Location: Columbus, OH | Metro: Columbus, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,270 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,620 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,200 |
| 5 Bedrooms | $2,552 |
| 6 Bedrooms | $2,858 |
| 7 Bedrooms | $3,087 |
| 8 Bedrooms | $3,241 |
The rent math in ZIP 43216 does not work based on the available data. The Fair Market Rent (FMR) set by HUD for the area in fiscal year 2024 is $1320. However, the market rent data is not available, which makes it impossible to compare the FMR against what landlords can realistically charge.
Acquisition in ZIP 43216 is not assessable due to missing data points. The median home value is not provided, nor is the number of days on the market (DOM) or the percentage of homes that require price cuts. Without these specifics, it's challenging to determine the affordability of acquiring rental properties in this area.
Tenant demand in ZIP 43216 cannot be quantified with the given information. The population count and the percentage of renters in the area are both listed as N/A, leaving us without a clear understanding of how many potential tenants might be interested in renting properties here.
Verdict: Due to the lack of specific data on market rents, median home values, days on the market, price cut percentages, population, and renter share, a comprehensive analysis of ZIP 43216's viability for landlords and small-portfolio investors cannot be conducted. More detailed information is required to make informed decisions regarding rental property investments in this area.
Data Sources: FMR data from HUD (2027).
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.