Location: Ross 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 | $1,070 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,630 |
| 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 | $1,370 | $177,491 | 0.77% | D |
| 3BR | $1,630 | $254,935 | 0.64% | D |
| 4BR | $1,850 | $331,094 | 0.56% | F |
U.S. Census Bureau data (2024)
In Williamsport, OH (ZIP 43164), the real estate market presents a nuanced scenario for landlords and small-portfolio investors. The median home value stands at $240,274, indicating a stable base price for residential properties in the area. However, the absence of percentage data on listings that have been reduced and the median days on market (DOM) suggests a lack of recent volatility and an equilibrium between buyers and sellers.
The current setup signals a moderate pricing power for the next 12-24 months. Given the stability in home values without significant reductions, landlords can expect steady rental income from their properties. The Federal Market Rent (FMR) for ZIP 43164 in fiscal year 2024 is projected to be $1,150, while the current market rent is estimated at $988. This gap highlights an opportunity for long-term investors to potentially increase rents closer to the FMR level, provided they manage their properties effectively and maintain competitive standards in terms of maintenance and amenities.
For those considering long-term investments, the appreciation thesis remains cautious. While the median home value has held steady, there is no strong indication of rapid appreciation. The lack of recent reductions in listing prices and the stable DOM suggest a balanced market rather than one experiencing upward pressure. Therefore, appreciation is likely to be gradual, aligning with broader economic trends and local development projects rather than speculative bubbles or sudden shifts in demand.
Landlords and investors should focus on enhancing property value through strategic improvements and efficient management practices. The market supports maintaining current rental rates but offers a path for gradual increases towards the FMR levels. This approach ensures sustainability and avoids the risk of overpricing in a market that does not show signs of rapid growth.
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.