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 | $1,000 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,170 | $245,401 | 0.48% | F |
| 3BR | $1,560 | $301,594 | 0.52% | F |
| 4BR | $1,730 | $383,378 | 0.45% | F |
U.S. Census Bureau data (2024)
The Section 8 thesis for properties in ZIP code 43830, located in Frazeysburg, OH, centers around the disparity between the Fair Market Rent (FMR) set at $1050 for fiscal year 2024 and the actual market rent, which stands at $971 according to the latest Census ACS data. This creates a $79 gap, representing approximately 8.3% difference between the two figures. The implications of this gap are significant for landlords and small-portfolio investors.
Given that the FMR exceeds the market rent, it positions voucher tenants as a lucrative opportunity for increasing yields. Landlords can secure higher rental incomes by participating in the Section 8 program, thereby attracting tenants whose rent is subsidized up to the FMR level. In a market where only 21.6% of residents are renters, the competition for rental properties is relatively low, making it easier to fill units with voucher holders.
The median home value in Frazeysburg is $303,259, while the median household income is $88,346. These figures suggest that homeownership is more prevalent and financially feasible for many residents. However, for those who do rent, particularly those relying on housing vouchers, the higher FMR ensures they can afford to live in a property that might otherwise be out of reach due to market rates.
Participating in the Section 8 program allows landlords to tap into a stable source of rental income, as the government covers the difference between the market rate and the FMR. This stability is especially valuable in an area where the economic conditions might otherwise lead to higher vacancy rates or difficulty in finding tenants willing to pay market rents. Therefore, for small-portfolio investors looking to maximize returns and minimize risk, the Section 8 program presents a compelling strategy in ZIP 43830.
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.