Delaware County/Delaware/43015

43015

ZIPSAFMR

Delaware County, OH

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ZIP Investment Score

76Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,260	$1,080	10.3%
1 BR	$1,350	$1,230	9.4%
2 BR	$1,610	$1,620	8.5%
3 BR	$1,920	$2,020	8.1%
4 BR	$2,180	$2,400	8.9%
5 BR	$2,507	Not available	8.9%
6 BR	$2,883	Not available	8.9%
7 BR	$3,316	Not available	8.9%
8 BR	$3,813	Not available	8.9%

Purchase Price Calculator

Maximum purchase price

$178,815

Cost breakdown

+Likely effective rent$1,620

HUD FMR$1,610

Market rent$1,630

Est. payment standard (101%)Used$1,620

-Principal and interest-$904

Loan amount$143,052

Down payment$35,763

Rate6.50%

Term30 years

-Operating costs-$516

Property taxes-$179

Insurance-$175

Utilities$0

HOA$0

Management-$162

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$26,074(72.9% ROI)

Projected value

$192,564

Return breakdown

Property appreciation+$13,749

Loan principal paid down+$5,125

Rental cash flow+$7,200

5-year hold

+$44,637(124.8% ROI)

Projected value

$202,313

Return breakdown

Property appreciation+$23,498

Loan principal paid down+$9,140

Rental cash flow+$12,000

10-year hold

+$95,861(268.0% ROI)

Projected value

$228,898

Return breakdown

Property appreciation+$50,083

Loan principal paid down+$21,778

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.17ratio

FMR$1,260

Market$1,080

vs market+$180

FMR is above market; underwrite to market rent.

1.17

1 BR

1.10ratio

FMR$1,350

Market$1,230

vs market+$120

FMR is near market; voucher and private rents are aligned.

1.10

2 BR

0.99ratio

FMR$1,610

Market$1,630

vs market-$20

FMR is near market; voucher and private rents are aligned.

0.99

3 BR

0.92ratio

FMR$1,920

Market$2,080

vs market-$160

FMR is near market; voucher and private rents are aligned.

0.92

4 BR

0.81ratio

FMR$2,180

Market$2,690

vs market-$510

FMR is below market; voucher rent may lag private rents.

0.81

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 43015 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43015 (Delaware, OH) is $1,610 a month. That is up 14.2% from $1,410 in FY 2026. Delaware is in the Columbus, OH HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 26 ZIP codes in Delaware County, 43015 has the 15th-highest two-bedroom rent (county range $1,040–$2,300). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43015 is 54% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 43015
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,100	$1,260	+14.5%	$1,134–$1,386
1BR	$1,180	$1,350	+14.4%	$1,215–$1,485
2BR	$1,410	$1,610	+14.2%	$1,449–$1,771
3BR	$1,690	$1,920	+13.6%	$1,728–$2,112
4BR	$1,900	$2,180	+14.7%	$1,962–$2,398

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 43015
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,260	$1,350	$1,610	$1,920	$2,180
FY 2026	$1,100	$1,180	$1,410	$1,690	$1,900
FY 2025	$1,080	$1,160	$1,410	$1,700	$1,890
FY 2024	$940	$1,030	$1,260	$1,520	$1,690
FY 2023	$830	$920	$1,140	$1,400	$1,550

Two-bedroom rent in nearby Delaware County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 43015
43003	$1,330	−17.4%
43011	$1,040	−35.4%
43013	$1,450	−9.9%
43015Current	$1,610	—
43016	$2,180	+35.4%
43017	$1,970	+22.4%
43021	$1,700	+5.6%
43031	$1,460	−9.3%
43032	$1,850	+14.9%
43035	$2,020	+25.5%
43040	$1,590	−1.2%
43054	$2,300	+42.9%

Questions about ZIP 43015 rents

How much will Section 8 pay for a two-bedroom in ZIP 43015?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,610, that basic range is $1,449 to $1,771 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 43015 in?

ZIP 43015 is in the Columbus, OH HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 43015 for FY 2027?

The two-bedroom FMR rose 14.2%, from $1,410 in FY 2026 to $1,610 in FY 2027. Since FY 2023 it has risen 41.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rent Delaware, OH fair market rent OH statewide rents What is SAFMR?Data sources