Rental numbers for Licking County, OH
The typical home here runs -$942 a month at 7.78% with 25% down, breaking even at about 1.6%. 0 of 3 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.6%.
- Gross yield
- 6.6%
- typical home, Zillow
- Median ZIP yield
- 6.6%
- 3 ZIPs with full data
- Cash flow
- -$942/mo
- at 7.78%, 25% down
- Typical price
- $342,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,882/mo
- Zillow ZORI, Aug 2026
ZIP codes in Licking County
12 with published figures
| 43062Pataskala | $391,000 | $2,399 | 7.4% | 3.8% | -$876 | n/a |
| 43033Kirkersville | $250,000 | $1,380* | 6.6% | 2.7% | -$776 | n/a |
| 43055Newark | $252,000 | $1,387 | 6.6% | 3.2% | -$683 | +3.1% |
| 43018Pataskala | $296,000 | $1,550* | 6.3% | 1.8% | -$1,160 | n/a |
| 43031Johnstown | $447,000 | $2,183 | 5.9% | 2.7% | -$1,391 | n/a |
| 43056Heath | $310,000 | $1,310* | 5.1% | 1.8% | -$1,202 | n/a |
| 43008Buckeye Lake | $291,000 | $1,070* | 4.4% | 0.9% | -$1,355 | n/a |
| 43071Saint Louisville | $313,000 | $1,090* | 4.2% | 1.1% | -$1,399 | n/a |
| 43013Johnstown | $403,000 | $1,320* | 3.9% | 0.8% | -$1,902 | n/a |
| 43025Hebron | $369,000 | $1,070* | 3.5% | 0.4% | -$1,852 | n/a |
| 43001Alexandria | $491,000 | $1,300* | 3.2% | 0.3% | -$2,516 | n/a |
| 43023Granville | $525,000 | $1,290* | 2.9% | -0.1% | -$2,867 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +4.0%
- Rent, 12 months
- +3.7%
- Rent minus price growth
- -0.3 pts
- Property tax
- 1.22%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $260,396 | $1,461 |
| Aug 2022 | $298,540 | $1,567 |
| Aug 2023 | $313,070 | $1,650 |
| Aug 2024 | $327,101 | $1,738 |
| Aug 2025 | $328,811 | $1,815 |
| Aug 2026 | $341,918 | $1,882 |
HUD Fair Market Rent
FY2027, Columbus, OH HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,258 | $1,346 | $1,602 | $1,909 | $2,172 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 2.4
- 165 units, last 12 months
- National percentile
- 29th
- among US counties
Tools
Test a listing in Licking County against today's rate.
Open the calculatorPart of the Columbus, OH metro.
Questions
- Is Licking County good for rental property?
- The typical home here runs -$942 a month at 7.78% with 25% down, breaking even at about 1.6%. 0 of 3 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.6%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Licking County?
- About 1.22% of value, from Census ACS median taxes paid over median home value. On a $342,000 home that is about $4,178 a year.
- What is Fair Market Rent in Licking County?
- HUD's FY2027 Fair Market Rent here is $1,346 for a 1-bedroom, $1,602 for a 2-bedroom and $1,909 for a 3-bedroom. Typical cash flow at today's rate is -$942 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.