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Delaware County/Galena/43021

43021

ZIPSAFMR
Delaware County, OH
Zillow

ZIP Investment Score

47Below average

095130300
BRFMR
Eff. Rent
0 BR$1,330$1,460
1 BR$1,430$1,570
2 BR$1,700$1,870
3 BR$2,030$2,230
4 BR$2,300$2,530
5 BR$2,645Not available
6 BR$3,042Not available
7 BR$3,498Not available
8 BR$4,023Not available

Purchase Price Calculator

Maximum purchase price
$215,965

Cost breakdown

+Likely effective rent$1,870
HUD FMR$1,700
Market rent$2,350
Est. payment standard (110%)Used$1,870
-Principal and interest-$1,092
Loan amount$172,772
Down payment$43,193
Rate6.50%
Term30 years
-Operating costs-$578
Property taxes-$216
Insurance-$175
Utilities$0
HOA$0
Management-$187
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,996(69.4% ROI)
Projected value
$232,570
Return breakdown
Property appreciation+$16,606
Loan principal paid down+$6,190
Rental cash flow+$7,200
5-year hold
+$51,418(119.0% ROI)
Projected value
$244,344
Return breakdown
Property appreciation+$28,380
Loan principal paid down+$11,038
Rental cash flow+$12,000
10-year hold
+$110,791(256.5% ROI)
Projected value
$276,453
Return breakdown
Property appreciation+$60,488
Loan principal paid down+$26,303
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.63
1 BR
0.75
2 BR
0.72
3 BR
0.77
4 BR
0.76
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 43021 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43021 (Galena, OH) is $1,700 a month. That is up 11.8% from $1,520 in FY 2026. Galena 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, 43021 has the 14th-highest two-bedroom rent (county range $1,040–$2,300). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43021 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 43021
BedroomsFY 2027Change90–110% range
Studio$1,330+12.7%$1,197–$1,463
1BR$1,430+12.6%$1,287–$1,573
2BR$1,700+11.8%$1,530–$1,870
3BR$2,030+11.5%$1,827–$2,233
4BR$2,300+12.2%$2,070–$2,530

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 43021
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,330$1,430$1,700$2,030$2,300
FY 2026$1,180$1,270$1,520$1,820$2,050
FY 2025$1,180$1,280$1,550$1,870$2,080
FY 2024$1,100$1,200$1,470$1,780$1,970
FY 2023$1,010$1,120$1,390$1,700$1,890

Two-bedroom rent in nearby Delaware County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 43021
43003$1,330−21.8%
43011$1,040−38.8%
43013$1,450−14.7%
43015$1,610−5.3%
43016$2,180+28.2%
43017$1,970+15.9%
43021Current$1,700—
43031$1,460−14.1%
43032$1,850+8.8%
43035$2,020+18.8%
43040$1,590−6.5%
43054$2,300+35.3%

Questions about ZIP 43021 rents

How much will Section 8 pay for a two-bedroom in ZIP 43021?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,700, that basic range is $1,530 to $1,870 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 43021 in?

ZIP 43021 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 43021 for FY 2027?

The two-bedroom FMR rose 11.8%, from $1,520 in FY 2026 to $1,700 in FY 2027. Since FY 2023 it has risen 22.3%.

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 rentGalena, OH fair market rentOH statewide rentsWhat is SAFMR?Data sources