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It is very run down... I attended Shady Lane Elementary and Sherwood Middle Schools and lived on Country Club Rd. across from Walnut Ridge HS as a young child before the family moved to Clintonville to escape the eastbound poverty.
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There are some decent neighborhoods in the areas describe above, they are known as far east columbus. Shady Lane Elementary and Sherwood Middle school are now renovated, brand new buildings, and shady lane elementary is a year round school. They are both in the Columbus district and columbus city limits.
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150s? Try Grove City (zoned for Grove City HS) or southern edge of Westerville.
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you can find homes in both of these areas for 150,000. The homes in southern westerville are older but nice and the ones in Grove City new builds. However, Grove City is very conservative. I was in Grove City for 10 minutes two weeks ago and that was enough for the next five years. Just not my cup of tea.