ZIP Code · OH

ZIP 43054

Part of New Albany, OH

Pop. 27,594·Franklin County·30th most expensive ZIP in Ohio

Median rent (all units)

$1,765/mo

Year-over-Year

+5.4%

Month-over-Month

+1.1%

vs US Median

-$167

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 43054 · $1,765

More affordable than 54% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,580

1 BR

$1,700

2 BR

$2,040

3 BR

$2,450

4 BR+

$2,750

Research median

$2,040/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 43054 is at its highest level since Zillow's records here began in May 2022.

Past year vs. the rest of Ohio

Rent in ZIP 43054 changed +5.4% over the year to September 2026. Across the 190 Ohio ZIP codes Zillow tracks, the typical change was +3.8%.

Recent direction

Rent has risen 5 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($148,100) is $3,703 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,750).

Cheaper nearby

ZIP 43230, 5 miles away, rents for 14% less ($1,523/mo), about $2,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 43054. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,180/yr

At $1,765/mo median

Location

CityNew Albany

StateOH

CountyFranklin County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.4% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 43054 (New Albany, OH) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 65.1% of residents hold a bachelor's degree or higher.

Population

27,594

Median income

$148,100

Median age

38.6

Renters

32.3%

Age distribution

26.1%

17.8%

31.8%

14.5%

Under 1826.1%

18–3417.8%

35–5431.8%

55–649.9%

65+14.5%

Gender

48.7%

51.3%

Male48.7%

Female51.3%

Race & ethnicity

71.3%

White71.3%

Black8.8%

Hispanic5.2%

Asian7.1%

Other7.6%

Education (25+)

20.2%

65.1%

No HS diploma3.9%

HS diploma10.9%

Some college20.2%

Bachelor's+65.1%

Housing tenure

67.7%

32.3%

Owner67.7%

Renter32.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How ZIP 43054 in New Albany, OH has changed in 5 years

Rent

$1,503 → $1,765

up 17.4%

Income

$130,906 → $148,100

up 13.1%

Population

28,174 → 27,594

down 2.1%

Renter share

33.7% → 32.3%

-1.4 pts

Bachelor's+

65.3% → 65.1%

-0.2 pts

Median age

36.2 → 38.6

+2.4 yrs

Five years ago, renters in ZIP 43054 in New Albany, OH paid around $1,503 a month. That figure now sits near $1,765, up 17.4% from the 2023 baseline. Median household income climbed from $130,906 to $148,100 between 2021 and 2024, a 13.1% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 43054 in New Albany, OH losing about 580 residents over the five-year window, down 2.1% on net. Taken together, the five-year picture in ZIP 43054 in New Albany, OH reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 43054

Last updated: October 17, 2026

ZIP code 43054 covers New Albany, OH. The median rent here is $1,765/mo as of October 2026. A 1-bedroom rents for a median of $1,700/mo. A 2-bedroom rents for a median of $2,040/mo.

At 14% of local median household income ($148,100/yr), ZIP 43054 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 43054?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (about $34/hour full-time) to afford the median rent of $1,765/mo in ZIP 43054. The local median household income is $148,100/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 43054?

Rent in ZIP 43054 has risen 5.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2022.

How does ZIP 43054 compare to other ZIPs in Ohio?

ZIP 43054 is one of the pricier among Ohio ZIP codes for rent, ranking #30 of 229 at $1,765/mo. Over the year to September 2026, rent in ZIP 43054 changed +5.4%, against a typical +3.8% across the 190 Ohio ZIP codes Zillow tracks.