Location: Muskingum County, OH | Metro: Guernsey County, OH
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 | $850 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $215,823 | 0.47% | F |
| 3BR | $1,360 | $270,951 | 0.5% | F |
| 4BR | $1,520 | $301,738 | 0.5% | F |
U.S. Census Bureau data (2024)
The ZIP code 43762, located in New Concord, OH, stands out within the Muskingum County, OH metro area based on several key metrics. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,000. In comparison, the market rent for ZIP 43762 is notably lower at $778, indicating that it is below the average for the county. This suggests that 43762 could be considered a value pocket within its metro, offering rental properties at a lower cost than the broader area.
The median home value in 43762 is listed at $253,575, which is also below the typical range for Muskingum County. Given that the renter share in 43762 is relatively high at 27.3%, this combination of factors points towards an environment where Section 8 housing might be particularly advantageous. High renter shares with below-average home values can signal a sweet spot for Section 8 investments, as it suggests a strong demand for affordable rental housing.
To further contextualize, let's consider the implications for landlords and small-portfolio investors. If the typical FMR across Muskingum County is $1,000, landlords in 43762 can potentially offer competitive rents without sacrificing profitability, given the lower market rent and home values. This makes 43762 a compelling option for those looking to invest in areas with strong tenant demand but at a more accessible price point.
In summary, ZIP 43762 presents itself as a value pocket within the Muskingum County, OH metro. Its below-average market rent and home values coupled with a higher-than-average renter share make it a strategic location for Section 8-related real estate investments.
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.