Location: Muskingum County, OH | Metro: Coshocton 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 | $950 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,500 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $192,275 | 0.58% | F |
| 3BR | $1,500 | $256,444 | 0.58% | F |
| 4BR | $1,710 | $316,855 | 0.54% | F |
U.S. Census Bureau data (2024)
The potential pitfalls of investing in Section 8 properties in ZIP 43821, Dresden, OH, start with tenant turnover. At a market rent of $926 compared to the Federal Market Rent (FMR) of $1,090 for FY 2026, landlords might face higher turnover rates as tenants seek subsidies to cover the gap between their income and housing costs. This can lead to frequent vacancies and increased administrative burdens.
Vacancy exposure is another concern. The days on market (DOM) data is currently unavailable, which makes it difficult to predict how long properties might remain vacant. In areas with high turnover, prolonged vacancies can significantly impact cash flow and profitability.
Deferred maintenance poses a risk due to the relatively low median income of $65,427 compared to the typical home value of $219,518. Tenants may struggle to keep up with property upkeep, leading to higher maintenance costs for landlords. It's crucial to budget for these expenses when considering an investment in this area.
However, the high renter share of 24.4% in ZIP 43821 indicates a robust demand for rental housing, which typically translates into strong interest in Section 8 vouchers. High renter density can provide a steady stream of qualified applicants, reducing the likelihood of extended vacancies and ensuring consistent income.
In conclusion, despite the challenges of tenant turnover and deferred maintenance, the significant renter share suggests that there will be enough demand to mitigate some of these risks. Therefore, the overall risk for a first-time Section 8 landlord in ZIP 43821 is moderate.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.