Location: Muskingum County, OH | Metro: Muskingum County, OH
| 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 |
U.S. Census Bureau data (2024)
ZIP code 43842, located within Muskingum County, OH, exhibits unique characteristics when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for ZIP 43842 is set at $1,090 for fiscal year 2026, which is a key figure for understanding the rental landscape here.
The absence of market rent and home value data for ZIP 43842 suggests limited private sector activity or smaller datasets that do not provide reliable averages. This could indicate a less developed or rural area where rental properties are primarily managed under government programs such as Section 8, rather than through the private market.
A particularly notable figure is the 0.0% renter share, which implies that virtually all residents in ZIP 43842 own their homes rather than renting. This stands in stark contrast to many other ZIP codes in Muskingum County, where there would likely be a higher percentage of renters. Such a low renter share combined with the presence of a defined FMR but the absence of market rent and home value data points towards a niche market heavily reliant on Section 8 vouchers for rental housing.
Given the specific figures available, ZIP 43842 appears to be neither a mid-tier neighborhood nor a premium sub-market within its metro. Instead, it can be classified as a value pocket, characterized by its reliance on government-supported housing options. Landlords and small-portfolio investors should focus on properties that qualify for the Section 8 program, given the defined FMR and the apparent lack of competition from market-rate rentals.
The strategy for investors in ZIP 43842 should involve understanding the local demand for subsidized housing and the intricacies of the Section 8 program. While the lack of private market data might seem limiting, it also presents an opportunity to serve a segment of the population that is underserved in terms of affordable housing options. With the FMR at $1,090, landlords can expect a steady stream of tenants who qualify for the subsidy, ensuring consistent occupancy rates.
To conclude, ZIP 43842 offers a specialized investment opportunity within the Muskingum County, OH metro, catering specifically to those utilizing Section 8 vouchers. Investors should prepare to navigate the requirements of the Section 8 program but can expect a stable and predictable rental environment.
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.