Location: Williams County, OH | Metro: Williams County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 43531 presents a unique set of conditions that landlords and small-portfolio investors should carefully consider. The median home value data is currently unavailable, which makes it challenging to pinpoint exact trends. However, the percentage of listings reduced and the median days on market (DOM) are also reported as N/A, suggesting a lack of recent transactional data to form a comprehensive picture.
Despite the missing numerical specifics, the absence of these key metrics can be interpreted in several ways. A high percentage of reduced listings typically indicates a softening market where sellers are lowering their asking prices to attract buyers. Similarly, an increase in DOM suggests that homes are taking longer to sell, another sign of a less robust market. These factors, when present, would generally point towards a scenario where pricing power may diminish over the next 12-24 months, as buyers have more leverage to negotiate lower prices.
On the rental side, the Fair Market Rent (FMR) for ZIP 43531 is projected at $970 for the fiscal year 2026, according to the latest data available. This figure represents the average rent for a two-bedroom apartment, which is often used as a benchmark for assessing the affordability of housing in the area. Without specific current market rent data, it's difficult to compare the FMR against actual rental rates. However, if the current market rents are below $970, this could indicate a potential for rental price increases in line with the FMR projection, assuming the economy and local job market remain stable.
For long-term investors, the lack of historical appreciation data means there is no clear pattern to suggest future growth in property values. If past appreciation has been low or non-existent, it signals that ZIP 43531 might not offer strong capital appreciation opportunities. Instead, investors should focus on rental yields and the stability of rental income, especially if the FMR is expected to rise. A steady stream of rental income, coupled with the potential for modest rent increases, provides a realistic investment thesis for those looking to hold properties over the long term.
In summary, while specific figures for median home value, reduced listings, and DOM are not available, the overall setup suggests a cautious approach to pricing power. Investors should pay close attention to the rental market dynamics, particularly the relationship between current rents and the FMR, to make informed decisions regarding their portfolios.
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.