Location: Union County, OH | Metro: Union County, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,160 |
| 5 Bedrooms | $2,506 |
| 6 Bedrooms | $2,807 |
| 7 Bedrooms | $3,032 |
| 8 Bedrooms | $3,184 |
U.S. Census Bureau data (2024)
The ZIP code 43007, located in Ohio, is profiled as having a significant portion of its population as renters, with 11.1% of the residents renting their homes. This percentage indicates that while there is a notable presence of renters, the overall tenant pool is not overwhelmingly large. The median household income for this area is currently unavailable, which makes it challenging to provide precise comparisons to market rents and Federal Market Rents (FMRs).
Despite the lack of specific income data, the available information suggests that rental properties in ZIP 43007 could benefit from Section 8 tenants, given the percentage of renters. However, the scarcity of voucher holders might be a concern due to the relatively small size of the renter-heavy segment.
The Federal Market Rent for this ZIP code in fiscal year 2024 is set at $1250. Without the median income figure, we cannot accurately determine the percentage of local income that typical market rents consume. Nevertheless, landlords can anticipate that Section 8 vouchers, which typically cover a substantial portion of the rent, will be attractive to potential tenants in this area.
The tenant profile expected in ZIP 43007 would likely consist of individuals and families who are seeking affordable housing options. These tenants would benefit from the stability and affordability provided by Section 8 vouchers, making them reliable occupants for rental properties. Landlords should prepare to engage with tenants who may have lower incomes but are committed to maintaining their living spaces through the support of federal assistance programs.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.