Location: Muskingum County, OH | Metro: Muskingum County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
ZIP code 43738, located within Muskingum County, OH, presents a unique scenario when compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for ZIP 43738 is set at $970 for fiscal year 2026. This figure represents the maximum amount that a household receiving federal rental assistance can pay for housing.
The absence of market rent and home value data for ZIP 43738 suggests limited availability of private rental properties and residential sales data, which could indicate a smaller population or less active real estate market in this area. Additionally, the 0.0% renter share implies that there are no reported renters in this ZIP code, which further supports the notion of a less developed real estate sector.
In the context of Muskingum County, OH, ZIP 43738 appears to be a value pocket rather than a mid-tier neighborhood or a premium sub-market. The lower FMR of $970, without corresponding market rent or home value data, points towards an area where federally assisted tenants can find affordable housing options. However, the lack of private rental activity and home sales indicates that this ZIP code might not attract a significant number of non-assisted renters or buyers.
The absence of a renter share in conjunction with the FMR data does not signal a typical Section 8 sweet spot, as such areas usually have a higher percentage of renters alongside relatively low home values. Instead, it suggests that ZIP 43738 is primarily composed of homeowners or has very few rental units available in the private market. For landlords and small-portfolio investors, this ZIP code may offer opportunities for serving the needs of federally assisted tenants, but the overall market dynamics suggest a niche investment opportunity rather than a broad, profitable sub-market.
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.