FMR is near market; voucher and private rents are aligned.
0.94
1 BR
1 BR
1.04ratio
FMR$1,280
Market$1,230
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.04
2 BR
2 BR
1.17ratio
FMR$1,520
Market$1,300
vs market+$220
FMR is above market; underwrite to market rent.
1.17
3 BR
3 BR
0.92ratio
FMR$1,810
Market$1,970
vs market-$160
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR
0.88ratio
FMR$2,060
Market$2,340
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.88
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
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ZIP 43217 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43217 (Columbus, OH) is $1,520 a month. That is up 14.3% from $1,330 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, 43217 is tied for the 38th-highest two-bedroom rent (county range $1,000–$2,350). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43217 is 45% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 43217
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,030
$1,190
+15.5%
$1,071–$1,309
1BR
$1,110
$1,280
+15.3%
$1,152–$1,408
2BR
$1,330
$1,520
+14.3%
$1,368–$1,672
3BR
$1,590
$1,810
+13.8%
$1,629–$1,991
4BR
$1,790
$2,060
+15.1%
$1,854–$2,266
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 43217
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,190
$1,280
$1,520
$1,810
$2,060
FY 2026
$1,030
$1,110
$1,330
$1,590
$1,790
FY 2025
$1,000
$1,080
$1,310
$1,580
$1,760
FY 2024
$880
$970
$1,180
$1,430
$1,580
FY 2023
$770
$870
$1,070
$1,310
$1,450
Two-bedroom rent in nearby Franklin County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 43217?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,520, that basic range is $1,368 to $1,672 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 43217 in?
ZIP 43217 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 43217 for FY 2027?
The two-bedroom FMR rose 14.3%, from $1,330 in FY 2026 to $1,520 in FY 2027. Since FY 2023 it has risen 42.1%.
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