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 | $1,130 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,710 |
| 4 Bedrooms | $1,950 |
| 5 Bedrooms | $2,262 |
| 6 Bedrooms | $2,533 |
| 7 Bedrooms | $2,736 |
| 8 Bedrooms | $2,873 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,710 | $315,789 | 0.54% | F |
| 4BR | $1,950 | $367,417 | 0.53% | F |
U.S. Census Bureau data (2024)
18.5% of the residents in ZIP 43137 are renters, indicating a significant portion of the population relies on rental housing. The Fair Market Rent (FMR) for the area, as of fiscal year 2024, is set at $1100, which serves as a benchmark for affordable rental units. Comparatively, the market rent, known as ZORI, stands at $1,749, suggesting that properties priced around the FMR can attract a substantial tenant pool seeking affordable options. For landlords and small-portfolio investors, the median home value of $313,187 offers insight into the overall property values in the area, though it's important to focus on rental metrics given the target audience.
$49,145 is the median income in ZIP 43137, which is crucial for assessing the financial capability of potential tenants. While the data does not provide a specific figure for days on market (DOM), nor a percentage for price-cut share, these numbers would typically help gauge the competitiveness of the rental market and the speed at which properties are leased. Given the disparity between the FMR and ZORI, there appears to be a strong demand for affordable rentals, aligning well with the Section 8 program.
The Section 8 Housing Choice Voucher program provides subsidies to low-income families, making it an attractive option for landlords who can secure a steady stream of income. With the FMR significantly lower than the market rent, properties that meet the program's criteria could benefit from a higher occupancy rate and reduced vacancy periods. The program's guidelines ensure that tenants pay approximately 30% of their income towards rent, which in this case would be about $1,475 based on the median income, comfortably below the market rent but above the FMR. This balance makes it feasible for landlords to cover their costs while providing affordable housing.
In conclusion, ZIP 43137 presents a favorable environment for Section 8 participation, with a notable renter share and a significant gap between market rents and the FMR. Landlords should consider the program as a reliable means of securing tenants in a competitive market. Verdict: Engage with Section 8 for stable returns and high occupancy rates.
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.