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ZIP Code · OH

ZIP 43240

Part of Columbus, OH
Pop. 7,679·Delaware County·115th most expensive ZIP in Ohio
Median rent (all units)
$1,414/mo
Year-over-Year
-2.7%
Month-over-Month
-1.6%
vs US Median
-$551
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 43240 · $1,414
More affordable than 80% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,360
1 BR
$1,460
2 BR
$1,750
3 BR
$2,100
4 BR+
$2,360
Research median
$1,750/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: July 20, 2026

Annual cost
$16,968/yr
At $1,414/mo median
Location
StateOH
CountyDelaware County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 2.7% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-2.7% YoY, -1.6% MoM), not inventory.
Demographics

Who lives here

ZIP 43240 (Columbus, OH) is majority renter-occupied, skews toward younger working-age adults, 47.3% of residents hold a bachelor's degree or higher.

Population
7,679
Median income
$82,895
Median age
32.9
Renters
71.8%
Age distribution
14.9%
39.9%
27.7%
Under 1814.9%
18–3439.9%
35–5427.7%
55–6410.1%
65+7.4%
Gender
56.9%
43.1%
Male56.9%
Female43.1%
Race & ethnicity
65.8%
17.7%
White65.8%
Black11.6%
Hispanic3.2%
Asian17.7%
Other1.8%
Education (25+)
23.2%
24.8%
47.3%
No HS diploma4.8%
HS diploma23.2%
Some college24.8%
Bachelor's+47.3%
Housing tenure
28.2%
71.8%
Owner28.2%
Renter71.8%

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

2021 vs 2026

How ZIP 43240 in Columbus, OH has changed in 5 years

Income
$80,667 → $82,895
up 2.8%
Population
6,772 → 7,679
up 13.4%
Renter share
71.6% → 71.8%
+0.2 pts
Bachelor's+
57.8% → 47.3%
-10.5 pts
Median age
32.3 → 32.9
+0.6 yrs

On the earnings side, the typical household in ZIP 43240 in Columbus, OH now reports about $82,895, up from $80,667 in 2021. Headcount in the area went from 6,772 to 7,679 between 2021 and 2024, a 13.4% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 57.8% to 47.3%.

Community

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Local insights

Tips for renters in ZIP 43240

About renting in ZIP 43240

Last updated: July 20, 2026

ZIP code 43240 covers Columbus, OH. The median rent here is $1,414/mo as of July 2026. A 1-bedroom rents for a median of $1,460/mo. A 2-bedroom rents for a median of $1,750/mo.

At 20% of local median household income ($82,895/yr), ZIP 43240 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 43240?

As of July 20, 2026, the median monthly rent in ZIP 43240 (Columbus, OH) is $1,414. This is based on aggregated data from public sources and community submissions.

How does ZIP 43240 rent compare to the US average?

ZIP 43240's median rent of $1,414/mo is $551 (28%) below the US national median of $1,965/mo.

How does ZIP 43240 compare to other ZIPs in Ohio?

ZIP 43240 falls in the middle range for Ohio, ranking #115 out of 232 ZIPs at $1,414/mo.

How much income do you need to rent in ZIP 43240?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (~$27/hour full-time) to afford the median rent of $1,414/mo in ZIP 43240. The local median household income is $82,895/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 43240?

Rent in ZIP 43240 has decreased 2.7% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 43240 an affordable place to rent?

ZIP 43240 is considered very affordable for renters. At $1,414/mo, rent takes approximately 20% of the local median household income ($82,895/yr). The standard benchmark is 30%. ZIP 43240 falls comfortably within that range.

What percentage of ZIP 43240 residents rent vs. own?

According to Census data, approximately 71.8% of ZIP 43240 households are renters, while 28.2% are owner-occupied. With a majority renter population, ZIP 43240 has a strong rental market.

How does ZIP 43240 compare to the rest of Columbus?

ZIP 43240 is more affordable than Columbus overall. At $1,414/mo, it's $42 below the Columbus citywide median of $1,456/mo.

When was rent data for ZIP 43240 last updated?

Rent data for ZIP 43240 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,414/mo, rent takes ~20% of ZIP 43240's median household income ($82,895/yr). The standard benchmark is 30%.

ZIP 43240 20%Benchmark 30%
State income tax2.75–3.5%
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Schools nearby

Public schools near ZIP 43240 (Columbus, OH)

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