FMR is below market; voucher rent may lag private rents.
0.73
1 BR
1 BR
0.83ratio
FMR$1,140
Market$1,370
vs market-$230
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR
0.73ratio
FMR$1,360
Market$1,870
vs market-$510
FMR is below market; voucher rent may lag private rents.
0.73
3 BR
3 BR
0.77ratio
FMR$1,620
Market$2,110
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.77
4 BR
4 BR
0.73ratio
FMR$1,840
Market$2,520
vs market-$680
FMR is below market; voucher rent may lag private rents.
0.73
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 43073 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43073 (Summit Station, OH) is $1,360 a month. That is up 12.4% from $1,210 in FY 2026. Summit Station 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 34 ZIP codes in Licking County, 43073 is tied for the 14th-highest two-bedroom rent (county range $1,020–$2,300). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43073 is 30% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 43073
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$940
$1,070
+13.8%
$963–$1,177
1BR
$1,010
$1,140
+12.9%
$1,026–$1,254
2BR
$1,210
$1,360
+12.4%
$1,224–$1,496
3BR
$1,450
$1,620
+11.7%
$1,458–$1,782
4BR
$1,630
$1,840
+12.9%
$1,656–$2,024
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 43073
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,070
$1,140
$1,360
$1,620
$1,840
FY 2026
$940
$1,010
$1,210
$1,450
$1,630
FY 2025
$960
$1,030
$1,250
$1,510
$1,680
FY 2024
$860
$940
$1,150
$1,390
$1,540
FY 2023
$750
$840
$1,040
$1,280
$1,410
Two-bedroom rent in nearby Licking County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 43073?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,360, that basic range is $1,224 to $1,496 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 43073 in?
ZIP 43073 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 43073 for FY 2027?
The two-bedroom FMR rose 12.4%, from $1,210 in FY 2026 to $1,360 in FY 2027. Since FY 2023 it has risen 30.8%.
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