Section 8 Fair Market Rent (FMR) for ZIP 43004 - 2027

Location: Columbus, OH | Metro: Columbus, OH HUD Metro FMR Area

Investment Score for ZIP 43004

Monthly Rent (2BR)

$1,850

Median Price (2BR)

$204,705

1% Rule

0.9%

Annual Yield

10.84%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,450
1 Bedroom	$1,550
2 Bedrooms	$1,850
3 Bedrooms	$2,200
4 Bedrooms	$2,510
5 Bedrooms	$2,912
6 Bedrooms	$3,261
7 Bedrooms	$3,522
8 Bedrooms	$3,698

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,550	$165,131	0.94%	C
2BR	$1,850	$204,705	0.9%	C
3BR	$2,200	$347,658	0.63%	D
4BR	$2,510	$445,395	0.56%	F
5BR	$2,912	$828,692	0.35%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

31,477

Median Household Income

$101,175

Housing Units

11,673

Renter Percentage

20.6%

Occupancy Rate

97.8%

Renter Occupied

2,349

Blacklick, OH, located in ZIP code 43004, is a suburban area known for its family-friendly environment and proximity to Columbus. The region offers a mix of residential areas, retail spaces, and some industrial zones, making it attractive for various types of tenants.

The Fair Market Rent (FMR) for ZIP 43004 in fiscal year 2024 is set at $1,340. This figure represents the maximum rent that low-income families can afford, based on HUD guidelines.
The market rent, as measured by Zillow's ZORI (Zillow Observed Rental Index), stands at $1,869. This indicates the average rental price for homes in the area, which is higher than the FMR, suggesting strong demand from middle- to upper-income renters.
The median home value in Blacklick is $347,242, reflecting a stable housing market where property values have remained consistent over recent years.
Renters make up 20.6% of the total population in ZIP 43004, indicating a significant portion of the community that relies on rental properties, which can be beneficial for landlords looking to maintain steady occupancy rates.
The days on market (DOM) for rental listings in Blacklick is 17 days, a relatively short period that suggests a competitive market where properties are quickly leased.
The median household income in the area is $101,175, which is above the national average, providing assurance that residents can afford higher rents.

Given the data, investors can expect a robust rental market in Blacklick, OH, driven by a combination of strong demand and higher-than-average incomes. The disparity between the FMR and the ZORI highlights the potential for achieving competitive rental rates. Additionally, the high median home value and short DOM indicate a healthy real estate ecosystem, conducive to successful investment opportunities. Landlords should focus on maintaining properties to meet the expectations of the local tenant base, which tends to be financially stable and willing to pay premium rents.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.