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Rental Insights for ZIP Code 43207 (Columbus, OH)

Housing Rentals in ZIP Code 43207 (Columbus, OH)

43207 ZIP Code in Ohio

Learn About Housing Rentals in the ZIP Code 43207

ZIP Code 43207 is primarily located in Columbus, OH in Franklin County. The estimated median housing rent in this Ohio region is $889 per month. About 40.5% of housing units in this Franklin County ZIP Code are renter-occupied, and the region has an approximate rental vacancy rate of 2.1%.

The median rent in ZIP Code 43207 of $889 per month is 10% higher than the aggregate Ohio median monthly rent of $808, and is 16% lower than the $1,062 the median monthly rent in the U.S. overall. Approximately 54.2% of residents in ZIP Code 43207 pay between $500 and $999 per month for rent. That is 7% lower than in Ohio overall, in which 58.3% of total state residents pay between $500 and $999 per month for housing. Just 0.2% of renters in this Columbus, OH region pay between $2,500 and $2,999 for monthly rent.

ZIP Code 43207 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 43207

See the chart below for a comparison of monthly rental costs in ZIP Code 43207, Ohio, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 43207 along with those in the state of Ohio and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 43207

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 43207 Ohio U.S.
Less than $500 11.2% 13.5% 9.4%
$500 to $999 54.2% 58.3% 36.2%
$1,000 to $1,499 31.1% 22.3% 30.0%
$1,500 to $1,999 3.0% 4.1% 14.0%
$2,000 to $2,499 0.4% 1.0% 5.6%
$2,500 to $2,999 0.2% 0.3% 2.4%
$3,000 or more 0.0% 0.4% 2.4%

Rent Cost vs. Income in ZIP Code 43207

Renters in ZIP Code 43207 use an estimated 29.72% of their income to cover their monthly rent payments. That is about 4% higher than in Ohio overall. The estimate for Ohio overall is 28.47% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 43207 renters use about 0% less of their income to cover rent expense. Household income figures for ZIP Code 43207 come in lower than in Ohio as a whole. The median annual household income in ZIP Code 43207 of $46,162 sits approximately 18% lower than the overall Ohio median income of $56,602 and approximately 27% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 43207

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 43207, Ohio, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 43207 along with the same calculations in the state of Ohio and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 43207

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 43207 Ohio U.S.
Less than 15.0 percent 10.9% 15.9% 13.1%
15.0 to 19.9 percent 16.1% 14.5% 12.9%
20.0 to 24.9 percent 14.3% 13.0% 12.9%
25.0 to 29.9 percent 11.1% 11.7% 11.6%
30.0 to 34.9 percent 6.9% 8.4% 9.1%
35.0 percent or more 40.7% 36.4% 40.5%

Household Income in ZIP Code 43207

See the table below for the regional comparison of annual household income in ZIP Code 43207.

Income ZIP 43207 Ohio U.S.
Less than $10,000 9.7% 6.8% 6.0%
$10,000 to $14,999 5.6% 4.6% 4.3%
$15,000 to $24,999 10.0% 9.9% 8.9%
$25,000 to $34,999 11.6% 9.8% 8.9%
$35,000 to $49,999 16.7% 13.4% 12.3%
$50,000 to $74,999 21.0% 18.3% 17.2%
$75,000 to $99,999 12.9% 13.0% 12.7%
$100,000 to $149,999 9.2% 14.1% 15.1%
$150,000 to $199,999 2.1% 5.3% 6.8%
$200,000 or more 1.1% 4.9% 7.7%

Household Income in ZIP Code 43207

See the chart below for a comparison of annual household income figures in ZIP Code 43207, Ohio, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 43207 alongside the same figures for the state of Ohio and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 43207

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 43207.

ZIP 43207 Ohio U.S.
Median Housing Rent $889 $808 $1,062
Renter-Occupied Housing Units 40.5% 33.9% 36.0%
Rental Vacancy Rate 2.1% 5.3% 6.0%
Average Size of Renter-Occupied Unit 2.74 2.23 2.49
Average # of Bedrooms Per Unit 2.7 2.78 2.75
Percent of Income Spent on Rent 29.72% 28.47% 29.83%
Per Capita Income $22,173 $31,552 $34,103
Median Household Income $55,354 $76,958 $88,607
Living Below the Poverty Line 16.2% 9.9% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 43207

In ZIP Code 43207 (Columbus, OH), and estimated 40.5% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.1%.

The per capita income in 43207 is estimated at $22,173, which goes along with an estimated median household income of $55,354. About 16.2% of residents in this Franklin County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.74 occupants, while the units have an aggregate average size of 2.7 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 29.72% of their income on housing rental costs.

Rental FAQs for ZIP Code 43207

1

What is the median monthly rent in ZIP Code 43207?

Median rent for housing in ZIP Code 43207 in Franklin County in Ohio is approximately $889 per month.
2

Is it expensive to rent in ZIP Code 43207?

Rent in ZIP Code 43207 is higher than average in the state of Ohio overall. The median monthly rent of $889 in ZIP Code 43207 is approximately 10% higher than the Ohio median of $808. Additionally, median rent in this Columbus, OH region ($889) is about 16% lower than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 43207?

High-priced rentals are not common in the Columbus, OH ZIP Code of 43207, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Ohio overall, approximately 0.4% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 43207?

Affordable rentals are less common in ZIP Code 43207 than in Ohio overall. The percentage of housing rentals in ZIP Code 43207 costing $999 or less per month (65.4%) is approximately 9% lower than the Ohio rate of 71.8% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 43% lower than the previously mentioned 43207 rate of 65.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 43207?

The most common range for rental cost in ZIP Code 43207 is between $500 and $999 per month. About 54.2% of renters in 43207 pay in this range for monthly rent. In comparison, approximately 58.3% of renters in the state of Ohio fall in the between $500 and $999 range, and 36.2% of overall U.S. renters fall in this range.
6

Does ZIP Code 43207 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 43207 is lower than the rental vacancy rate in the state of Ohio overall. Rental vacancy of 2.1% in ZIP Code 43207 is about 60% lower than the Ohio rate of 5.3%. Looking more broadly, rental vacancy in this Columbus, OH region (2.1%) is an estimated 65% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 43207? How does it compare to other Ohio regions?

Median household income in ZIP Code 43207 is lower than in the state of Ohio overall. Annual household income of $46,162 in ZIP Code 43207 is about 18% lower than the Ohio median of $56,602. Additionally, median household income in this Columbus, OH region ($46,162) is approximately 27% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 43207 spend on housing costs?

Renters in ZIP Code 43207 spend a higher amount of their income on rent costs than do renters in Ohio overall. Renters in ZIP Code 43207 spend an estimated 29.72% of their income on rent payments, which is about 4% higher than the overall Ohio estimated rate of 28.47%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 0% higher than the ZIP Code 43207 estimated rate of 29.72%.
9

Do renters in ZIP Code 43207 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 43207 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 43207 spending 30 percent or more of their income on rent costs (47.6%) is approximately 6% higher than the Ohio rate of 44.8% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 4% higher than the aforementioned 43207 rate of 47.6%.
10

What is the average household size of renter-occupied units in ZIP Code 43207?

The average household size of renter-occupied units in ZIP Code 43207 is higher than in the state of Ohio overall. Annual household size of 2.74 in ZIP Code 43207 is about 23% higher than the Ohio median of 2.23. Additionally, median household size in this Columbus, OH region (2.74) is approximately 10% higher than median household size of 2.49 in the U.S. as a whole.

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