Location: Harrison County, OH | Metro: Harrison County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The ZIP code 43976, located in a county with a unique economic profile, has a population of 1,485 residents. With 24.1% of the residents renting their homes, it indicates a moderate demand for rental properties. The median income in this area is $41,651, which is relatively low compared to national averages, suggesting that many residents might rely on financial assistance such as Section 8 vouchers. The median home value stands at $142,340, reflecting a stable housing market with affordable property values.
When analyzing the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,190. This figure is notably higher than the current market rent, which is recorded at $1,089 according to the Census ACS. Landlords and small-portfolio investors should be aware that the FMR rate provides a reliable benchmark for setting rents, ensuring that they remain competitive while also being in line with government standards. This discrepancy between FMR and market rent suggests a potential upward pressure on rental rates in the future, driven by the availability of Section 8 vouchers.
Given the data signature of ZIP 43976, the area can be characterized as stable. The modest percentage of renters and the established median home value indicate a community that is not undergoing significant demographic shifts. However, the reliance on Section 8 vouchers and the difference between FMR and current market rent point towards an environment where the housing market could become more transitional if external factors such as economic changes or policy adjustments influence the local rental dynamics. For now, the stability of the ZIP code offers a predictable investment climate for landlords and small-portfolio investors, with clear guidelines for pricing rental units through the FMR framework.
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.