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Franklin County/Columbus/43220

43220

ZIPSAFMR
Franklin County, OH
Zillow

ZIP Investment Score

45Below average

095130300
BRFMR
Eff. Rent
0 BR$1,300$1,400
1 BR$1,390$1,530
2 BR$1,650$1,750
3 BR$1,970$2,170
4 BR$2,240$2,460
5 BR$2,576Not available
6 BR$2,962Not available
7 BR$3,407Not available
8 BR$3,918Not available

Purchase Price Calculator

Maximum purchase price
$198,133

Cost breakdown

+Likely effective rent$1,750
HUD FMR$1,650
Market rent$1,810
Est. payment standard (106%)Used$1,750
-Principal and interest-$1,002
Loan amount$158,506
Down payment$39,627
Rate6.50%
Term30 years
-Operating costs-$548
Property taxes-$198
Insurance-$175
Utilities$0
HOA$0
Management-$175
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,113(70.9% ROI)
Projected value
$213,367
Return breakdown
Property appreciation+$15,235
Loan principal paid down+$5,679
Rental cash flow+$7,200
5-year hold
+$48,163(121.5% ROI)
Projected value
$224,169
Return breakdown
Property appreciation+$26,036
Loan principal paid down+$10,127
Rental cash flow+$12,000
10-year hold
+$103,625(261.5% ROI)
Projected value
$253,627
Return breakdown
Property appreciation+$55,494
Loan principal paid down+$24,131
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
0.84
2 BR
0.91
3 BR
0.75
4 BR
0.73
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 43220 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43220 (Columbus, OH) is $1,650 a month. That is up 11.5% from $1,480 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, 43220 is tied for the 24th-highest two-bedroom rent (county range $1,000–$2,350). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43220 is 57% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 43220
BedroomsFY 2027Change90–110% range
Studio$1,300+13.0%$1,170–$1,430
1BR$1,390+12.1%$1,251–$1,529
2BR$1,650+11.5%$1,485–$1,815
3BR$1,970+11.3%$1,773–$2,167
4BR$2,240+12.6%$2,016–$2,464

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 43220
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,300$1,390$1,650$1,970$2,240
FY 2026$1,150$1,240$1,480$1,770$1,990
FY 2025$1,140$1,230$1,490$1,800$2,000
FY 2024$1,040$1,140$1,390$1,680$1,860
FY 2023$930$1,040$1,290$1,580$1,750

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 43220
43214$1,6500.0%
43215$2,350+42.4%
43216$1,620−1.8%
43217$1,520−7.9%
43218$1,620−1.8%
43219$1,630−1.2%
43220Current$1,650—
43221$1,970+19.4%
43222$1,260−23.6%
43223$1,440−12.7%
43224$1,350−18.2%
43226$1,620−1.8%

Questions about ZIP 43220 rents

How much will Section 8 pay for a two-bedroom in ZIP 43220?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,650, that basic range is $1,485 to $1,815 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 43220 in?

ZIP 43220 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 43220 for FY 2027?

The two-bedroom FMR rose 11.5%, from $1,480 in FY 2026 to $1,650 in FY 2027. Since FY 2023 it has risen 27.9%.

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