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Franklin County/Columbus/43230

43230

ZIPSAFMR
Franklin County, OH
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$1,540$1,160
1 BR$1,650$1,270
2 BR$1,960$1,850
3 BR$2,340$2,150
4 BR$2,660$2,720
5 BR$3,059Not available
6 BR$3,518Not available
7 BR$4,046Not available
8 BR$4,652Not available

Purchase Price Calculator

Maximum purchase price
$212,993

Cost breakdown

+Likely effective rent$1,850
HUD FMR$1,960
Market rentUsed$1,850
Est. payment standard (96%)$1,890
-Principal and interest-$1,077
Loan amount$170,394
Down payment$42,599
Rate6.50%
Term30 years
-Operating costs-$573
Property taxes-$213
Insurance-$175
Utilities$0
HOA$0
Management-$185
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,682(69.7% ROI)
Projected value
$229,370
Return breakdown
Property appreciation+$16,377
Loan principal paid down+$6,105
Rental cash flow+$7,200
5-year hold
+$50,876(119.4% ROI)
Projected value
$240,982
Return breakdown
Property appreciation+$27,989
Loan principal paid down+$10,887
Rental cash flow+$12,000
10-year hold
+$109,597(257.3% ROI)
Projected value
$272,649
Return breakdown
Property appreciation+$59,656
Loan principal paid down+$25,941
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.33
1 BR
1.30
2 BR
1.06
3 BR
1.09
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 43230 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43230 (Columbus, OH) is $1,960 a month. That is up 15.3% from $1,700 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, 43230 has the 10th-highest two-bedroom rent (county range $1,000–$2,350). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43230 is 87% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 43230
BedroomsFY 2027Change90–110% range
Studio$1,540+16.7%$1,386–$1,694
1BR$1,650+16.2%$1,485–$1,815
2BR$1,960+15.3%$1,764–$2,156
3BR$2,340+14.7%$2,106–$2,574
4BR$2,660+16.2%$2,394–$2,926

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 43230
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,540$1,650$1,960$2,340$2,660
FY 2026$1,320$1,420$1,700$2,040$2,290
FY 2025$1,280$1,380$1,670$2,010$2,240
FY 2024$1,130$1,240$1,510$1,830$2,020
FY 2023$990$1,110$1,370$1,680$1,860

Two-bedroom rent in nearby Franklin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 43230
43223$1,440−26.5%
43224$1,350−31.1%
43226$1,620−17.3%
43227$1,560−20.4%
43228$1,520−22.4%
43229$1,480−24.5%
43230Current$1,960—
43231$1,490−24.0%
43232$1,420−27.6%
43234$1,620−17.3%
43235$1,900−3.1%
43236$1,620−17.3%

Questions about ZIP 43230 rents

How much will Section 8 pay for a two-bedroom in ZIP 43230?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,960, that basic range is $1,764 to $2,156 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 43230 in?

ZIP 43230 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 43230 for FY 2027?

The two-bedroom FMR rose 15.3%, from $1,700 in FY 2026 to $1,960 in FY 2027. Since FY 2023 it has risen 43.1%.

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

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