Location: Columbiana County, OH | Metro: Columbiana County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,330 |
| 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 analysis of ZIP code 44493 in Columbiana County, OH reveals several key points regarding its suitability for rental investments.
First, let's address whether the rent math works. The Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $1,020. However, the absence of current market rent data means we cannot directly compare it to the FMR. This lack of information makes it challenging to assess if rental properties can be priced competitively to attract tenants while ensuring profitability.
Moving on to the affordability of acquisitions, the median home value and typical days on market (DOM), along with the percentage of homes that require price cuts, are all currently unavailable. Without these figures, it's impossible to provide a concrete assessment of how affordable property acquisition might be in this ZIP code. Landlords and small-portfolio investors would need to conduct further research to understand the local real estate market dynamics.
Last, concerning tenant demand, the data shows a population of 51, with a 0.0% renter share. This indicates an extremely low number of potential renters relative to the total population, suggesting a very tight market for rental properties. The lack of renters could pose significant challenges for maintaining occupancy rates and generating consistent rental income.
In conclusion, ZIP code 44493 presents a complex scenario for rental investments. While the FMR provides a benchmark for rental pricing, the absence of market rent data complicates the evaluation of whether rental prices align with what tenants are willing to pay. Similarly, the lack of information on median home values, DOM, and the frequency of price cuts hinders the assessment of acquisition costs. Most critically, the almost non-existent renter share suggests a highly unfavorable environment for landlords looking to secure tenants. These factors collectively point towards a challenging investment landscape where caution and thorough local market research are advised before committing capital.
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.