The story of this market
The typical home in ZIP 43334 sells for about $425,000, or $165 per square foot.
Prices are up +20.5% 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 $1,057 a month.
ZIP 43334 — Marengo
The housing market in 43334 is experiencing strong price appreciation, with a median home value of $425,000 reported in recent months. Low inventory and steady demand from buyers seeking rural living are driving these trends. While the market remains active, the pace of sales is balanced by the limited supply of available homes.
This ZIP is best suited for family buyers and those seeking a rural lifestyle who are willing to commute to regional employment hubs, as it offers larger homes and a lower cost of living compared to urban centers.
Median prices moved up 20.5% year over year.
Homes spend a median of 45 days on market with 3.2 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 4.2% · poverty 7.8% — 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 6.0%/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 4.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 43334, Morrow County OH
The area is primarily served by the Highland Local School District, which provides standard public education for the rural community.
The area is subject to standard Midwestern weather risks, including seasonal wind and storm events; insurance premiums are generally consistent with rural Ohio market trends.
Development is characterized by modest residential growth with a mix of single-family and small multi-family projects, supported by local infrastructure investment.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Ohio) — Real Property Tax Assessment: Property is assessed at 35% of its true market value. The tax is calculated by multiplying the assessed value by the effective tax rate (millage) of the local taxing district.
Residents primarily rely on personal vehicles for commuting, with access to regional corridors connecting to the Columbus metropolitan area.
The area features rural landscapes and proximity to local parks and outdoor spaces typical of Morrow County, with limited high-density commercial shopping districts.
The rental market is characterized by low vacancy rates and a preference for 3+ bedroom single-family homes, with limited apartment inventory.
The local economy is driven by agriculture, small business, and a workforce that largely commutes to the broader Columbus-Marion-Zanesville region.
Transportation is heavily dependent on private vehicle use, with access to state routes providing connectivity to neighboring towns and regional highways.
Development is focused on small-scale residential expansion and infrastructure maintenance to support the growing rural population.
The Morrow County Auditor manages property assessments, with reappraisals occurring on a state-mandated cycle to reflect market value changes.
Parcels are subject to Highland Local School District taxes and standard county-level levies for emergency services and infrastructure.
Property insurance remains stable, though premiums are influenced by regional weather patterns and the rural nature of the housing stock.
Data retrieved from US Census Bureau ACS 5-year estimates for ZCTA 43334.
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. Source: NCES EDGE public school locations 2023-24.
Primary public school district serving the area.
Regional venue hosting community events and fairs.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.