JeffCroweCRE

Housing market/Ohio/ZIP 43123

ACS 2023 · FY2027 SAFMR

ZIP 43123 Grove City, Ohio

Columbus, OH HUD Metro FMR Area · Ohio. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
66,366
Households
26,547
Median HH income
$87,883
Renter share
26.3%
Median gross rent
$1,279
Vacancy
4.8%
Pop. change
+1.4%
2BR SAFMR
$1,620
SAFMR / rent
1.267×
2–49 unit stock
4,520
LIHTC proj / units
9 / 984
HUD assisted MF
6 / 346

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 43123 · OH — sent to you.

ZIP 43123 · OH

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ACS rent vs 2BR SAFMR

ZIP 43123 — Grove City, OH HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,279
2BR SAFMR$1,620
90% floor$1,458
110% ceiling$1,782

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 43123

  • 1-unit detached18,82367.6%
  • 1-unit attached2,2708.2%
  • 2–4 units2,0147.2%
  • 5–49 units2,5069.0%
  • 50+ units9583.4%
  • Mobile1,2684.6%
TypeUnitsShare
1-unit detached18,82367.5%
1-unit attached2,2708.1%
2 units (duplex)4711.7%
3–4 units1,5435.5%
5–9 units1,8056.5%
10–19 units4821.7%
20–49 units2190.8%
50+ units9583.4%
Mobile1,2684.5%

2–4 unit share 7.2% · 5–49 unit share 9.0% · combined 2–49 16.2%.

Units by bedrooms

Studio
426
1BR
1,716
2BR
6,920
3BR
11,920
4BR
6,108
5+
786

Rent burden

Rent ≥30% of income36.8%
Rent ≥50% of income16.2%
  • ACS median gross rent $1,279 (all bedrooms, occupied rentals).
  • Median contract rent $1,095.
  • Renters paying ≥30% of income 36.8%; ≥50% 16.2%.
  • FY2027 2BR SAFMR $1,620 (1.267× ACS median gross rent).

Population

66,366 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 9 projects, 984 units.
  • HUD project-based assisted MF: 6 properties, 346 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 8,168 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 43123 26.3% of occupied households are renters; vacancy is 4.8%; ACS median gross rent is $1,279; population increased +1.4% between the 2018 and 2023 ACS vintages; the housing stock includes 2,014 units in 2–4-unit structures and 2,506 units in 5–49-unit structures; 9 LIHTC projects totaling 984 units; FY2027 2BR SAFMR is $1,620 versus ACS median gross rent of $1,279. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Ohio research

ZIP 43123 is a Census / HUD profile for Columbus, OH. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 43123 — Grove City, OH HUD Section 8 Payment Standards / SAFMR·Ohio ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
43001Columbus, OH HUD Metro FMR Area10.8%$1,213$1,51043002Columbus, OH HUD Metro FMR Area22.6%—$2,12043003Columbus, OH HUD Metro FMR Area23.1%$986$1,33043004Columbus, OH HUD Metro FMR Area21.6%$1,393$1,85043008Columbus, OH HUD Metro FMR Area23.2%$920$1,24043013Columbus, OH HUD Metro FMR Area12.4%$1,094$1,45043018Columbus, OH HUD Metro FMR Area50.7%—$1,77043021Columbus, OH HUD Metro FMR Area5.9%$1,360$1,70043023Columbus, OH HUD Metro FMR Area13.4%$1,094$1,40043025Columbus, OH HUD Metro FMR Area24.6%$817$1,13043026Columbus, OH HUD Metro FMR Area30.8%$1,430$1,92043027Columbus, OH HUD Metro FMR Area100.0%—$1,350

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Ohio research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 43123?

ZIP 43123 (Columbus, OH HUD Metro FMR Area) has 66,366 residents, 26,547 households, a renter share of 26.3%, median household income of $87,883, and ACS 2023 median gross rent of $1,279. Vacancy is 4.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 43123?

ACS counts 471 units in 2-unit buildings, 1,543 in 3–4 unit buildings, 1,805 in 5–9, 482 in 10–19, and 219 in 20–49. Combined 2–49 unit stock is 4,520 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 43123?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,620. See the full schedule and 90–110% payment-standard band on the ZIP 43123 — Grove City, OH HUD Section 8 Payment Standards / SAFMR.

Does this Ohio ZIP profile include Georgia listings?

No. ZIP 43123 is Census / HUD research for Columbus, OH HUD Metro FMR Area. Jeff Crowe CRE does not list Ohio property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.