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Fairfield County/Pickerington/43147

43147

ZIPSAFMR
Fairfield County, OH
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$1,600$1,680
1 BR$1,710$1,730
2 BR$2,040$1,970
3 BR$2,430$2,160
4 BR$2,770$2,610
5 BR$3,185Not available
6 BR$3,663Not available
7 BR$4,213Not available
8 BR$4,845Not available

Purchase Price Calculator

Maximum purchase price
$230,825

Cost breakdown

+Likely effective rent$1,970
HUD FMR$2,040
Market rentUsed$1,970
Est. payment standard (98%)$1,990
-Principal and interest-$1,167
Loan amount$184,660
Down payment$46,165
Rate6.50%
Term30 years
-Operating costs-$603
Property taxes-$231
Insurance-$175
Utilities$0
HOA$0
Management-$197
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,564(68.4% ROI)
Projected value
$248,573
Return breakdown
Property appreciation+$17,748
Loan principal paid down+$6,616
Rental cash flow+$7,200
5-year hold
+$54,130(117.3% ROI)
Projected value
$261,157
Return breakdown
Property appreciation+$30,332
Loan principal paid down+$11,798
Rental cash flow+$12,000
10-year hold
+$116,763(252.9% ROI)
Projected value
$295,475
Return breakdown
Property appreciation+$64,650
Loan principal paid down+$28,112
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.93
1 BR
0.98
2 BR
1.04
3 BR
1.13
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 43147 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43147 (Pickerington, OH) is $2,040 a month. That is up 11.5% from $1,830 in FY 2026. Pickerington 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 20 ZIP codes in Fairfield County, 43147 has the highest two-bedroom rent (county range $1,000–$2,040). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43147 is 95% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 43147
BedroomsFY 2027Change90–110% range
Studio$1,600+12.7%$1,440–$1,760
1BR$1,710+11.8%$1,539–$1,881
2BR$2,040+11.5%$1,836–$2,244
3BR$2,430+11.0%$2,187–$2,673
4BR$2,770+12.1%$2,493–$3,047

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 43147
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,600$1,710$2,040$2,430$2,770
FY 2026$1,420$1,530$1,830$2,190$2,470
FY 2025$1,420$1,540$1,860$2,240$2,500
FY 2024$1,230$1,350$1,650$2,000$2,210
FY 2023$1,060$1,180$1,460$1,790$1,980

Two-bedroom rent in nearby Fairfield County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 43147
43107$1,260−38.2%
43110$1,600−21.6%
43112$1,190−41.7%
43113$1,230−39.7%
43130$1,330−34.8%
43136$1,600−21.6%
43147Current$2,040—
43148$1,330−34.8%
43150$1,000−51.0%
43154$1,410−30.9%
43155$1,220−40.2%
43157$1,400−31.4%

Questions about ZIP 43147 rents

How much will Section 8 pay for a two-bedroom in ZIP 43147?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,040, that basic range is $1,836 to $2,244 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 43147 in?

ZIP 43147 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 43147 for FY 2027?

The two-bedroom FMR rose 11.5%, from $1,830 in FY 2026 to $2,040 in FY 2027. Since FY 2023 it has risen 39.7%.

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