Median rents, rental comps, and market trends across 11 zip codes in Columbus, OH.
Ohio State was already keeping vacancy low. Then Intel announced a $20 billion fab nearby and a growing tech scene showed up. Strongest growth story in the Midwest right now, and the rental market data reflects it.
Median Asking Rent
$1,389
Rent Change (YoY)
-3.5%
Avg Days on Market
58
Active Rental Listings
2,236
Median List Price
$355,400
Average across 11 zip codes
ZIP | Median Rent |
|---|---|
| 43214 | $1,650/mo |
| 43215 | $1,500/mo |
| 43212 | $1,475/mo |
| 43201 | $1,450/mo |
| 43206 | $1,400/mo |
| 43202 | $1,399/mo |
| 43220 | $1,375/mo |
| 43205 | $1,300/mo |
| 43211 | $1,250/mo |
| 43203 | $1,199/mo |
| 43204 | $1,100/mo |
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| Unit Size | Median Rent |
|---|---|
| Studio | $985/mo |
| 1 Bedroom | $1,045/mo |
| 2 Bedroom | $1,350/mo |
| 3 Bedroom | $1,700/mo |
| 4 Bedroom | $2,400/mo |
Aggregated median across all Columbus zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 43201 | $472,000 |
| 43212 | $470,000 |
| 43202 | $450,000 |
| 43214 | $450,000 |
| 43215 | $445,000 |
| 43205 | $355,400 |
| 43220 | $324,900 |
| 43206 | $299,000 |
| 43203 | $225,000 |
| 43204 | $205,000 |
| 43211 | $164,000 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $1,670/mo |
| 1 Bedroom | $1,790/mo |
| 2 Bedroom | $2,150/mo |
| 3 Bedroom | $2,580/mo |
| 4 Bedroom | $2,900/mo |
Fair Market Rents are published annually by HUD for the Columbus metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Columbus, OH is currently $1,389/month, based on active rental listings across 11 zip codes. Median asking rents have decreased by -3.5% over the past 12 months.
Asking rents vary significantly across the city. ZIP 43214 has the highest median asking rent at $1,650/month, while ZIP 43204 comes in at $1,100/month.
Rental listings in the area spend an average of 58 days on market before being leased, suggesting a more tenant-friendly market.
The HUD Fair Market Rent for a 2-bedroom in the Columbus metro area is $2,150/month. Current median asking rents are near or below the FMR for this area.
Columbus is the Midwest city that doesn't feel like a Midwest city — it's actually growing. Ohio State brings a massive student and employee base. The tech scene has expanded. And then there's Intel, which is building a massive chip fabrication facility that's bringing billions in investment and thousands of jobs. Short North, German Village, and Grandview Heights are premium. Franklinton has been gentrifying. For investors, Columbus gives you Midwest affordability with growth characteristics that look more like a Sun Belt market. The Intel investment in particular should drive rental demand on the east side of the metro for years. It's a market worth paying attention to.
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