Location: Columbiana County, OH | Metro: Columbiana County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
U.S. Census Bureau data (2024)
The ZIP code 43962, with a population of 67, has a significant rental market presence. Specifically, 32.1% of residents are renters, indicating a notable demand for rental properties. However, given the small population size, the overall number of potential Section 8 tenants is limited. The median household income stands at $90,833, which provides a benchmark for evaluating the affordability of housing in this area.
A typical market rent of $650 consumes approximately 7.7% of the median household income. This suggests that the majority of residents can comfortably afford this level of rent without needing assistance. Comparatively, the Fair Market Rent (FMR) for the metro area is set at $970 for FY 2026, which is higher than the current market rent. This indicates that while there might be some voucher holders seeking accommodation, they may face challenges finding properties within their budget.
The type of tenant profile a landlord in ZIP 43962 should expect is primarily individuals who can afford market rents without subsidies. There will likely be a smaller segment of tenants utilizing Section 8 vouchers, but these tenants will have to find properties willing to accept lower rents than the FMR suggests. Landlords should prepare for a mix of tenants, with most paying standard market rates and a minority relying on government assistance.
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.