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Franklin County/Westerville/43081

43081

ZIPSAFMR
Franklin County, OH
Zillow

ZIP Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$1,520$1,190
1 BR$1,630$1,430
2 BR$1,940$1,900
3 BR$2,310$2,270
4 BR$2,630$2,650
5 BR$3,024Not available
6 BR$3,478Not available
7 BR$4,000Not available
8 BR$4,600Not available

Purchase Price Calculator

Maximum purchase price
$220,423

Cost breakdown

+Likely effective rent$1,900
HUD FMR$1,940
Market rentUsed$1,900
Est. payment standard (99%)$1,910
-Principal and interest-$1,115
Loan amount$176,338
Down payment$44,085
Rate6.50%
Term30 years
-Operating costs-$585
Property taxes-$220
Insurance-$175
Utilities$0
HOA$0
Management-$190
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$30,466(69.1% ROI)
Projected value
$237,371
Return breakdown
Property appreciation+$16,948
Loan principal paid down+$6,318
Rental cash flow+$7,200
5-year hold
+$52,232(118.5% ROI)
Projected value
$249,388
Return breakdown
Property appreciation+$28,965
Loan principal paid down+$11,266
Rental cash flow+$12,000
10-year hold
+$112,583(255.4% ROI)
Projected value
$282,160
Return breakdown
Property appreciation+$61,737
Loan principal paid down+$26,846
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.28
1 BR
1.14
2 BR
1.02
3 BR
1.02
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 43081 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43081 (Westerville, OH) is $1,940 a month. That is up 14.1% from $1,700 in FY 2026. Westerville 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 59 ZIP codes in Franklin County, 43081 has the 11th-highest two-bedroom rent (county range $1,000–$2,350). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43081 is 85% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 43081
BedroomsFY 2027Change90–110% range
Studio$1,520+15.2%$1,368–$1,672
1BR$1,630+14.8%$1,467–$1,793
2BR$1,940+14.1%$1,746–$2,134
3BR$2,310+13.2%$2,079–$2,541
4BR$2,630+14.8%$2,367–$2,893

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 43081
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,520$1,630$1,940$2,310$2,630
FY 2026$1,320$1,420$1,700$2,040$2,290
FY 2025$1,280$1,390$1,680$2,020$2,250
FY 2024$1,130$1,240$1,510$1,830$2,020
FY 2023$1,000$1,120$1,380$1,690$1,870

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 43081
43054$2,300+18.6%
43062$1,770−8.8%
43064$1,880−3.1%
43065$2,180+12.4%
43068$1,680−13.4%
43081Current$1,940—
43082$2,080+7.2%
43085$1,850−4.6%
43086$1,750−9.8%
43109$1,470−24.2%
43110$1,600−17.5%
43119$1,720−11.3%

Questions about ZIP 43081 rents

How much will Section 8 pay for a two-bedroom in ZIP 43081?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,940, that basic range is $1,746 to $2,134 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 43081 in?

ZIP 43081 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 43081 for FY 2027?

The two-bedroom FMR rose 14.1%, from $1,700 in FY 2026 to $1,940 in FY 2027. Since FY 2023 it has risen 40.6%.

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