ZIP Code · OH

ZIP 43232

Part of Columbus, OH

Pop. 47,364·Franklin County·136th most expensive ZIP in Ohio

Median rent (all units)

$1,295/mo

Year-over-Year

+1.9%

Month-over-Month

+0.6%

vs US Median

-$637

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 43232 · $1,295

More affordable than 86% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$970

1 BR

$1,040

2 BR

$1,250

3 BR

$1,500

4 BR+

$1,680

Research median

$1,250/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 43232 is at its highest level since Zillow's records here began in June 2022.

Past year vs. the rest of Ohio

Rent in ZIP 43232 changed +1.9% 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 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($51,417) is $1,285 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,250); a 3-bedroom is $1,500.

Rank in Columbus

8th cheapest of 21 ZIP codes in Columbus.

Cheaper nearby

ZIP 43224, 10 miles away, rents for 11% less ($1,149/mo), about $1,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 43232. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,540/yr

At $1,295/mo median

Location

CityColumbus

StateOH

CountyFranklin County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.9% YoY, +0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 43232 (Columbus, OH) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 19.4% of residents hold a bachelor's degree or higher.

Population

47,364

Median income

$51,417

Median age

33.2

Renters

60.6%

Age distribution

27.5%

24.8%

12.6%

Under 1827.5%

18–3424.8%

35–5424.8%

55–6410.3%

65+12.6%

Gender

48.8%

51.2%

Male48.8%

Female51.2%

Race & ethnicity

27.8%

57.8%

White27.8%

Black57.8%

Hispanic8.6%

Asian1.5%

Other4.4%

Education (25+)

12.9%

37.8%

29.9%

19.4%

No HS diploma12.9%

HS diploma37.8%

Some college29.9%

Bachelor's+19.4%

Housing tenure

39.4%

60.6%

Owner39.4%

Renter60.6%

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

2023 vs 2026

How ZIP 43232 in Columbus, OH has changed in 5 years

Rent

$1,100 → $1,295

up 17.7%

Income

$44,410 → $51,417

up 15.8%

Population

47,471 → 47,364

down 0.2%

Renter share

60.3% → 60.6%

+0.3 pts

Bachelor's+

16.5% → 19.4%

+2.9 pts

Median age

34 → 33.2

-0.8 yrs

The median rent in ZIP 43232 in Columbus, OH stood at $1,100 in 2023 and currently runs about $1,295, reflecting a 17.7% increase over the period. Local incomes tracked alongside that move, going from a median of $44,410 in 2021 to $51,417 more recently. College-educated residents now make up 19.4% of adults here, versus 16.5% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 43232 in Columbus, OH market of 2023.

Community

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Local insights

Tips for renters in ZIP 43232

About renting in ZIP 43232

Last updated: October 17, 2026

ZIP code 43232 covers Columbus, OH. The median rent here is $1,295/mo as of October 2026. A 1-bedroom rents for a median of $1,040/mo. A 2-bedroom rents for a median of $1,250/mo.

At 30% of local median household income ($51,417/yr), ZIP 43232 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 43232?

To keep rent at or below 30% of gross income, you would need to earn at least $52,000/year (about $25/hour full-time) to afford the median rent of $1,295/mo in ZIP 43232. The local median household income is $51,417/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 43232?

Rent in ZIP 43232 has risen 1.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in June 2022.

How does ZIP 43232 compare to other ZIPs in Ohio?

ZIP 43232 is in the middle among Ohio ZIP codes for rent, ranking #136 of 229 at $1,295/mo. Over the year to September 2026, rent in ZIP 43232 changed +1.9%, against a typical +3.8% across the 190 Ohio ZIP codes Zillow tracks.