Location: Harrison County, OH | Metro: Harrison County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 43981 presents a unique set of challenges and opportunities for landlords and small-portfolio investors. Despite the lack of specific data on median home values and days on market (DOM), the fact that a significant percentage of listings have been reduced signals a shift towards a buyer's market. This reduction suggests that sellers are lowering their asking prices to attract buyers, thereby reducing pricing power in the short term.
On the rental side, the forward market rate (FMR) for ZIP 43981 is projected at $980 for the fiscal year 2026, compared to the current market rate of $713 based on Census ACS data. This indicates a potential increase in rental income for long-term investors, as rents are likely to rise to meet the higher FMRs. However, it's important to note that such increases will be gradual and contingent upon economic conditions and local demand.
Long-hold investors should consider the realistic appreciation thesis implied by the data. With the median home value data unavailable, it's difficult to pinpoint exact figures, but the trend towards reduced listings and potentially rising rents points to a stable, if not slowly appreciating, market. The lack of precise DOM data also means that while there is pressure on sellers, it does not necessarily translate into rapid turnover or quick sales, which can affect an investor's ability to realize gains quickly.
In summary, the setup in ZIP 43981 favors those who can afford to hold onto properties for longer periods, expecting steady appreciation rather than sharp increases. The gap between current market rents and future projections offers a compelling reason to invest in rental properties, anticipating higher returns as the market adjusts. However, the immediate impact on pricing power leans towards the buyer, indicating a need for strategic patience and careful selection of investment properties.
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.