Location: Marion County, 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 | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $189,664 | 0.58% | F |
| 3BR | $1,310 | $246,130 | 0.53% | F |
| 4BR | $1,450 | $328,823 | 0.44% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP 43314 (Caledonia, OH) presents a nuanced scenario for landlords and small-portfolio investors, anchored by the median home value of $230,903. This figure, alongside the absence of percentage reductions in listings and the unspecified median days on market (DOM), suggests a stable market with little indication of immediate price fluctuations. The lack of reduced listings and an undefined DOM period implies that homes are selling at their listed prices, indicating strong pricing power for sellers over the next 12-24 months.
On the rental side, the Fair Market Rent (FMR) for ZIP 43314 in fiscal year 2024 is set at $1,050, while the current market rate, according to the Census ACS, stands at $1,132. This gap signals a slight premium for market rents, which could be advantageous for landlords who can maintain or slightly increase their rental rates without significantly impacting occupancy levels. However, the proximity of FMR to market rates also suggests that there is limited room for substantial rent hikes, as tenants may be sensitive to costs exceeding the FMR threshold.
For long-hold investors, the setup in Caledonia, OH, implies a conservative appreciation thesis. With a stable housing market and little evidence of speculative activity, the potential for rapid price increases is low. Instead, investors should anticipate modest growth in property values, reflective of broader economic trends and gradual improvements in the local economy. The median home value, coupled with the stable listing dynamics, points towards a reliable but steady investment environment, where patience and strategic management will be key to realizing returns.
Summarizing the investment landscape, landlords and small-portfolio investors in ZIP 43314 face a market characterized by stability and moderate pricing power. Rental income can be expected to remain relatively consistent, with opportunities for minor adjustments in rent rates. Long-term appreciation, while not likely to be explosive, offers a solid foundation for those seeking a dependable investment in a calm market environment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.