Location: Vinton County, OH | Metro: Hocking County, 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 | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $242,377 | 0.41% | F |
| 3BR | $1,360 | $309,747 | 0.44% | F |
| 4BR | $1,460 | $386,772 | 0.38% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 43138, Logan, OH, presents a nuanced picture for both landlords and small-portfolio investors. With a median home value of $258,981, the market reflects a stable residential environment where slight adjustments in pricing can have significant impacts on occupancy rates. The fact that only 0.2% of listings have been reduced indicates a strong seller's market, where homes are holding their value and there is little pressure to lower prices. This, combined with a median days on market (DOM) of 26 days, suggests that homes are selling quickly, further reinforcing the notion that the area retains considerable pricing power.
On the rental side, the forward market rate (FMR) for ZIP 43138 is projected at $860 for fiscal year 2024, a notable increase from the current market rate of $783 based on Census ACS data. This trend signals potential upward pressure on rents, aligning with the broader stability in home values. Landlords and investors should anticipate a gradual rise in rental income, which could offset any maintenance costs or property taxes.
For long-term holders, the appreciation thesis in Logan, OH, appears realistic but modest. The combination of quick sales and minimal price reductions points towards a steady growth trajectory rather than explosive appreciation. Investors should expect an annual increase in property values that mirrors the general inflation rate, perhaps slightly above due to the local market conditions. However, the expectation should be tempered by the understanding that such growth will likely be incremental and not dramatic.
The overall setup in ZIP 43138 suggests a balanced market where both homeownership and rental investments offer solid returns, albeit without the potential for rapid capital gains. The data implies a continued need for landlords to keep their properties well-maintained and competitively priced to attract tenants, while also preparing for a slow and steady increase in both property values and rental rates.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.