Location: Knox County, OH | Metro: Knox County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
The ZIP code 43048 in Unknown, OH presents unique challenges for both renters and landlords. The median income figure is currently unavailable, which makes it difficult to assess the financial health of the typical household in this area. However, the market rate for rent is also listed as N/A, indicating a lack of comprehensive data on rental costs.
In contrast, the housing voucher payment standard for Fair Market Rent (FMR) in the metro area for fiscal year 2026 is set at $1,080. This fixed amount serves as a benchmark for what subsidized households can expect to pay towards their rent. Given the unavailability of the median income and market rate data, we cannot definitively state whether the average household can afford the prevailing rents. However, the voucher payment standard provides a clear point of reference for affordability.
The percentage of renters and the total population in ZIP 43048 are also unspecified, leaving gaps in understanding the local rental market dynamics. Nevertheless, if there is a significant affordability gap between the FMR and what residents might be able to pay out-of-pocket, it could lead to increased competition among landlords for tenants who receive housing vouchers. Vouchers ensure a steady and reliable source of income, albeit at a fixed rate, which can be attractive to landlords looking for stability.
For landlords considering their strategy between accepting vouchers versus seeking cash-paying tenants, the key takeaway is that while vouchers offer predictability, they come with a capped income potential. If the local rental market allows for higher rates beyond the FMR of $1,080, landlords might find more profitability in attracting cash-paying tenants. However, this approach requires careful consideration of the area's economic conditions and the ability of residents to meet higher rent demands.
Data Sources: FMR data from HUD (2027).
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.