Location: Athens County, OH | Metro: Hocking County, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The classification of ZIP code 43144 on the axes of yield and stability reveals a nuanced investment scenario for landlords and small-portfolio investors. On the yield axis, the Federal Market Rent (FMR) for ZIP 43144 in fiscal year 2024 is set at $860, which stands significantly above the market rent of $765. This indicates a potential opportunity for higher rental income, suggesting a relatively high-yield environment.
However, the absence of home value data for ZIP 43144 means that flipping properties cannot be assessed based on current market trends. Therefore, this ZIP code does not fit into the high-yield/low-stability category typically associated with flip-style markets.
Moving to the stability axis, the data points towards a mixed scenario. With only 10.2% of residents being renters, the market suggests lower occupancy risks and potentially more stable tenancies. However, the lack of data on days on market (DOM) complicates the assessment of how quickly properties can be rented out, indicating some uncertainty regarding turnover speed.
The median household income of $34,732 provides insight into the economic stability of the area. This figure is crucial as it reflects the ability of residents to sustain rent payments over time. While not exceptionally high, the income level supports a steady cash flow if the rental units are priced appropriately within the $765-$860 range.
Based on these figures, ZIP 43144 leans more toward a steady-cashflow zone rather than a high-risk, high-reward market. The higher FMR compared to market rent supports this conclusion, offering landlords a chance to earn slightly above average returns while maintaining a relatively stable tenant base.
To summarize, the key figures driving this analysis are:
These factors collectively suggest a balanced approach where landlords can expect reasonable yields without compromising on the stability of their investments.
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.