FMR is below market; voucher rent may lag private rents.
0.90
1 BR
1 BR
0.95ratio
FMR$1,550
Market$1,640
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.95
2 BR
2 BR
0.89ratio
FMR$1,850
Market$2,080
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.89
3 BR
3 BR
1.03ratio
FMR$2,200
Market$2,140
vs market+$60
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR
0.94ratio
FMR$2,510
Market$2,680
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.94
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 43032 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43032 (Delaware County, OH) is $1,850 a month. That is up 12.8% from $1,640 in FY 2026. Delaware County 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, 43032 has the 12th-highest two-bedroom rent (county range $1,040–$2,300). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43032 is 77% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 43032
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,270
$1,450
+14.2%
$1,305–$1,595
1BR
$1,370
$1,550
+13.1%
$1,395–$1,705
2BR
$1,640
$1,850
+12.8%
$1,665–$2,035
3BR
$1,970
$2,200
+11.7%
$1,980–$2,420
4BR
$2,210
$2,510
+13.6%
$2,259–$2,761
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 43032
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,450
$1,550
$1,850
$2,200
$2,510
FY 2026
$1,270
$1,370
$1,640
$1,970
$2,210
FY 2025
$1,250
$1,360
$1,640
$1,980
$2,200
FY 2024
$1,090
$1,190
$1,460
$1,770
$1,960
FY 2023
$830
$920
$1,140
$1,400
$1,550
Two-bedroom rent in nearby Delaware County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 43032?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,850, that basic range is $1,665 to $2,035 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 43032 in?
ZIP 43032 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 43032 for FY 2027?
The two-bedroom FMR rose 12.8%, from $1,640 in FY 2026 to $1,850 in FY 2027. Since FY 2023 it has risen 62.3%.
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