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 | $930 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,190 | $281,210 | 0.42% | F |
| 3BR | $1,420 | $403,092 | 0.35% | F |
| 4BR | $1,610 | $532,658 | 0.3% | F |
U.S. Census Bureau data (2024)
The ZIP code 43112, located in Carroll, OH, stands out within Fairfield County due to its unique demographic and economic characteristics. With a population of 4,909 residents, only 14.4% of whom rent their homes, it indicates a predominantly owner-occupied community. The median income of $91,613 suggests that the majority of residents have above-average financial stability compared to the national average. Additionally, the median home value of $427,941 highlights a relatively affluent area, where homeownership is valued and financially feasible.
When considering the voucher economics, the Federal Market Rent (FMR) for ZIP 43112 is set at $1,190 for fiscal year 2024, which is notably higher than the market rent of $1,030 as reported by the Census Bureau's American Community Survey (ACS). This discrepancy means that landlords participating in the Section 8 program can expect to receive a higher rental rate than the current market average, potentially making it an attractive option for property owners in Carroll, OH. The higher FMR also implies that tenants with vouchers may find it easier to afford housing in this area, as the subsidy covers a larger portion of the rent.
The data signature for ZIP 43112 reads as stable. The low percentage of renters combined with a high median income and home value suggests that the community has a strong foundation of long-term homeowners. This stability is further reinforced by the fact that the FMR exceeds the market rent, indicating a healthy balance between the affordability of housing and the financial support available through the Section 8 program. For landlords and small-portfolio investors, this ZIP code offers a reliable environment with potential benefits from the Section 8 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.