Location: Columbiana County, OH | Metro: Columbiana County, OH
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $820 | $143,198 | 0.57% | F |
| 2BR | $1,040 | $141,625 | 0.73% | D |
| 3BR | $1,340 | $200,979 | 0.67% | D |
| 4BR | $1,370 | $248,397 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 44432, encompassing Lisbon, OH, presents a market characterized by a distinct balance between rental and homeownership dynamics. The Fair Market Rent (FMR) for the area, set at $1,070 for the fiscal year 2026, indicates the government's benchmark for affordability in the rental sector. Meanwhile, the actual market rent, as reported by the Census Bureau's American Community Survey, stands at $707. This discrepancy suggests that the rental market is below the federal guideline, potentially signaling a local economy where rental costs are relatively low compared to national standards.
The median home value in the area is $164,789. While this figure provides insight into the cost of homeownership, the absence of data on the percentage of price cuts and days on market (DOM) makes it challenging to definitively state whether supply outpaces demand or vice versa. However, the lower-than-FMR rental rates could imply a slight oversupply in the rental market, as landlords might be adjusting their prices to attract tenants in a competitive environment.
A significant 26.3% of residents in ZIP 44432 are renters. This statistic points towards an ongoing housing pressure where a considerable portion of the population opts for renting over buying. Such a high renter share can be indicative of several factors: limited access to homeownership due to economic constraints, transient populations, or young adults preferring flexibility over long-term commitment. For landlords and small-portfolio investors, this suggests a steady demand for rental properties, although the exact nature of this demand—whether it is growing or stable—cannot be determined without additional data.
In summary, the dynamics of ZIP 44432 present a snapshot of a market where rental prices are below the federal guidelines, indicating potential competition among landlords. The substantial renter share highlights a community with diverse housing needs, leaning towards a higher demand for rental units. These conditions suggest a market in motion, continually adapting to the interplay between supply and demand, making it an interesting area for both investment and management considerations.
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.