Location: Perry County, OH | Metro: Columbus, OH HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,090 | $212,648 | 0.51% | F |
| 2BR | $1,280 | $280,083 | 0.46% | F |
| 3BR | $1,570 | $381,540 | 0.41% | F |
| 4BR | $1,900 | $482,097 | 0.39% | F |
U.S. Census Bureau data (2024)
ZIP 43076, located in Thornville, OH, Perry County, OH HUD Metro FMR Area, is best categorized as an appreciation play within a Section 8 portfolio strategy. This classification is based on several key metrics that indicate favorable conditions for property appreciation over time.
The first metric to consider is the spread between the Fair Market Rent (FMR) and the market rent. For FY 2024, the FMR in ZIP 43076 is set at $1100, while the current market rent stands at $922. This $178 difference suggests that properties can be rented out at rates higher than the market average, without exceeding the FMR limit for Section 8 tenants. Landlords can thus benefit from higher rental income compared to non-subsidized tenants, enhancing their cash flow and investment returns.
The median home value in ZIP 43076 is $348,018, which is relatively high for the area. This indicates a strong local housing market where property values are likely to appreciate over time. The low 0.2% price-cut share suggests that there is little need to reduce asking prices to sell homes, implying a robust demand for real estate in the area. While the days-on-market (DOM) figure is not available, the low price-cut share typically correlates with quick sales, reducing holding costs and vacancy periods for landlords.
The 12.6% renter share in ZIP 43076 shows that a significant portion of the population rents their homes, creating a steady demand for rental properties. Coupled with the median income of $91,085, this suggests that residents have the financial capacity to afford higher rents, further supporting the potential for rental income growth. Additionally, the presence of Section 8 tenants ensures a stable stream of rental income, as these payments are guaranteed by the government.
In conclusion, ZIP 43076 offers a unique blend of characteristics that make it an excellent appreciation play within a Section 8 portfolio strategy. The combination of a favorable FMR-market rent spread, a high median home value indicative of a strong housing market, and a substantial renter share supported by solid median incomes all point towards long-term capital appreciation and steady rental income growth.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.