Location: Columbus, OH | Metro: Columbus, OH HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,140 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,730 | $394,114 | 0.44% | F |
| 4BR | $1,970 | $509,776 | 0.39% | F |
U.S. Census Bureau data (2024)
The ZIP code 43013 represents a small, affluent residential area with a population of 1,754. This neighborhood is predominantly owner-occupied, with only 12.1% of residents being renters, indicating a community where homeownership is the norm. The median household income stands at a robust $131,528, which is significantly higher than the national average, suggesting a high level of economic stability among its residents. Median home values in this area are also impressively high at $387,248, reflecting the overall wealth and property appreciation in the region.
Turning to the rental economics, the Fair Market Rent (FMR) for ZIP 43013 as of fiscal year 2024 is set at $1,230. In contrast, the actual market rent, according to the Census Bureau's American Community Survey (ACS), is slightly lower at $1,146. This gap between the FMR and market rent is important for Section 8 investors because it means there is room for landlords to potentially earn more through the voucher program without overpricing their units beyond the market rate.
Given these characteristics, ZIP 43013 might be better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The low percentage of renters and the high median income suggest that residents are financially capable of paying market rents without assistance. Therefore, landlords who operate properties in this ZIP code can expect a stable tenant pool with a high likelihood of timely rent payments and minimal turnover. For those considering active management to increase property value, the limited rental market and the already high property values make it less attractive compared to areas with greater potential for rental growth and property appreciation.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.