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Franklin County/Columbus/43206

43206

ZIPSAFMR
Franklin County, OH
Zillow

ZIP Investment Score

91Below average

095130300
BRFMR
Eff. Rent
0 BR$1,310$1,260
1 BR$1,400$1,290
2 BR$1,670$1,660
3 BR$1,990$1,940
4 BR$2,260$2,000
5 BR$2,599Not available
6 BR$2,989Not available
7 BR$3,437Not available
8 BR$3,953Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,670
Market rentUsed$1,660
Est. payment standard (100%)$1,660
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.04
1 BR
1.09
2 BR
1.01
3 BR
1.03
4 BR
1.13
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 43206 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43206 (Columbus, OH) is $1,670 a month. That is up 15.2% from $1,450 in FY 2026. Columbus 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, 43206 has the 23rd-highest two-bedroom rent (county range $1,000–$2,350). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43206 is 59% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 43206
BedroomsFY 2027Change90–110% range
Studio$1,310+15.9%$1,179–$1,441
1BR$1,400+15.7%$1,260–$1,540
2BR$1,670+15.2%$1,503–$1,837
3BR$1,990+14.4%$1,791–$2,189
4BR$2,260+15.9%$2,034–$2,486

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 43206
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,310$1,400$1,670$1,990$2,260
FY 2026$1,130$1,210$1,450$1,740$1,950
FY 2025$1,070$1,160$1,400$1,690$1,880
FY 2024$930$1,020$1,250$1,510$1,680
FY 2023$820$910$1,130$1,390$1,530

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 43206
43201$1,690+1.2%
43202$1,510−9.6%
43203$1,300−22.2%
43204$1,480−11.4%
43205$1,380−17.4%
43206Current$1,670—
43207$1,420−15.0%
43209$1,510−9.6%
43210$1,000−40.1%
43211$1,340−19.8%
43212$1,760+5.4%
43213$1,450−13.2%

Questions about ZIP 43206 rents

How much will Section 8 pay for a two-bedroom in ZIP 43206?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,670, that basic range is $1,503 to $1,837 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 43206 in?

ZIP 43206 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 43206 for FY 2027?

The two-bedroom FMR rose 15.2%, from $1,450 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 47.8%.

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

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