Location: Columbus, OH | Metro: Columbus, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 43109 in fiscal year 2024 is set at $1,190. This figure represents the payment standard for Section 8 vouchers, meaning that tenants with vouchers will receive up to $1,190 per month to cover their rent. It's important to note that this is not the amount you can charge for rent; rather, it's the maximum amount the voucher program will pay.
To put this into context, the average rent for ZIP 43109, according to recent Census Bureau data, is $1,131. This suggests that the FMR is slightly above the average market rate, which could be advantageous if your property meets the quality standards required by the Housing Choice Voucher Program.
The renter share in this area is 59.7%, indicating a strong demand for rental properties. With nearly 60% of households renting, there is a significant pool of potential tenants who might benefit from Section 8 vouchers. However, the acquisition cost is listed as N/A, which means that specific data on how much landlords typically pay to acquire rental properties in this ZIP code is not available. This doesn't necessarily mean there's no opportunity, but it does suggest that you'll need to do thorough research on local real estate values to ensure your investment is sound.
Before proceeding with a Section 8 rental, one key thing to verify is that your property meets the Housing Quality Standards (HQS). These standards ensure that the home is safe, decent, and sanitary for tenants. If your property passes the HQS inspection, you can confidently move forward with accepting Section 8 tenants, knowing that you'll receive reliable monthly payments up to the FMR of $1,190.
In summary, the FMR of $1,190 provides a benchmark for the maximum voucher payment, slightly exceeding the average local rent of $1,131. The high renter share indicates robust demand, and while specific acquisition costs are not available, ensuring your property meets HQS is crucial for a successful Section 8 rental venture.
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.