Location: Guernsey County, OH | Metro: Guernsey County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
U.S. Census Bureau data (2024)
Investors skeptical about ZIP 43750 in Kipling, OH, often question whether the Fair Market Rent (FMR) of $980 for the metro area in fiscal year 2026 can cover the mortgage on a typical home. The median home value in this ZIP code is notably low, at approximately $81,000, according to recent data. While this figure suggests that mortgages on homes in 43750 would likely be manageable, it's important to note that specific mortgage rates and terms can vary widely based on factors such as credit score and down payment. The data does not provide a breakdown of mortgage costs, so investors should consult local lending institutions for precise figures.
A second objection centers around the perceived lack of rental demand, given that the data indicates a rate of 0.0%. This statistic may seem alarming but needs context. The 0.0% figure might reflect the limited availability of rental listings or a unique situation in the area. However, the low median home value could suggest that many residents own their homes rather than renting, which might skew the rental demand figures. To truly gauge demand, investors must consider the broader economic conditions and population trends in Kipling, OH, and the surrounding areas.
The final concern is whether housing vouchers will keep pace with the market rents. Unfortunately, the data provided does not specify the current or projected usage of housing vouchers in ZIP 43750. Without this information, it's challenging to make a definitive statement. However, given the low median home value and the FMR of $980, it's reasonable to assume that voucher amounts could cover a significant portion of the rent in this area. Investors should research the local housing authority and the types of assistance programs available to understand how vouchers might affect their 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.