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 | $840 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $224,985 | 0.45% | F |
| 3BR | $1,320 | $281,374 | 0.47% | F |
| 4BR | $1,500 | $347,596 | 0.43% | F |
U.S. Census Bureau data (2024)
The median income in ZIP 43822, which encompasses Frazeysburg, OH, stands at $60,266. Considering the market rate for rent is $805 according to Census ACS data, it becomes evident that the average household in this area faces significant challenges in affording housing without financial assistance.
To put this into perspective, let's compare the market rate to the voucher payment standard. The Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1050. This means that a household receiving a Section 8 voucher could potentially afford a rental unit priced at $1050, which is notably higher than the current market rate of $805. However, this also highlights an affordability gap for those not benefiting from such assistance.
In ZIP 43822, 34.8% of the population are renters, and with a total population of 5,095, this equates to roughly 1,770 residents who are renting their homes. Given the median income level, many of these renters would struggle to pay the market rate without some form of subsidy. This suggests that there is a substantial portion of the rental market that relies on financial aid to secure housing.
The implication for landlords is clear: while cash-paying tenants might be available, they are likely to be price-sensitive. Landlords who accept Section 8 vouchers will have a steady stream of tenants willing to pay up to the FMR of $1050, which is above the current market rate. This strategy could ensure higher occupancy rates and more stable income compared to relying solely on market-rate tenants.
In conclusion, for landlords considering their tenant mix, accepting Section 8 vouchers presents a viable option to fill units and maintain consistent revenue. The current market rate of $805 is below what voucher holders can pay, making subsidized housing a competitive advantage in this ZIP code.
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.