Location: Noble County, OH | Metro: Noble County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The investment landscape for Section 8 landlords in ZIP code 43779 presents several challenges that must be carefully considered. First, tenant turnover is a significant risk due to the discrepancy between the market rent and the Fair Market Rent (FMR) of $1,020 for fiscal year 2026, which is based on the metro area. The absence of current market rent data suggests that there may be a gap between what tenants can afford and what landlords might expect, leading to higher turnover rates.
Vacancy exposure is another critical factor. With an unknown average number of days on the market (DOM), it's difficult to predict how long properties might remain vacant. However, the typical home value in ZIP 43779 stands at $214,720, indicating a relatively stable housing market. Yet, the lack of median income data introduces uncertainty about the financial stability of potential tenants, which could lead to deferred maintenance issues if tenants struggle to cover their living expenses, let alone contribute to property upkeep.
Despite these risks, the high concentration of renters—comprising 1.3% of the total population—suggests a robust demand for rental properties, including those accepting Section 8 vouchers. High renter density often correlates with increased voucher usage, providing a steady stream of qualified tenants who can reliably pay rent through their housing assistance.
In summary, while there are notable risks associated with tenant turnover, vacancy exposure, and deferred maintenance in ZIP 43779, the substantial renter base offers a counterbalance. Given these factors, the overall risk for a first-time Section 8 landlord in this area is moderate.
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.