Section 8 Fair Market Rent (FMR) for ZIP 43126 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 43126, located in the heart of central Ohio, offers a stable environment for real estate investment, particularly for those interested in Section 8 properties. This area benefits from a mix of residential and commercial spaces, providing a solid foundation for both rental and property value growth.

• The Fair Market Rent (FMR) for ZIP 43126 for fiscal year 2024 is set at $1280, which represents the maximum amount that a Section 8 tenant can be expected to pay for rent.
• The average market rent in the area, according to Census ACS data, is $683, indicating that there is a significant gap between the market rent and the FMR, which could be advantageous for landlords participating in the Section 8 program.
• Renters make up 27.9% of the population in ZIP 43126, suggesting a moderate demand for rental properties. However, this figure does not provide the complete picture without knowing the total number of households.
• The median income in the area is $63,333, which is a key factor in determining the eligibility of tenants for the Section 8 program. Landlords should ensure that their properties meet the income requirements for potential tenants.
• Note that the median home value is not available for ZIP 43126, which makes it difficult to assess the overall property value trends in the area. However, the focus on rental properties, especially those in the Section 8 program, remains a viable investment strategy.
• The Days on Market (DOM) is also not available, which would typically indicate how quickly rental properties are leased. Without this information, it's challenging to gauge the speed of occupancy in the area.

Synthesizing these points, investing in Section 8 properties in ZIP 43126 presents an opportunity for steady cash flow, given the established FMR and the gap between it and the market rent. The moderate renter share suggests a balanced market, while the median income provides a benchmark for tenant eligibility. Despite the lack of data on median home values and DOM, the stability of the local economy and the support offered through the Section 8 program can still present a favorable investment scenario for landlords and small-portfolio investors.

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.