Location: Champaign County, OH | Metro: Champaign County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
The ZIP code 43070 presents a unique market dynamic that is worth exploring for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area, as of fiscal year 2026, is set at $1,200. This figure is crucial as it represents the benchmark rental price deemed sufficient to cover the costs of decent-quality rental housing in the local market.
A notable absence in the provided data is the current market rent and the percentage of price-cut share, along with days on market (DOM) and median home value. This lack of information suggests a limited dataset, possibly due to low activity levels or sparse reporting in the area. However, the zero percent renter share indicates that virtually all residents are homeowners, which can have significant implications for the rental market.
In a market with such a high homeowner concentration, the rental supply is likely constrained, leading to a situation where demand could easily outpace supply if there were an influx of renters. The absence of renters might also imply that there is little to no external pressure on housing prices, keeping them stable. For landlords, this means that while there may be fewer potential tenants, those who are looking to rent are likely to be serious about finding a place to live, reducing the risk of vacancy.
However, the stability and low turnover in the rental market could also mean slower growth in rental income compared to areas with higher renter shares. Landlords should consider the potential for long-term investment and the importance of maintaining a quality property to attract and retain the few renters available.
The snapshot of ZIP 43070's market suggests a niche environment, ideal for investors willing to focus on a stable, albeit smaller, rental pool. The dynamics of this market highlight the importance of understanding local demographics and trends to make informed decisions. For those looking to invest in rental properties, it is essential to consider the broader economic context and the potential for change in the homeowner-to-renter ratio.
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.