Location: Muskingum County, OH | Metro: Columbus, OH HUD Metro FMR Area
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 | $990 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,530 | $309,354 | 0.49% | F |
U.S. Census Bureau data (2024)
The ZIP code 43746 presents a dynamic rental market influenced by the Federal Market Rent (FMR) set at $1140 for fiscal year 2024. This figure, established by the U.S. Department of Housing and Urban Development (HUD), reflects the government's benchmark for fair market rents in the area. In contrast, the actual market rent reported by the Census Bureau's American Community Survey (ACS) is $860. This discrepancy suggests that the rental market in ZIP 43746 is currently below the federal standard, indicating potential for upward movement as the market adjusts.
The median home value of $276,485 provides insight into the overall cost of living and property values in the region. However, the lack of specific data on the percentage of price cuts and days on market (DOM) makes it challenging to definitively state whether supply outpaces demand or vice versa. Despite these missing pieces, the lower market rent compared to the FMR implies a scenario where demand might be growing, pushing rents towards the federally determined standard.
A 24.9% renter share is noteworthy. This statistic indicates that nearly a quarter of the households in ZIP 43746 are renters, which can suggest long-term housing pressure due to affordability or other factors. High renter shares often correlate with areas experiencing steady population growth or economic shifts that favor renting over homeownership. This can be indicative of a persistent need for rental properties, potentially leading to increased competition among landlords and higher rental rates over time.
In summary, ZIP 43746 appears to be a market in transition, with rental prices currently below the federal standard but showing signs of upward pressure. The significant renter share points to ongoing housing dynamics that landlords and small-portfolio investors should monitor closely. While the exact balance between supply and demand remains unclear without additional data, the trends suggest a market that is likely to become more competitive for rentals, benefiting those who can offer quality properties at reasonable rates.
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.