Location: Columbus, OH | Metro: Columbus, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
0.0% of residents in ZIP code 43030 are renters, indicating a predominantly owner-occupied area. This statistic aligns with the $213,021 median household income, which is relatively high and suggests that many residents can afford to purchase homes rather than rent. The $1150 Fair Market Rent (FMR) for zip code 43030, as determined by HUD for fiscal year 2024, reflects the rental market's lower demand and is likely influenced by the scarcity of rental units. Given the lack of data on market rent and median home values, it's challenging to provide a direct comparison between rental and ownership costs. However, the absence of such data might imply that the housing market in this area is less active or that there is insufficient rental data to establish reliable benchmarks. The same applies to the days on market (DOM) and the percentage of price-cut share, both of which are marked as N/A, further suggesting limited transactional activity. For landlords and small-portfolio investors looking to enter this market, the low renter share and high median income indicate a potentially challenging environment where rental properties may struggle to compete with homeownership opportunities. The $1150 FMR provides a baseline for what rental units should be priced at to qualify for Section 8 subsidies, but the overall context points towards a market that favors owners over renters. In conclusion, while the FMR offers a guideline, the broader economic landscape of ZIP 43030 makes it a less attractive option for rental investments, particularly those relying on Section 8 subsidies.
Section 8 verdict: Not recommended due to low renter share and high median income.
Data Sources: FMR data from HUD (2027). 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.