Section 8 Fair Market Rent (FMR) for ZIP 43734 - 2027

Location: Muskingum County, OH | Metro: Muskingum County, OH

Investment Score for ZIP 43734

F
Monthly Rent (2BR)
$1,030
Median Price (2BR)
$172,380
1% Rule
0.6%
Annual Yield
7.17%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$880
1 Bedroom$890
2 Bedrooms$1,030
3 Bedrooms$1,380
4 Bedrooms$1,530
5 Bedrooms$1,775
6 Bedrooms$1,988
7 Bedrooms$2,147
8 Bedrooms$2,254

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,030 $172,380 0.6% F
3BR $1,380 $240,752 0.57% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
1,568
Median Household Income
$113,000
Housing Units
666
Renter Percentage
4.2%
Occupancy Rate
91.9%
Renter Occupied
26

The ZIP code 43734, located in Duncan Falls, Ohio, stands out within Muskingum County due to its unique demographic and economic characteristics. With a population of 1,568 residents, only 4.2% of whom rent their homes, this area has a predominantly owner-occupied housing market. The median income in Duncan Falls is $113,000, reflecting a relatively affluent community. Additionally, the median home value of $214,834 further underscores the financial stability of the local homeowners.

Despite these indicators of economic strength, the rental market in Duncan Falls is quite limited. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,000, but the lack of available market data suggests that rental properties are scarce or not well-documented. This scarcity can be a significant factor for landlords and small-portfolio investors considering entering the market, as it implies a smaller pool of potential tenants who qualify for Section 8 vouchers.

The data signature for ZIP 43734 reads as stable, characterized by high median incomes and home values, alongside a low percentage of renters. These factors indicate a community where homeownership is the norm, and there is little evidence of rapid change or transitional dynamics. For investors, this stability can be reassuring, but it also means that opportunities related to Section 8 vouchers might be limited compared to areas with higher percentages of renters and more robust rental markets.

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.