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 | $1,060 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,330 | $224,418 | 0.59% | F |
| 3BR | $1,600 | $315,070 | 0.51% | F |
| 4BR | $1,850 | $423,722 | 0.44% | F |
U.S. Census Bureau data (2024)
The ZIP code 43148, located in Pleasantville, OH, represents a modest-sized rental market with a population of 1,898 residents. With 23.2% of the population being renters, it indicates that this area is not heavily dominated by renters. However, the presence of a significant portion of renters suggests there is demand for rental properties.
The median household income in the area stands at $72,072, which provides a basis for understanding the affordability of housing. The market rent for the area is $968 per month, which equates to approximately 15.5% of the median household income. This figure is calculated by dividing the monthly rent by the annual median income and multiplying by 100. While this percentage is reasonable, it is important to note that the Fair Market Rent (FMR) for the area is set at $1190 for FY 2024, indicating that the market rent is below the FMR threshold.
The discrepancy between the market rent ($968) and the FMR ($1190) suggests that there could be a relatively deep demand for rental vouchers in this area. Landlords in ZIP 43148 should expect tenants who are likely to benefit from Section 8 housing vouchers due to the lower market rent compared to the FMR. These tenants will have their rent subsidized, making up the difference between the market rate and the amount they can afford based on their income.
A landlord in this area should anticipate tenants whose incomes are typically less than 50% of the area's median income, as this is a common eligibility criterion for Section 8 vouchers. Given the median income of $72,072, eligible tenants would likely earn around $36,000 or less annually. This tenant profile aligns with the lower end of the income spectrum in ZIP 43148, reflecting a mix of families and individuals who rely on government assistance to secure affordable housing.
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.