SCR - Market Insights

Licking County Multifamily Sales Report – April 2026

by Shumaker Commercial Real Estate (SCR)
  1. Executive Summary

    Licking County recorded 8 multifamily transactions in April 2026, including 4 arm’s-length (valid) sales.

    Market conditions remain stable, with pricing supported by selective, disciplined capital deployment.

    Key Highlights:

    • 4 valid sales
    • 50% valid / 50% non-valid split
    • 4-19 unit segment continues to anchor pricing
    • No valid duplex sales → supply constraint persists
    Licking County Multifamily Sales Report – April 2026

    LC - Licking County | CBus - Columbus MSA | OH - Ohio
    CBus and OH estimates derived using SCRE methodology.

    Transaction Breakdown (Licking County)

    Category

    Transactions

     Valid Sales

    4–19 Units

    4

    3

    3-Family

    2

    1

    2-Family

    2

    0

    Total

    8

    4

    SCRE Observation:
    4–19 unit assets account for 75% of valid activity, reinforcing this segment as the core investment market.

  2. Pricing & Market Signals (Valid Sales)

    4–19 Units

    • Three valid trades near $1.2M
    • Confirms stable pricing band

    2–4 Units

    • Zero valid duplex sales
    • One valid triplex

    Supply, not demand is the constraint

  3. Market Interpretation (SCRE Perspective)

    Selective Liquidity

    • Capital is active
    • Deals must meet underwriting thresholds

    Supply Constraint

    • Limited turnover in smaller assets
    • Owners continue to hold

    Core Market Node

    • 4–19 units remain the most liquid segment
  4. Geographic Pattern
    • Newark: Primary activity center
    • Heath: Secondary spillover
    • Granville: Limited, high-barrier supply
  5. Columbus MSA Context

    Broad “oversupply” narratives are overstated.

    Performance is now:

    • Submarket-driven
    • Asset-specific

    Licking County continues to benefit from:

    • Lower basis entry
    • Proximity to Columbus growth
  6. Forward Indicators

    Watching:

    • Continued absence of small MF inventory
    • Stability of ~$1.2M pricing band
    • Investor migration from Columbus
  7. SCRE Market Position

    Stable. Disciplined. Supply-constrained.

View More Monthly Insights View Weekly Insights

SCRE ARTIFICIAL INTELLIGENCE DISCLOSURE & AUTHORSHIP STATEMENT

Our reports are prepared with the assistance of artificial intelligence (AI) tools to support research compilation, data organization, and draft structuring.

All content has been reviewed, validated, and edited by Brad Shumaker, Principal Broker of Shumaker Commercial Real Estate. The analyses, conclusions, and opinions presented herein reflect the independent judgment, market expertise, and professional experience of the author.

AI tools are utilized solely to enhance efficiency and organization and are not relied upon as a primary source of truth. All outputs are subject to:

  • Verification against primary and secondary data sources
  • Cross-referencing with local market knowledge
  • Editorial refinement to ensure alignment with SCRE standards, methodology, and voice

The analytical framework, market interpretation, and final narrative are directly shaped, reviewed, and approved by Shumaker Commercial Real Estate.

Shumaker Commercial Real Estate assumes full professional responsibility for the accuracy and integrity of this report.

Ready for a new experience?

Contact our team today to get started!

Request An Appointment Contact Us