Location: Guernsey County, OH | Metro: Guernsey County, OH
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 | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $128,458 | 0.78% | D |
| 3BR | $1,340 | $183,867 | 0.73% | D |
U.S. Census Bureau data (2024)
A skeptical investor considering investing in ZIP 43723 (Byesville, OH) might have several concerns. One key objection is whether the Fair Market Rent (FMR) of $970 for the fiscal year 2026 will sufficiently cover the mortgage on a home valued at $149,673. The data suggests that while the FMR provides a benchmark for rental income, it does not guarantee that the rent collected will fully cover the mortgage. To accurately assess this, an investor must consider the interest rate and terms of the mortgage.
Another concern is the level of renter demand, given that only 35.8% of the housing units are occupied by renters. This figure indicates a relatively low rental market compared to other areas. However, it also implies that there could be opportunities for landlords who can offer competitive rates and quality living conditions, as the market may not be saturated with rental options.
The final objection is whether Housing Choice Vouchers will keep pace with the $867 market rent. The voucher program aims to help low-income families afford decent housing, but the amount of assistance varies based on local housing costs and family income levels. While the FMR is set at $970, this does not necessarily mean that voucher amounts will exactly match the market rent. Landlords should verify the current voucher payment standards for ZIP 43723 to ensure they align with their investment goals.
To summarize, while ZIP 43723 presents some challenges, such as potentially insufficient rental income to cover mortgage expenses and a modest rental market share, these factors do not definitively preclude successful investment. Careful planning, understanding of local market dynamics, and verification of government assistance programs are crucial steps for any investor entering this area.
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.