Location: Noble County, OH | Metro: Wheeling, WV-OH MSA
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 | $700 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $116,683 | 0.86% | C |
| 3BR | $1,290 | $172,354 | 0.75% | D |
| 4BR | $1,430 | $187,991 | 0.76% | D |
U.S. Census Bureau data (2024)
The Barnesville, OH market, represented by ZIP code 43713, stands at a pivotal point with distinct dynamics shaping its trajectory. The Fair Market Rent (FMR) for the area is set at $860 for fiscal year 2024, while the actual market rent, according to Census ACS data, is lower at $763. This suggests that there is a potential gap between what the government deems fair and the current market conditions, indicating that the market rent could be on an upward trend to meet the FMR benchmark.
The median home value in Barnesville is $138,118, which is relatively low compared to national averages, potentially making homeownership accessible to a broader range of residents. However, the lack of data on price-cut shares and days on market (DOM) indicates that there isn't significant volatility in the housing market, suggesting a stable environment rather than one with rapidly changing values.
A notable statistic is the 28.4% renter share of the population. This high proportion of renters implies ongoing housing pressure, as a substantial portion of the community cannot afford homeownership. For landlords and small-portfolio investors, this means a steady demand for rental properties, which can translate into consistent cash flow and occupancy rates. The dynamics of a higher renter share suggest that the market is likely to continue experiencing pressure towards maintaining rental units, as they serve a critical need for those who cannot yet purchase homes.
In summary, the Barnesville, OH market presents a scenario where rental demand is strong, supported by a significant portion of the population relying on rentals. While the median home value is low, suggesting affordability for homeownership, the gap between FMR and market rent points to a market where rental prices could rise. This balance between supply and demand favors landlords and small-portfolio investors, offering a stable and potentially growing rental market.
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.