Location: Columbus, OH | Metro: Columbus, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
The analysis of ZIP 43058, part of the Columbus, OH HUD Metro Fair Market Rent (FMR) area, reveals several key points for landlords and small-portfolio investors.
First, regarding the rent math, the FMR set at $1150 for fiscal year 2024 does not provide a clear comparison due to the lack of available market rent data. This makes it challenging to assess whether the rent set at this level is competitive or sufficient to cover costs and generate profit.
Second, the affordability of acquisition in ZIP 43058 cannot be fully determined without specific data on the median home value, days on market (DOM), and the percentage of homes that experience price cuts. These metrics are crucial for understanding the local real estate market dynamics and the potential cost and timeline for acquiring investment properties.
Third, tenant demand is also unclear without specific population and renter share data. The percentage of renters in the area is an important indicator of the potential occupancy rate and the stability of rental income.
Verdict: Without precise data on market rents, median home values, days on market, price cut percentages, and the local population's renter share, making a definitive assessment of ZIP 43058's suitability for real estate investment is impossible. Landlords and investors should seek out detailed local market reports and consult with real estate professionals to gain a comprehensive understanding of the area's financial viability. It is imperative to have accurate figures to determine if the rent math works, if acquisitions are affordable, and if there is sufficient tenant demand to support investment activities in this region.
Data Sources: FMR data from HUD (2027).
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.