Location: Noble County, OH | Metro: Guernsey County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 43732, located in Noble County, OH metro, reveals a favorable environment for rental properties. The HUD Fair Market Rent (FMR) for the area is set at $970 per month for fiscal year 2026, which is significantly higher than the average market rent of $685 based on Census ACS data. This means that voucher tenants can generally cashflow at the FMR rate, providing a strong financial advantage over typical market rents.
To further analyze the investment potential, consider the median home value in ZIP 43732, which stands at $193,129. Using this figure, we can calculate the rent-to-price ratio, which is approximately 0.55%. This low ratio indicates that the rental income generated from properties in this area is relatively high compared to their purchase price, making it an attractive option for investors seeking to maximize returns through rental income.
The dynamics between renting and buying in ZIP 43732 are also noteworthy. With a median Days on Market (DOM) of N/A and a price-cut share of N/A%, the data suggests that the housing market is stable and does not indicate significant fluctuations or prolonged periods of unsold inventory. This stability supports the idea that property values are unlikely to experience dramatic changes, which can be beneficial for long-term investment strategies.
The strongest angle for Section 8 investors in ZIP 43732 is cashflow. The disparity between the HUD FMR and the actual market rent provides a substantial cushion for covering expenses and generating profit. Additionally, the favorable rent-to-price ratio further enhances the attractiveness of this market for investors focused on rental income.
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.