Location: Ottawa County, OH | Metro: Ottawa County, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
The ZIP code 43436, located in Franklin County, Ohio, presents a unique profile for Section 8 real estate analysis. With an absence of detailed demographic data such as resident count, rental percentage, median income, and median home value, landlords and small-portfolio investors must rely on other indicators to gauge the area's suitability for Section 8 housing.
The Fair Market Rent (FMR) for ZIP 43436 for fiscal year 2024 is set at $950. This figure is crucial for understanding the economic dynamics of the area, especially when compared to the local market rent which is currently unavailable. The FMR serves as a benchmark for determining the maximum rent that can be charged for Section 8 properties, ensuring affordability for low-income families while providing a stable income stream for landlords.
In the absence of comprehensive market rent data, the FMR of $950 provides a clear guideline for setting rental rates that comply with federal standards. Landlords should note that this rate may not reflect the full range of rental values in the area, but it does offer a consistent measure against which they can compare their own property valuations and rental costs.
Given the lack of detailed demographic and market data, the ZIP 43436's data signature appears transitional. This means that landlords and investors should stay vigilant and keep abreast of any updates or changes in the local real estate market. While the FMR offers a fixed point of reference, the actual stability of the area will depend on broader economic trends and the influx or outflow of tenants seeking affordable housing options.
To make informed decisions, it is advisable to consult local real estate experts or conduct further research into recent developments and trends specific to Franklin County. The transitional nature of the ZIP suggests potential for growth or change, which could present both challenges and opportunities for those involved in Section 8 housing.
Data Sources: FMR data from HUD (2027).
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.