Location: Ottawa County, OH | Metro: Ottawa County, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 43458 reveals a unique blend of yield potential and market stability that may interest both landlords and small-portfolio investors. The Federal Market Rent (FMR) for the fiscal year 2024 stands at $860. This figure is notably higher than the local market rent of $775, indicating a strong potential for rental income above the average. However, the lack of available data on home values suggests that there might be limited opportunities for flipping properties in this area.
Regarding stability, the ZIP code shows a moderate level of tenant reliability. With 22.3% of residents being renters, there is a decent but not overwhelming presence of the rental market. The absence of day DOM (days on market) data means we cannot evaluate how quickly properties are rented out once listed. Nevertheless, the median household income of $78,906 provides a positive signal for the financial stability of tenants, suggesting they are likely to have the means to pay rent consistently.
Based on these figures, ZIP 43458 does not fall into the high-yield/low-stability category typical of flip-style markets. Instead, it leans towards a steady-cashflow zone. The higher FMR compared to the market rent supports the idea that this area can generate solid rental income. Additionally, the presence of a relatively stable income base among residents indicates that tenants are likely to maintain their rental obligations without significant risk of default.
To summarize, the primary drivers for classifying ZIP 43458 as a steady-cashflow zone are the favorable FMR-to-market rent ratio and the median household income levels. These factors suggest that while the yield is above average, the overall stability of the market ensures consistent cash flow for property owners.
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.