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 |
1320 is the Fair Market Rent (FMR) for ZIP code 43236 in fiscal year 2024, setting a clear benchmark for rental properties in this area. Despite this figure, the market rent remains unspecified, suggesting a lack of comprehensive data on current rental prices. The median home value also lacks specificity, indicating that there might be significant variability or insufficient data points to determine an average. With a 1320 FMR, landlords should ensure their rents align with this standard to remain competitive and compliant with HUD guidelines. The renter share percentage is not available, which means we cannot accurately gauge the proportion of residents who prefer renting over owning homes. This absence of data can be critical for understanding demand dynamics but must be inferred from other sources or trends. The median income is similarly unreported, leaving a gap in our understanding of the financial capacity of local residents. Days on Market (DOM) is listed as N/A, implying that either the data is not collected or the real estate market in 43236 is stable, with properties selling quickly. The price-cut share percentage is also not provided, making it difficult to assess the frequency of price reductions among listings. For landlords and small-portfolio investors, the 1320 FMR serves as a guideline for pricing units to attract Section 8 tenants. Given the limited availability of other metrics, decisions regarding investment in this area should heavily weigh the 1320 FMR against potential rental income and market conditions.
Section 8 verdict: ZIP 43236 presents a clear FMR of 1320, essential for landlords seeking to comply with HUD standards and attract Section 8 tenants, though broader market insights remain elusive due to missing data points.
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.