Location: Harrison County, OH | Metro: Harrison County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
The real estate landscape in ZIP code 43984, Ohio, presents a unique set of conditions that landlords and small-portfolio investors should carefully consider. With the median home value currently unavailable, it's crucial to look at other indicators to gauge future trends.
The percentage of listings that have been reduced and the median days on market (DOM) are also not available, but these metrics typically indicate seller urgency and market liquidity. A higher percentage of price reductions coupled with longer DOM periods generally suggest a buyer's market where pricing power tilts towards the buyer. Conversely, fewer reductions and shorter DOM periods point towards a seller's market where pricing can be more aggressive.
On the rental side, the Fair Market Rent (FMR) for ZIP 43984 is set at $970 for fiscal year 2026. This figure represents the average market rent for a moderate-quality apartment and is used as a benchmark for comparing against actual market rents. If the current market rent is below the FMR, it suggests potential upward pressure on rental rates as the market adjusts to meet the fair market standards. However, if the market rent is already above or close to the FMR, it indicates a stable rental environment with little room for significant increases.
For long-term hold investors, the appreciation thesis in ZIP 43984 is less clear without specific historical data or projected growth figures. Typically, areas with steady job growth, an influx of new residents, or significant infrastructure investments see property values rise. However, the lack of concrete data means that appreciation cannot be guaranteed and will depend largely on broader economic trends affecting the region.
Landlords and small-portfolio investors must remain vigilant and adapt to changes in both the sales and rental markets. The interplay between home values, listing reductions, DOM, and rental rates will continue to shape the investment climate in ZIP 43984. While the FMR provides a target for rental pricing, the overall real estate picture requires ongoing monitoring to capture shifts in demand and supply dynamics.
Data Sources: FMR data from HUD (2027).
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.