Location: Columbus, OH | Metro: Columbus, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The ZIP code 43325 stands as a market in motion, defined by the snapshot of its Fair Market Rent (FMR) at $1080 for zip FY 2024. This figure serves as a benchmark for understanding rental affordability and pricing trends within the area.
A notable absence in the data is the specific market rent and days on market (DOM) figures, suggesting that either the market is relatively stable, or there's a lack of recent turnover that would typically provide such insights. The absence of these metrics can also imply that the real estate market in ZIP 43325 is less active compared to other regions, possibly due to factors like limited new listings or a higher concentration of owner-occupied homes.
The 0.0% renter share indicates a significant trend towards homeownership in the area. This suggests that the long-term housing pressure leans heavily towards owning rather than renting. Such a dynamic can influence property values and investment strategies, as it points to a market where demand for homeownership could be driving the local economy and property appreciation.
While the median home value is not specified, the overall picture hints at a market where supply might be balanced with or slightly exceeding demand. The stable FMR without corresponding fluctuations in market rent or DOM figures supports this interpretation. Landlords and small-portfolio investors must remain vigilant to changes in the broader economic landscape and local policies that could impact this balance.
In summary, ZIP 43325 presents a market where homeownership dominates, and rental dynamics are currently stable but require close monitoring. The FMR at $1080 provides a clear marker for rental pricing, while the lack of other specific metrics calls for a cautious approach to interpreting the overall market health and trajectory.
Data Sources: FMR data from HUD (2027). 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.