SCR - Market Insights

Multifamily Sales for Licking County

by Shumaker Commercial Real Estate (SCR)

Purpose. Provide an overview of 2025 Multifamily (MF) property sales for Licking County with breakdown by city. This report tracks Residential multifamily (2–4 units) and Commercial multifamily (5+ units) sales. Monthly stats for 2026 will be tracked and posted 2-4 weeks after the end of each month.

  • The 2025 number of Residential and Commercial multifamily property sales totaled 119 units, 58 of these were valid transfers.
  • City concentrations of valid property transfers for 2025 were (Residential/Commercial):
    • Newark 30/13 properties
    • Heath 3/5 properties
    • Pataskala 2/1 properties
    • Hebron 1/0 properties
    • Buckeye Lake 1/0 properties.
  • Observed price range $45,000 (192 N 10th St, Newark) to $1,645,000.00 (Brookside Court, Heath).
  • For context, countywide home values rose (all home types), with median home value moving from ~$319k (Jan 2025) to ~$324k (Dec 2025).
  • Regionally for 5+ unit properties the Columbus Metropolitan Statistical Area (MSA) shows commercial multifamily sales volume of ~$87.3M in Q3 2025 and ~$155M in Q4 2025, with cap rates around 6.7%.

Contact Brad Shumaker with questions on the Licking County multifamily market: 740-364-8780, brad.shumaker@shumakercre.com and view website at: https://www.shumakercre.com

#Newark #Heath #Pataskala #Hebron #Buckeye Lake #MultifamilyHomeSales

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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.

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