The story of this market
The typical home in ZIP 43740 sells for about $135,000, or $145 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $744 a month.
ZIP 43740 — Gratiot
The housing market in 43740 remains stable with low inventory and modest price appreciation consistent with rural Licking and Muskingum county trends. Demand is driven by buyers seeking affordability outside the Columbus urban core, though limited supply keeps sales volume low. Market conditions are expected to remain steady as the area continues to function as a quiet, residential bedroom community.
This ZIP is best suited for buyers seeking rural affordability, quiet living, and a slower pace of life, while remaining within a commutable distance to the broader Columbus job market.
Median prices moved up 2.4% year over year.
Homes spend a median of 48 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 11.0% · poverty 8.0% — a mixed stability 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 2.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 43740, Ohio
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 Gratiot area are generally low, consistent with rural Licking County trends and significantly lower than the urban core of Columbus.
The area is served by the West Muskingum Local School District, which maintains a stable academic reputation within the regional rural context.
The area faces standard Midwestern climate risks, including seasonal severe thunderstorms and occasional high winds; flood risk is localized to specific low-lying areas near the Licking River tributaries.
Economic momentum is driven by proximity to the Newark and Columbus industrial corridors, with limited new residential development occurring within the immediate ZIP boundaries.
Property taxes are assessed by Licking and Muskingum counties based on local millage rates, which include levies for school districts, county services, and township operations.
Commuters primarily utilize US-40 and nearby SR-16 to access employment hubs in Newark and the eastern Columbus metropolitan area.
Local recreation is centered on rural outdoor activities, with proximity to Dillon State Park and various local community parks providing trails and water access.
The rental market is limited in depth, consisting primarily of single-family homes with low turnover and stable, modest rent growth.
The local economy is largely supported by agriculture, small-scale manufacturing, and service-sector employment in nearby Newark and Zanesville.
Transportation is heavily reliant on private vehicles, with no significant public transit infrastructure serving this rural ZIP code.
There are no major large-scale commercial or residential developments currently approved or under construction within the 43740 ZIP code.
Property assessments are conducted by the respective county auditor offices, following a triennial update cycle.
Parcels are subject to standard township and county-level levies, with no significant MUD or PID special districts identified.
Property insurance premiums are generally stable, reflecting the low-hazard, rural nature of the area.
Data retrieved from US Census Bureau data.census.gov for ZCTA 43740.
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.
Large state park nearby offering hiking, boating, and camping facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.