FY2027 Small Area FMR · Prospect, OH
ZIP 43342 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 43342 (Prospect, OH) is $1,210 a month, down 3.2% from FY2026. That is 24% below the Columbus, OH area-wide FMR of $1,602.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 43342 sits in the Columbus, OH area
Of the 143 ZIP codes HUD lists for the area, 43342 has the 111th highest two-bedroom Small Area FMR. Columbus, OH is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,089 and $1,331 for two bedrooms.
ZIP code 43342 crosses more than one HUD area. HUD also lists it under Union County, OH (same figures) and Marion County, OH (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $920 | $828 – $1,012 | $1,258 | $950 |
| 1 bedroom | $930 | $837 – $1,023 | $1,346 | $950 |
| 2 bedrooms | $1,210 | $1,089 – $1,331 | $1,602 | $1,250 |
| 3 bedrooms | $1,440 | $1,296 – $1,584 | $1,909 | $1,500 |
| 4 bedrooms | $1,590 | $1,431 – $1,749 | $2,172 | $1,660 |
A household renting a two-bedroom home at the Small Area FMR of $1,210 needs about $48,400 a year to keep housing costs at 30% of income. The area median family income is $111,500 and the 80% low-income limit for four people is $89,200. ZIP code 43342 lies mainly in Marion County, Union County and Delaware County. See the Columbus, OH metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 43342?
HUD's FY2027 Small Area Fair Market Rents for 43342 are $920 (studio), $930 (1 BR), $1,210 (2 BR), $1,440 (3 BR) and $1,590 (4 BR) a month.
What is the Section 8 payment standard in 43342?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 43342 that range is $1,089 to $1,331 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 43342?
The FY2026 income limits of the Columbus, OH area apply: median family income $111,500, low-income (80%) limit $89,200 for a family of four.