ZIP reports / OH / 43215
ZIP rental intelligence · 2026-06

ZIP 43215, Columbus, OH

Asking rent, household capacity, housing stock and local context—kept at their original geographic and measurement scopes.

Direct local rent answer

What does rent cost in ZIP 43215?

The latest Zillow ZORI for ZIP 43215 is $1,556 per month in 2026-06. It is a typical observed asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.

Zillow asking-rent index$1,5562026-06 · up 0.8% year over year
ACS median gross rent$1,551ACS 2024 5-year survey · ±$53 margin of error
HUD two-bedroom standard$2,150Administrative FMR/SAFMR · not asking rent
Bedroom-level rent benchmarks in ZIP 43215
BedroomsModelled asking-rent lensHUD standardHow to use it
Studio$1,209ZORI scaled by the local HUD bedroom ladder$1,670HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
1 bedroom$1,295ZORI scaled by the local HUD bedroom ladder$1,790HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
2 bedrooms$1,556ZORI scaled by the local HUD bedroom ladder$2,150HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
3 bedrooms$1,867ZORI scaled by the local HUD bedroom ladder$2,580HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
4 bedrooms$2,099ZORI scaled by the local HUD bedroom ladder$2,900HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.

Bedroom estimates are modelled, not observed rents. Zillow, Census ACS and HUD describe different housing universes and remain separate throughout this report.Zillow pulled 2026-08-08

Median household income$74,087ACS 2024 5-year · ±$8,291 MOE
Renter share80.2%9,917 renter households
Rent burden 30%+38.9%3,862 observed households
Housing vacancy15.1%2,201 of 14,574 units
Six views · one local decision

Read the measures together, without merging them

ZORI tracks observed asking rent, ACS describes occupied renter homes, and HUD publishes an administrative benchmark. The charts preserve those differences and add wider context only where the geography is named.

Three definitions of rent

Useful as a spread, not interchangeable observations.

Three rent measures for ZIP 43215Zillow asking-rent index$1,556ACS median gross rent$1,551HUD two-bedroom standard$2,150

Affordability screen

Annual income implied by 30% of the current ZIP ZORI.

Income screen for ZIP 43215ACS median household income$74,087Income at 30% of ZIP ZORI$62,240

Bedroom ladder

Modelled from ZIP ZORI using the local HUD ladder.

Modelled bedroom rent ladder for ZIP 43215Studio$1,209One bedroom$1,295Two bedrooms$1,556Three bedrooms$1,867Four bedrooms$2,099

Observed renter burden

ACS ZCTA households with computable gross-rent burden.

Observed renter cost burden in ZCTA 4321530% or more of income3,862 householdsBelow 30%6,055 households

ZIP versus wider rent context

Each bar retains its own ZIP, city, county or metro scope.

Asking-rent context for ZIP 43215ZIP 43215$1,556Columbus city$1,456Franklin County county$1,510Columbus, OH metro$1,528

Monthly asking-rent history

Direct Zillow ZORI observations over the latest five years. Missing months remain visible gaps.

Five-year direct Zillow asking-rent history for ZIP 43215; missing months remain gaps$1,596$1,509$1,423$1,3362021-062023-122026-06
Five-year change
13.1%exact same-month endpoints
Largest observed drawdown
5.3%peak to a later observed month
Annualized monthly variability
3.7%92 consecutive returns
Monthly coverage
100.0%93 of 93 months
Decision brief

What the evidence says for ZIP 43215

A mismatch in pace, rather than a single rent level, is the central signal for 43215. Zillow’s June 2026 ZIP ZORI is $1,556 per month, only 0.8% above the prior June. ZORI is a ZIP-level typical observed asking-rent index blended across rental types; it is neither a signed-lease series nor a bedroom-specific quotation. That subdued current movement needs to be read alongside a separate for-sale record rather than treated as a property conclusion. The ZIP label is used by Zillow as a market identifier and matches a Census ZCTA, but a ZCTA is a statistical area and is not identical to a USPS delivery ZIP.

History gives the rent reading more context, but only as a retrospective series. Its archive has complete 100% coverage, and exact same-month annualized change was 0.8% over one year and 0.8% over three years, versus 2.5% over five years. Thus, the recent direction breaks from the higher pace embedded in the longer path; it does not demonstrate future slowdown. This is a high-variability history: annualized monthly-return variability is 3.7%, which reduces confidence that one current index point fully characterizes conditions. Separately, the largest peak-to-trough loss was 5.3%, evidence that the historic path contained a meaningful reversal. Transparent national discovery ranks are 2,103 for momentum, 2,383 for stability, and 2,573 for balanced performance, with lower ranks scoring higher. These are backward-looking measurements, not forecasts or investment recommendations.

The current Zillow index and ACS comparable nearly meet in dollar terms but are distinct evidence universes. The matched ZCTA’s ACS 2024 5-year survey puts median gross rent at $1,551 and reports survey uncertainty. It describes occupied renter homes and includes selected utilities, so it is not current asking rent; the ZORI reading is very close without being interchangeable. Applying the 30% calculation to current ZORI produces a required annual income of $62,240. Against the ZCTA median household income of $74,087, that arithmetic equals 25.2% of median income. It is a screen, not advice, an applicant qualification rule, or proof of what any household pays. Separately, 38.9% of renter households report spending at least that threshold on rent. That survey burden shows distributions can diverge even when medians are close and cannot establish burden for a particular property.

Bedroom detail should not be read out of that blended index. The local HUD ladder has Fair Market Rents from $1,670 for studio units to $2,900 for four-bedroom units. HUD FMR/SAFMR is an administrative, bedroom-specific standard, not asking rent. Scaling the ZIP ZORI by that local ladder yields modelled monthly estimates of $1,209 for a studio, $1,295 for one bedroom, $1,556 for two bedrooms, $1,867 for three bedrooms, and $2,099 for four bedrooms. These are modelled estimates, never measured bedroom rents; their use is to preserve HUD’s local bedroom relationship around ZORI, not to replace unit-specific listings or lease terms.

The survey housing mix gives important but limited context for supply. In the matched ZCTA, ACS counts 14,574 housing units and 2,201 vacant units, a 15.1% vacancy rate. Renters occupy 80.2% of occupied homes, while 9,632 units are in large multifamily structures; both describe aggregate stock rather than a particular building. Vacancy categories also include units held for rent, sale, seasonal use, and other reasons. Accordingly, the overall vacancy figure cannot establish that a given apartment is currently available, that it has a concession, or that its asking rent matches ZORI. It instead places the burden and asking-rent readings in a strongly renter-occupied, multifamily-heavy ZCTA context.

Wider geographies set a comparison frame but do not substitute for ZIP evidence: Columbus city context has a Zillow rent of $1,456.49, Franklin County context has a Zillow rent of $1,510, and the Columbus, OH metro context has a Zillow rent of $1,528. The ZIP’s current reading is above each of those named wider-scope figures. The ZCTA’s rent-burden share is below the city and county context shares, but this contrast joins a ZIP asking-rent index to survey measures in different geographies and should not be read as a household outcome. Metro context indicators, city data, and county data remain context only; they neither reprice an address nor establish a local vacancy condition.

The resale record creates the clearest tension. In Redfin’s direct rolling-three-month ZIP resale observation through June 30, 2026, median sold price was $383,913, up 4.8% year over year, even as current asking-rent growth was subdued. The same for-sale universe recorded 73 homes sold, a median 63 days on market, 142 homes of inventory, and 5.9 months of supply. Average sale-to-list was 97.4%, with 12.7% of homes sold above list. These are resale liquidity and pricing signals, not rental transactions, rental comparables, or property economics. The 4.9% figure formed by annualizing ZIP ZORI and dividing by median sold price is only a cross-source screening ratio, not a cap rate, net return, expected return, or property yield. Price appreciation challenges the slow rent path, while the marketing and sale-to-list readings make that challenge less uniform than a single price-change statistic.

Several limits keep this at ZIP-screen level. The report does not provide a unit’s advertised rent, bedroom and bath count, lease term, included utilities, concession, condition, occupancy, or delivery-ZIP treatment; it also cannot connect an ACS respondent, vacancy count, sale, or ZORI observation to a specific property. A property-level file would need to verify the exact address geography, the current marketing terms and utility responsibility, and whether the unit’s bedroom configuration aligns with the modelled ladder. For a resale comparison, verify the actual list and sale records, marketing dates, and comparability rather than applying ZIP medians. History is backward-looking and the resale series is for-sale only, so neither supports a forecast or an investment recommendation. Does the specific property documentation support or contradict this ZIP-level screen?

Decision signals

What deserves a closer property-level check

Recent rent pace is slower than its longer history

The June 2026 ZORI of $1,556 is up roughly 0.8% from the same month a year earlier, matching the three-year annualized pace but trailing the 2.5% five-year rate. That break in pace is historical evidence, not a projected downturn. The high-variability record warrants less certainty around a single current reading.

Three rent measures answer different questions

ZORI, ACS, and HUD answer different questions. ZORI is a blended typical asking-rent index; ACS median gross rent is a five-year survey measure for occupied renter homes that includes selected utilities; HUD FMR/SAFMR is an administrative bedroom standard. Similar dollar levels do not make these data interchangeable or turn the HUD-scaled bedroom ladder into observed rents.

The budget screen is not an applicant test

The ZORI-based 30% arithmetic gives $62,240 required annual income, below the ZCTA median household income of $74,087, yet 38.9% of renter households meet the burden threshold. This is a distributional tension: a median-income comparison cannot establish an individual household’s rent share, qualification outcome, or ability to afford a particular unit.

Resale price movement challenges rental calm

Redfin’s rolling ZIP resale window shows a $383,913 median sold price, 4.8% annual increase, and 5.9 months of supply while ZORI growth remains slow. The contrast makes a rent-versus-price screen worth flagging but not converting into a property conclusion. Resale observations are not rental transactions, and the 4.9% ratio is not a property yield.

  • ZORI blends observed asking rents across rental types, so it cannot identify the advertised rent, lease concession, utility treatment, or bedroom configuration of a particular available unit. Modelled bedroom figures inherit that limitation.
  • ACS is a five-year ZCTA survey of occupied renter homes and has sampling uncertainty; its gross-rent and burden measures may not match current asks. A ZCTA is statistical geography, not an individual address or USPS delivery ZIP.
  • High historical variability and prior drawdown mean a current ZORI level should not be extrapolated mechanically. Complete historical coverage reduces missing-data concern but does not turn backward-looking measurements into a forecast or investment conclusion.
  • Redfin data describe a rolling ZIP resale window, not rental transactions. Median sold price and the annualized-rent-to-price screen cannot establish unit economics, sale terms, operating outcomes, or a transaction’s relevance to a rental listing.
Direct ZIP resale evidence

For-sale liquidity inside ZIP 43215

Redfin reports these as a rolling three-month ZIP observation through 2026-06-30. They describe the for-sale market, not rental vacancy or the rent of a particular property.

Median sale price$383,913+4.8% year over year
Homes sold73rolling three-month observation
Median days on market63 daysfor-sale listing absorption
Months of supply5.9resale inventory relative to sales pace

Activity and available supply

Direct ZIP counts remain separate because each describes a different stage of the resale funnel.

Direct resale activity for ZIP 43215Active listings231Inventory142Pending sales77Homes sold73

Counter-signals before underwriting

A price alone does not reveal how quickly buyers are absorbing available homes.

Inventory direction

142 observed inventory · -7.2% year over year.

Price realization

97.4% average sale-to-list ratio · 12.7% sold above original list.

Early absorption

27.3% went off market within two weeks; compare this with 63 median days on market.

Measurement boundary

Small ZIP samples can move sharply. This rolling period smooths monthly noise but does not replace current address-level sale and rent comparables.

Redfin Data Center · updated 2026-07-03 · exact five-digit ZIP key. Implausible source values are withheld as n/a rather than repaired or inherited from a broader geography.

Wider market evidence

Listing and rental liquidity around the ZIP

These measures are not ZIP observations. They are labelled county or metro context so they can challenge the local story without being copied into it.

Franklin County listing conditions

2,289 active Realtor.com listings · 37 median days on market · 24.4% price-reduced share · 2026-06.

Columbus, OH resale supply

2.5 months of supply · 40 median days on market · 25.2% listings with price drops · Redfin 2026-05-01.

Apartment List metro liquidity

6.5% reported apartment vacancy · 30 days on market. These are direct metro observations and do not describe a particular ZIP unit.

Property-level next step

Compare live same-bedroom listings, concessions, utilities, condition and days listed inside ZIP 43215. The report frames the market; it does not replace a rent roll, lease review or address-level comparable set.

Questions this report can answer

Scope-aware answers

How do ZORI, ACS median gross rent, and HUD FMR relate here?

They sit in separate evidence universes. June 2026 ZORI is a typical observed asking-rent index at Zillow’s ZIP market identifier and blends rental types. ACS is a 2024 five-year survey of occupied renter homes in the matched ZCTA and includes selected utilities. HUD FMR/SAFMR is an administrative, bedroom-specific standard. The ZCTA is a statistical area rather than an identical USPS delivery ZIP.

Are the bedroom estimates observed rents?

No. Each is a modelled monthly estimate created by scaling the ZIP ZORI with the local HUD bedroom ladder. The process preserves the ladder’s relative bedroom pattern around a blended asking-rent index, but it does not observe current listings or signed leases by bedroom count. Actual unit terms, utilities, concessions, and configuration can differ.

Does the $62,240 screen mean a renter will qualify or can afford a unit?

No. Dividing annualized ZORI by 30% produces a benchmark of $62,240. It is not advice, an underwriting model, or an applicant qualification rule. The ZCTA median income is an aggregate survey measure, and the burden share describes surveyed renter households; neither proves an individual renter’s finances or a specific unit’s affordability.

Why is the resale evidence a tension rather than a rental conclusion?

The Redfin metrics come from a direct rolling-three-month ZIP resale observation and describe for-sale transactions, including sold price, marketing time, supply, and sale-to-list outcomes. They do not provide rental comps. Annualizing ZORI and dividing by median sold price creates only a cross-source screening ratio; it excludes property-specific terms and cannot be called a cap rate, net return, expected return, or property yield.