ZIP 43219 presents a split signal rather than a single rent story. It is both a Zillow ZIP market identifier and a Census ZCTA match; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP. In June 2026, Zillow ZORI for this ZIP was $1,312 per month, its typical observed asking-rent index blended across rental types. The direct rolling-three-month Redfin ZIP resale observation recorded a $222,700 median sold price, 3.0% below a year earlier. That price decline challenges a simple reading of the current rent level as broad market strength, but it neither forecasts either series nor establishes a link between rental asking prices and individual sale outcomes.
The rent history argues for restraint in reading one current snapshot. It has 100% coverage across 65 observations through its endpoint, with exact same-month ZORI changes annualized at 1.2% over one year, 2.1% over three years, and 4.1% over five years. The recent direction remained upward but slowed materially versus both longer backward-looking paths, a break rather than confirmation of their pace. Annualized monthly-return variability was 3.8%, and the maximum drawdown was 5.1%, fitting the supplied high-variability category. Transparent national discovery ranks were 1,717 for momentum, 2,509 for stability, and 2,427 for balance, where lower ranks are higher. These measurements describe observed history, not expected rent performance, and variability reduces confidence in extrapolating from this month’s index alone.
Relative to wider rent context, the ZIP is lower, although none of these geographies supplies a substitute for ZIP evidence. The Columbus city context rent is $1,456; the Franklin County context rent is $1,510; and the Columbus, OH metro context rent is $1,528. Those city-, county-, and metro-scope figures frame a wider-context price level above the ZIP index, but they are context only rather than listings, leases, or household records for this ZIP. The distinction matters because a city, county, or metro aggregate can blend areas and rental types differently. The ZIP-level ZORI is therefore the relevant current asking-rent reference here, subject to its own index design and history.
Three rent universes must stay separate. The matched Census ZCTA ACS 2024 five-year survey of occupied renter homes puts median gross rent at $1,277; it includes selected utilities and is 2.7% below current ZORI. Its survey construction, occupied-household coverage, and utility treatment differ from Zillow ZORI, so the gap is a source comparison, not proof that currently marketed units cost that amount. HUD’s FY2026 two-bedroom Fair Market Rent is $1,420. HUD FMR/SAFMR is an administrative bedroom-specific standard, not asking rent, while Zillow ZORI is blended across rental types. Each source can inform a separate question, but none is a direct substitute for lease terms at a particular address.
The bedroom view is deliberately modelled rather than observed. It scales ZIP ZORI by the local HUD bedroom ladder, producing modelled monthly ZIP estimates of $1,016 for a studio, $1,099 for one bedroom, $1,312 for two bedrooms, $1,571 for three bedrooms, and $1,765 for four bedrooms. They are not measured bedroom rents, listing medians, or a claim about the rent on any available home. Their pattern simply carries the local HUD bedroom relationship onto the all-types ZORI level. That makes the ladder useful for a consistent size-based screen, but actual rent can differ with lease timing, included utilities, condition, and unit-specific attributes not provided here.
The affordability screen produces a second tension. At a 30% share of gross income, the current monthly ZORI translates arithmetically to $52,480 of required annual income; the matched ZCTA’s ACS median household income is $52,094. The screen is arithmetic only, not advice and not an applicant qualification rule. It also places the index at 30.2% of that annual income benchmark, which is close to the threshold without demonstrating what any renter pays. Separately, ACS reports 3,805 of 7,461 renter households, or 51.0%, as spending that threshold or more of income on rent. That population measure identifies broad reported burden, not a conclusion about a particular household, unit, lease, or ability to pay.
The ACS ZCTA housing-stock picture helps explain why household and market indicators should remain distinct. It counted 13,304 housing units, including 1,228 vacant units, for a 9.2% vacancy rate; 61.8% of occupied homes were renter occupied, and 267 vacancies were classified as for rent. The reported structure mix contains more single-family units than large multifamily units, but this is a five-year survey stock profile rather than a count of currently rentable apartments. Vacancy is neither a live listing feed nor proof that any specific home is empty, available, priced at ZORI, or suitable for a given household. Nor does the burden statistic establish the economics of an individual rental.
Redfin’s direct rolling-three-month ZIP resale series supplies the liquidity detail behind the opening tension: 58 homes sold with a median 57 days on market, inventory increased 32.2% from a year earlier, and months of supply stood at 4.2. The average sale-to-list ratio was 98.0%, while 25.0% of sales closed above list. These are for-sale/resale observations, not rental transactions, rental comparables, or evidence of property operating results. Annualized ZIP ZORI divided by the median sold price equals a 7.1% cross-source screening ratio only; it omits property costs and cannot resolve the price-versus-rent divergence. The weaker resale price and fuller supply challenge a uniformly tight interpretation of the rent history and affordability screen. Relevant property-level checks include actual bedroom-specific asks, lease term, utilities, condition, concessions, recent sale comparables, list history, inspection items, taxes, and fees. Does that address-level evidence support the screen suggested by these ZIP aggregates?
","findings":[{"body":"Zillow’s current $1,312 ZIP asking-rent index remains above its prior-year level, but the one-year change trails the three- and five-year same-month rates. Full history coverage adds confidence that the slowdown is observed rather than a missing-data artifact. High annualized variability and the recorded drawdown mean the latest value is a current index reading, not a durable trend signal.","title":"Rent momentum has decelerated"},{"body":"The 30% income calculation places required annual income almost level with ZCTA median household income, while just over half of renter households reported burden at that threshold or higher in ACS. This joins a current asking-rent screen to a survey-based household-pressure measure without equating either to a tenant’s individual lease, income, or qualification.","title":"Affordability sits near the arithmetic threshold"},{"body":"ZORI describes blended asking rents; ACS gross rent describes occupied renter homes and includes selected utilities; HUD FMR/SAFMR supplies administrative bedroom standards. The studio-through-four-bedroom figures are modelled by applying the local HUD ladder to ZIP ZORI. They provide a consistent size screen, not measurements of observed bedroom rents or substitutes for actual listings.","title":"Source separation prevents false bedroom precision"},{"body":"Redfin’s rolling-three-month ZIP resale data show lower sold prices year over year alongside more inventory and several months of supply. Those for-sale observations are not rental transactions, yet they challenge a uniformly tight market interpretation. The annualized-rent-to-sale-price figure is only a cross-source screening ratio and omits property-specific costs, condition, financing, and transaction details.","title":"Resale signals push against a one-way rent narrative"}],"risks":["ZORI, ACS gross rent, and HUD FMR/SAFMR measure different populations, timing, utility treatment, and purposes; treating them as interchangeable rents can create false conclusions about a current advertised listing.","The Census ZCTA is a statistical geography rather than a USPS delivery ZIP, and ACS is a multi-year survey, so its household and vacancy figures may not describe a current address.","The full observed rent history still includes high monthly-return variability and a drawdown, so a one-month asking-rent index may not carry the same trend confidence as a stable series.","Redfin resale statistics record for-sale outcomes and omit property-specific condition, costs, and transaction terms; neither the screening ratio nor ZIP aggregates establish economics for an individual property."],"qa":[{"a":"ZORI measures a typical observed asking-rent index across rental types at the ZIP level. ACS is a five-year survey of occupied renter homes in the matched ZCTA and includes selected utilities. The difference therefore reflects different timing, populations, and construction, not a measured discount on today’s comparable advertised units.","q":"Why is the ACS rent lower than the ZORI?"},{"a":"It divides the annualized ZIP ZORI by a 30% gross-income threshold to produce a mechanical required-income benchmark. It does not consider debts, household size, credit, subsidies, deposits, utility responsibilities, or lease terms. It is not advice and cannot determine whether any applicant qualifies for any specific home.","q":"What does the 30% income screen measure?"},{"a":"No. The one-year gain is positive but below corresponding three- and five-year annualized changes, so the recent pace breaks from the longer observed trajectory. Complete history coverage improves data completeness, but high variability and the prior drawdown mean a present ZORI reading should not be extrapolated mechanically.","q":"Does the rent history confirm accelerating asking rents?"},{"a":"Redfin’s ZIP observation measures homes that sold in a rolling three-month for-sale window, whereas ZORI measures asking rents. Declining sale price and more supply can challenge a simple tight-market narrative, but they do not establish rental causation. Address-level checks need actual rent asks, utility terms, condition, sale comparables, taxes, fees, and inspection information.","q":"How should readers reconcile resale and rental figures?"}],"sources":[{"key":"apartment_list_time_on_market","name":"Apartment List Time on Market — listing liquidity","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/category/data-rent-estimates"},{"key":"apartment_list_vacancy","name":"Apartment List Vacancy Index — rental vacancy","release":"Apartment List 2026-07","pulledAt":"2026-08-08","url":"https://www.apartmentlist.com/research/apartment-list-vacancy-index-methodology"},{"key":"census_zcta_facts","name":"Census ACS five-year — ZCTA housing and income","release":"ACS 2024 5-year ZCTA","pulledAt":"2026-08-08","url":"https://api.census.gov/data/2024/acs/acs5.html"},{"key":"hud_zip","name":"HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback","release":"ZIP-CBSA 2025Q4 + SAFMR FY2026","pulledAt":"2026-07-26","url":"https://www.huduser.gov/portal/datasets/usps_crosswalk.html"},{"key":"realtor_county","name":"Realtor.com Economic Research — county listing inventory","release":"county inventory 2026-06","pulledAt":"2026-07-28","url":"https://www.realtor.com/research/data/"},{"key":"redfin","name":"Redfin Data Center — inventory, days on market, and price cuts","release":"metro tracker through 2026-05-01","pulledAt":"2026-07-26","url":"https://www.redfin.com/news/data-center/"},{"key":"redfin_zip","name":"Redfin Data Center — ZIP resale activity and supply","release":"ZIP rolling 3 months through 2026-06-30; updated 2026-07-03","pulledAt":"2026-08-12","url":"https://www.redfin.com/news/data-center/"},{"key":"zillow_county","name":"Zillow ZHVI and ZORI — county values and rents","release":"county ZHVI/ZORI 2026-06","pulledAt":"2026-07-26","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori","name":"Zillow ZORI — metro market rents","release":"Metro_zori_uc_sfrcondomfr_sm_sa_month.csv","pulledAt":"2026-07-26","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori_city","name":"Zillow ZORI — city market rents","release":"zillow_zori_city.csv","pulledAt":"2026-07-29","url":"https://www.zillow.com/research/data/"},{"key":"zillow_zori_zip","name":"Zillow ZORI — ZIP market rents","release":"ZORI ZIP 2026-06","pulledAt":"2026-08-08","url":"https://www.zillow.com/research/data/"}],"history":[{"period":"2021-02-01","rent":1016.066339},{"period":"2021-03-01","rent":1022.907696},{"period":"2021-04-01","rent":1035.733599},{"period":"2021-05-01","rent":1056.709512},{"period":"2021-06-01","rent":1075.579379},{"period":"2021-07-01","rent":1092.305811},{"period":"2021-08-01","rent":1107.584874},{"period":"2021-09-01","rent":1124.068181},{"period":"2021-10-01","rent":1124.71982},{"period":"2021-11-01","rent":1121.078019},{"period":"2021-12-01","rent":1131.703433},{"period":"2022-01-01","rent":1154.906798},{"period":"2022-02-01","rent":1188.562567},{"period":"2022-03-01","rent":1200.588877},{"period":"2022-04-01","rent":1206.073717},{"period":"2022-05-01","rent":1192.944526},{"period":"2022-06-01","rent":1193.570677},{"period":"2022-07-01","rent":1194.796602},{"period":"2022-08-01","rent":1199.110405},{"period":"2022-09-01","rent":1212.485921},{"period":"2022-10-01","rent":1231.574252},{"period":"2022-11-01","rent":1248.19695},{"period":"2022-12-01","rent":1229.221432},{"period":"2023-01-01","rent":1217.654942},{"period":"2023-02-01","rent":1213.369798},{"period":"2023-03-01","rent":1216.876715},{"period":"2023-04-01","rent":1221.906339},{"period":"2023-05-01","rent":1229.001418},{"period":"2023-06-01","rent":1233.656576},{"period":"2023-07-01","rent":1242.922006},{"period":"2023-08-01","rent":1258.211002},{"period":"2023-09-01","rent":1241.254583},{"period":"2023-10-01","rent":1227.583202},{"period":"2023-11-01","rent":1221.67563},{"period":"2023-12-01","rent":1236.24977},{"period":"2024-01-01","rent":1225.476106},{"period":"2024-02-01","rent":1197.050277},{"period":"2024-03-01","rent":1194.185798},{"period":"2024-04-01","rent":1210.892653},{"period":"2024-05-01","rent":1237.242961},{"period":"2024-06-01","rent":1251.291022},{"period":"2024-07-01","rent":1264.00052},{"period":"2024-08-01","rent":1282.762968},{"period":"2024-09-01","rent":1288.486355},{"period":"2024-10-01","rent":1285.756968},{"period":"2024-11-01","rent":1268.791816},{"period":"2024-12-01","rent":1289.216553},{"period":"2025-01-01","rent":1307.489888},{"period":"2025-02-01","rent":1337.505112},{"period":"2025-03-01","rent":1331.369026},{"period":"2025-04-01","rent":1318.88168},{"period":"2025-05-01","rent":1302.975828},{"period":"2025-06-01","rent":1296.624048},{"period":"2025-07-01","rent":1287.44238},{"period":"2025-08-01","rent":1270.832001},{"period":"2025-09-01","rent":1277.870155},{"period":"2025-10-01","rent":1289.269917},{"period":"2025-11-01","rent":1308.179222},{"period":"2025-12-01","rent":1294.728549},{"period":"2026-01-01","rent":1293.261975},{"period":"2026-02-01","rent":1289.964458},{"period":"2026-03-01","rent":1299.921899},{"period":"2026-04-01","rent":1304.862732},{"period":"2026-05-01","rent":1308.306492},{"period":"2026-06-01","rent":1311.769479}],"historySummary":{"pointCount":65,"firstPeriod":"2021-02-01","latestPeriod":"2026-06-01","coverageMonths":65,"coverageRatio":1,"changes":{"1":{"years":1,"startPeriod":"2025-06-01","endPeriod":"2026-06-01","startRent":1296.624048,"endRent":1311.769479,"change":0.011680664895396209,"cagr":0.011680664895396209},"3":{"years":3,"startPeriod":"2023-06-01","endPeriod":"2026-06-01","startRent":1233.656576,"endRent":1311.769479,"change":0.06331819123703997,"cagr":0.02067563568143238},"5":{"years":5,"startPeriod":"2021-06-01","endPeriod":"2026-06-01","startRent":1075.579379,"endRent":1311.769479,"change":0.21959336950062514,"cagr":0.04050221943909671}},"maxDrawdown":-0.05088590379374225,"annualizedVolatility":0.03841369651914551,"consecutiveReturnCount":64}}