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 | $1,020 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,600 | $416,910 | 0.38% | F |
| 4BR | $1,790 | $541,753 | 0.33% | F |
U.S. Census Bureau data (2024)
The ZIP code 43066 stands out due to its unique demographic and economic characteristics. With only 1,368 residents, it has a relatively low population density, which is unusual for areas typically considered for housing analysis. However, the percentage of renters at 8.3% is also notably low, indicating that homeownership is the dominant form of residence in this area. The median income of $129,012 suggests a higher-than-average earning potential among the residents, while the median home value of $413,566 reflects a premium property market.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 43066 in fiscal year 2024 is set at $1,290. This figure is critical for landlords and investors to understand, as it represents the maximum rent that can be charged to tenants using vouchers. Unfortunately, the market rent data is currently unavailable, which makes direct comparisons challenging. However, based on the median home value and the FMR, it appears that the rental market in this ZIP code might be slightly above average, potentially offering opportunities for those who can provide quality rental units that meet the needs of voucher holders.
In summary, the data signature for ZIP 43066 reads as stable, with strong indicators of economic health and a preference for homeownership over renting. Landlords and small-portfolio investors should focus on providing high-quality rental properties that align with the FMR guidelines to attract tenants utilizing Section 8 vouchers. The low rental rate and high median income suggest a niche market where demand for affordable housing is lower compared to other areas, but still present for those who qualify under the voucher program.
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.