Section 8 Fair Market Rent (FMR) for ZIP 43222 - 2027

Location: Columbus, OH | Metro: Columbus, OH HUD Metro FMR Area

Investment Score for ZIP 43222

Monthly Rent (2BR)

$1,260

Median Price (2BR)

$147,241

1% Rule

0.86%

Annual Yield

10.27%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$990
1 Bedroom	$1,060
2 Bedrooms	$1,260
3 Bedrooms	$1,500
4 Bedrooms	$1,710
5 Bedrooms	$1,984
6 Bedrooms	$2,222
7 Bedrooms	$2,400
8 Bedrooms	$2,520

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,260	$147,241	0.86%	C
3BR	$1,500	$186,555	0.8%	C
4BR	$1,710	$188,013	0.91%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,819

Median Household Income

$32,321

Housing Units

2,369

Renter Percentage

66.4%

Occupancy Rate

79.4%

Renter Occupied

1,249

To integrate ZIP 43222, located within the Columbus, OH HUD Metro FMR area, into a Section 8 portfolio strategy, one must consider the financial metrics and market conditions. This ZIP code stands out as a cash-flow anchor.

The Federal Market Rent (FMR) for ZIP 43222 in fiscal year 2024 is set at $1050. In contrast, the market rent for the same period is $1479, indicating a significant gap. This spread means that landlords can expect steady, guaranteed income through Section 8 vouchers, which will cover a substantial portion of the market rent, ensuring positive cash flow.

The median home value in ZIP 43222 is $162,956. Given the FMR and market rent figures, properties in this area can be acquired and rented out with a high degree of confidence that the rental income will meet or exceed the mortgage payments, thus serving as a reliable cash-flow generator.

Rental Income Stability: With the FMR at $1050 and the market rent at $1479, landlords can secure a stable income source from tenants participating in the Section 8 program.
Market Conditions: The low price-cut share of 0.3% suggests that the market is relatively robust and competitive, reducing the need for landlords to lower their rents significantly to attract tenants.
Tenant Demographics: The median income of $32,321 aligns well with the income limits for Section 8 eligibility, making the ZIP code an ideal location for this type of investment.

The 66.4% renter share in ZIP 43222 further supports the viability of a cash-flow anchor strategy. Landlords can count on a large pool of potential tenants who rely on rental assistance programs, thereby minimizing vacancy rates and ensuring consistent rental income.

In conclusion, ZIP 43222 is best positioned as a cash-flow anchor in a Section 8 portfolio strategy due to the favorable spread between the FMR and market rent, the strong market conditions, and the high percentage of renters eligible for the 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.