Location: Coshocton 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 | $760 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $151,252 | 0.66% | D |
| 3BR | $1,250 | $204,594 | 0.61% | D |
| 4BR | $1,690 | $239,591 | 0.71% | D |
U.S. Census Bureau data (2024)
The real estate market in ZIP 43845, West Lafayette, OH, presents a nuanced picture for both landlords and small-portfolio investors. The median home value stands at $173,279, indicating a relatively affordable housing market compared to many other areas across the country. However, the lack of percentage data on listings that have been reduced and the absence of a specific median days on market (DOM) figure suggest a stable market with little fluctuation in recent times. This stability can be interpreted as a sign of consistent demand, which supports pricing power for the near future.
On the rental side, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $970. In contrast, the current market average rental price is recorded at $695 according to the Census ACS. This significant gap between the projected FMR and the current market rate signals potential upward pressure on rents. As government programs adjust their rental assistance rates to meet the FMR, it could lead to an increase in overall rental prices, benefiting landlords who can command higher rates without losing tenants.
For long-term investors, the setup in West Lafayette suggests a realistic appreciation thesis. With the median home value already at an accessible level and the potential for rental price increases, there is a strong basis for property values to rise. However, the exact pace of appreciation is less clear due to the missing specifics on recent market trends. Long-term investors should expect gradual growth in property values, driven by steady demand and the possibility of rising rents.
In summary, the combination of an affordable median home value, stable market conditions, and a projected increase in rental prices indicates a favorable environment for landlords and investors. The data points towards a market where pricing power will likely remain firm over the next 12-24 months, supporting both property values and rental income levels.
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.