Zip Code:

43066, Radnor, OH

43066 is a Ohio Zip code within the city of Radnor and the county of Delaware County. Its population is roughly 1,202.

The Real Estate Market in the 43066 Zip Code of Radnor, OH

The 43066 zip code of Radnor, OH has a median home value of $139,000 and a median home equity of $111,000. This is significantly lower than the national median home value of $177,500 and the national median home equity of $146,200. The 43066 zip code also has a lower than average homeownership rate at just 54%. This is likely due to the low median home values and low homeownership rates in this zip code.

There are several factors that may be contributing to the low home values and homeownership rates in the 43066 zip code. One potential reason is that there are relatively few homes for sale in this zip code. In fact, there were only 97 homes for sale as of May 2017 which is less than one-third of the number of homes that were sold in thezip code during the same period last year (269). Additionally, many homes in this zip code are older and may not be suitable for modern day living needs. For example, almost half (47%)of all homes in this zipcode were built before 1978 which is well before most people would consider upgrading to a newer home. Finally, although Radnor is located within Franklin County it has a relatively high percentage (27%)of residents who commute out of county which could lead to higher housing costs outside of Radnor.

Despite these factors, there are some indications that prices may be beginning to rise in the 43066 zip code. For example, between January 2016 and January 2017 prices increased by 2% which was faster than the 1% increase nationally during that same period (1). Additionally, since 2012 prices have increased an average of 2% each year which indicates that they may continue to rise over time if current trends continue (2). However, it will likely take some time for prices to reach their full potential as many properties remain affordable compared to other areas within Franklin County and nationwide.

Price Index: Columbus, OH

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