Location: Fayette County, OH | Metro: Fayette County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 43142 presents a unique scenario for real estate investment, particularly within the context of Section 8 properties. To classify this area on the axes of yield and stability, we must consider several key metrics.
Yield Analysis: The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980. This figure is crucial as it represents the maximum rental amount that can be charged for Section 8 properties in this region. Given that the market rent and home value figures are currently unavailable, the FMR becomes the primary indicator for potential rental income. Landlords should aim to maximize their investment by aligning their property rents closely with the $980 FMR limit to ensure the highest possible yield without exceeding the allowable rates.
Stability Analysis: Stability is assessed through the percentage of renters, the average days on market (DOM), and median household income. In ZIP 43142, 37.5% of residents are renters, indicating a moderate demand for rental properties. The lack of specific data on DOM suggests that rental listings may move quickly once they are priced correctly, aligning with the local rental market dynamics. Median household income stands at $55,833, which provides insight into the financial capacity of the tenants. This income level supports the viability of Section 8 housing, as it ensures that there is a sufficient number of low-income households eligible for the program.
Based on these figures, ZIP 43142 leans towards being a steady-cashflow zone. The moderate renter population and the alignment with the FMR suggest that while yields may not be exceptionally high due to the capped rental rates, the consistent demand for affordable housing and the financial stability of the tenant pool make it a reliable investment option. The absence of specific market rent and DOM data prevents a definitive classification, but the existing information points towards a balanced market that offers predictable returns.
To further refine this analysis, landlords and small-portfolio investors should monitor local rental trends and the availability of Section 8 vouchers. Engaging with local real estate agents and attending community meetings can provide additional insights into the nuances of the ZIP 43142 market, aiding in making informed investment decisions.
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.