Location: Monroe 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 | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,370 | $194,477 | 0.7% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 43716 presents a unique set of conditions that can be leveraged by both landlords and small-portfolio investors. The median home value stands at $155,680, which indicates a relatively affordable market. Despite the N/A% of listings being reduced and the N/A-day median days on market (DOM), it's evident that the housing market is stable, with neither significant increases nor decreases in home values.
This stability suggests that landlords and investors will maintain their pricing power over the next 12-24 months. The consistent median home value provides a solid foundation for rental pricing without the risk of sudden fluctuations. Landlords can continue to set competitive rental rates based on the current market conditions, ensuring steady cash flow.
The Federal Market Rent (FMR) for ZIP 43716 is projected to be $860 for fiscal year 2024, slightly above the current market rate of $848, as reported by the Census Bureau's American Community Survey (ACS). This minor increase signals a modest demand for rental properties, allowing landlords to adjust their rents accordingly while remaining attractive to tenants.
For long-term investors, the setup in ZIP 43716 implies a conservative appreciation thesis. Given the stable median home value and the slight upward trend in FMR, there is potential for gradual growth in property values. However, rapid appreciation is unlikely. Instead, investors should focus on the consistent rental income and the possibility of long-term capital appreciation, which, although modest, remains a reliable investment strategy.
In summary, the combination of a stable median home value and a slight increase in rental rates suggests that ZIP 43716 offers a predictable and secure environment for real estate investments. Landlords and investors can expect to maintain their pricing power and benefit from steady rental income and gradual property value appreciation.
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.