Location: Logan County, OH | Metro: Logan County, OH
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 | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $196,932 | 0.53% | F |
| 3BR | $1,240 | $245,562 | 0.5% | F |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 investment in ZIP code 43348, Russells Point, OH, include significant challenges related to tenant turnover, vacancy exposure, and deferred maintenance. With a market rent of $637 compared to the $1,000 Fair Market Rent (FMR) for FY 2026 in the metropolitan area, landlords can expect higher turnover rates as tenants seek more affordable housing options. The vacancy risk is heightened due to the lack of available data on days on market (DOM), indicating that properties might remain vacant for extended periods without clear trends. Additionally, the average home value in the area stands at $202,529, while the median household income is only $51,426. This disparity suggests a potential for deferred maintenance, as many residents may struggle to afford necessary repairs and improvements.
Despite these risks, the high renter share of 33.8% in ZIP 43348 offers a silver lining. High renter density typically translates into robust demand for rental units, including those supported by Section 8 vouchers. This demand can help stabilize occupancy rates and provide a steady stream of tenants who are committed to their lease terms. The presence of a large number of renters also indicates a community where housing assistance programs are likely to be well-utilized, potentially leading to a smoother tenant application and approval process.
Verdict: Moderate risk for a first-time Section 8 landlord.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.