Skip to main content
Loading page
Delaware County/Columbus/43240

43240

ZIPSAFMR
Delaware County, OH
Zillow

ZIP Investment Score

91Below average

095130300
BRFMR
Eff. Rent
0 BR$1,500$1,190
1 BR$1,600$1,420
2 BR$1,910$1,980
3 BR$2,280$2,350
4 BR$2,590$2,680
5 BR$2,978Not available
6 BR$3,425Not available
7 BR$3,939Not available
8 BR$4,530Not available

Purchase Price Calculator

Maximum purchase price
$232,311

Cost breakdown

+Likely effective rent$1,980
HUD FMR$1,910
Market rent$2,020
Est. payment standard (104%)Used$1,980
-Principal and interest-$1,175
Loan amount$185,849
Down payment$46,462
Rate6.50%
Term30 years
-Operating costs-$605
Property taxes-$232
Insurance-$175
Utilities$0
HOA$0
Management-$198
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,721(68.3% ROI)
Projected value
$250,173
Return breakdown
Property appreciation+$17,863
Loan principal paid down+$6,659
Rental cash flow+$7,200
5-year hold
+$54,401(117.1% ROI)
Projected value
$262,838
Return breakdown
Property appreciation+$30,528
Loan principal paid down+$11,874
Rental cash flow+$12,000
10-year hold
+$117,360(252.6% ROI)
Projected value
$297,377
Return breakdown
Property appreciation+$65,067
Loan principal paid down+$28,293
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.26
1 BR
1.13
2 BR
0.95
3 BR
0.96
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 43240 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43240 (Columbus, OH) is $1,910 a month. That is up 9.1% from $1,750 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 26 ZIP codes in Delaware County, 43240 has the 9th-highest two-bedroom rent (county range $1,040–$2,300). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43240 is 82% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 43240
BedroomsFY 2027Change90–110% range
Studio$1,500+10.3%$1,350–$1,650
1BR$1,600+9.6%$1,440–$1,760
2BR$1,910+9.1%$1,719–$2,101
3BR$2,280+8.6%$2,052–$2,508
4BR$2,590+9.7%$2,331–$2,849

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 43240
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,500$1,600$1,910$2,280$2,590
FY 2026$1,360$1,460$1,750$2,100$2,360
FY 2025$1,370$1,480$1,790$2,160$2,400
FY 2024$1,200$1,320$1,610$1,950$2,160
FY 2023$1,040$1,160$1,440$1,770$1,950

Two-bedroom rent in nearby Delaware County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 43240
43065$2,180+14.1%
43066$1,340−29.8%
43074$2,040+6.8%
43081$1,940+1.6%
43082$2,080+8.9%
43086$1,750−8.4%
43235$1,900−0.5%
43240Current$1,910—
43334$1,270−33.5%
43342$1,210−36.6%
43344$1,100−42.4%
43356$1,110−41.9%

Questions about ZIP 43240 rents

How much will Section 8 pay for a two-bedroom in ZIP 43240?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,910, that basic range is $1,719 to $2,101 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 43240 in?

ZIP 43240 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 43240 for FY 2027?

The two-bedroom FMR rose 9.1%, from $1,750 in FY 2026 to $1,910 in FY 2027. Since FY 2023 it has risen 32.6%.

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