and economic shifts are tempering the pace of sales compared to previous years.
This ZIP is well-suited for families and first-time homebuyers seeking affordability relative to the Columbus metro area, as well as commuters who value a balance between suburban living and access to regional employment hubs.
Median prices moved up 4.8% year over year.
Homes spend a median of 42 days on market with 0.8 months of supply — a fast-moving market.
38% of listings have cut prices · homes sell at 100.1% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 15.4% — 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 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 43055, 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.
The area is served by Newark City Schools, which generally maintain a moderate rating profile within the Licking County educational landscape.
The region is subject to standard Midwestern climate risks, including seasonal severe thunderstorms and occasional wind events, with flood risk localized to specific low-lying areas near the Licking River.
The area benefits from proximity to the expanding Columbus metropolitan economy, with significant regional momentum driven by industrial and manufacturing growth in Licking County.
Property taxes are assessed by Licking County based on local millage rates that fund schools, municipal services, and county operations; exemptions are available for owner-occupied primary residences via the Homestead Exemption.
Residents primarily rely on personal vehicles for commuting, with access to State Route 16 and 79 providing connections to the broader Columbus employment core.
The area features access to local parks, the Licking River for outdoor activities, and proximity to downtown Newark's historic shopping and dining district.
The rental market shows moderate pressure with a vacancy rate influenced by the area's mix of single-family rentals and multi-family housing stock.
The local economy is anchored by manufacturing, healthcare, and retail sectors, with increasing integration into the Columbus regional labor market.
Transportation is primarily highway-dependent, with major corridors including SR-16 and SR-79 facilitating regional movement.
Development activity is focused on residential infill and commercial revitalization within the Newark city limits.
The Licking County Auditor manages property assessments, conducting triennial updates and sexennial reappraisals to ensure market-value alignment.
Parcels are subject to Newark City School District levies and various Licking County special service districts for utilities and infrastructure.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in Central Ohio.
Data retrieved from Census ACS and local market aggregators.
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 recreational opportunities and scenic corridors.
Historic district featuring local businesses and dining options.
Nearby regional destination for boating and outdoor activities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.