Location: Vinton County, OH | Metro: Hocking County, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 43152 reveals a unique balance between yield and stability that may appeal to certain types of investors. With a Fair Market Rent (FMR) of $870 for the fiscal year 2024, the rental income potential is straightforward. However, the lack of data regarding the local market rent price makes direct comparisons challenging. Despite this, the median home value stands at $297,044, which provides a clear benchmark for property investment costs.
Regarding stability, the data indicates that only 6.4% of the population are renters. This low percentage suggests that the area has a primarily owner-occupied housing stock, which could imply lower demand for rentals and thus affect the stability of rental cash flows. The absence of data on days on market (DOM) and average income further complicates a full assessment but does not detract from the available figures.
The combination of a defined FMR and a known median home value allows us to estimate the potential yield. Assuming an investor can secure a property close to the median home value, the rental income of $870 per month would translate into an annual rental income of $10,440. This figure must be weighed against the cost of the property and other expenses such as maintenance, insurance, and property taxes.
The low percentage of renters points towards a less stable rental market compared to areas with higher percentages of rental units. However, the stability is not entirely compromised; it simply means that the investor must consider the broader economic context and the likelihood of fluctuations in rental demand.
In summary, ZIP 43152 presents a scenario that leans towards a moderate yield and moderate stability. It is neither a high-yield/low-stability flip-style market nor a steady-cashflow zone. Instead, it offers a middle ground where investors can expect reasonable returns but must be prepared for varying levels of demand and potential changes in the local economy.
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.