Section 8 Fair Market Rent (FMR) for ZIP 43973 - 2027

Location: Tuscarawas County, OH | Metro: Wheeling, WV-OH MSA

Investment Score for ZIP 43973

N/A

Monthly Rent (2BR)

$1,070

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$820
2 Bedrooms	$1,070
3 Bedrooms	$1,430
4 Bedrooms	$1,530
5 Bedrooms	$1,775
6 Bedrooms	$1,988
7 Bedrooms	$2,147
8 Bedrooms	$2,254

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,430	$211,457	0.68%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,016

Median Household Income

$72,600

Housing Units

1,154

Renter Percentage

16.6%

Occupancy Rate

62.7%

Renter Occupied

120

The ZIP code 43973, located in the heart of rural Ohio, offers a stable and predictable rental market for landlords and small-portfolio investors. This area benefits from a mix of residential and agricultural settings, providing a comfortable living environment for its residents.

Fair Market Rent (FMR): The FMR for a one-bedroom apartment in ZIP 43973 for fiscal year 2024 is set at $860, offering a benchmark for rental pricing.
Market Rent: According to the latest Census ACS data, the average market rent for a one-bedroom unit stands at $909, slightly above the FMR, indicating a healthy demand for rental properties.
Median Home Value: The median home value in the area is $168,761, making it an attractive location for both first-time homeowners and investors looking for affordable entry points.
Renter Share: With 16.6% of households being renters, there's a consistent base of tenants, though the majority still prefer homeownership.
Days on Market (DOM): The data shows that the DOM for rental listings is N/A, which could imply either a quick turnover or limited availability of recent listings.
Median Income: The median household income in ZIP 43973 is $72,600, suggesting that residents have the financial stability to support modest rental rates.

The analysis of these key metrics reveals a balanced rental market with steady demand and reasonable rental prices relative to the median income. Investors should focus on one-bedroom units, given the FMR and market rent data, while also considering the potential for appreciation in median home values. The relatively low renter share indicates that there might be room for growth in the rental sector, but landlords must remain competitive with homeownership opportunities. Overall, ZIP 43973 presents a reliable investment opportunity for those seeking stable returns in a tranquil setting.

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.