Location: Holmes County, OH | Metro: Holmes County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
The ZIP code 44617 is located in Charm, OH, representing a thriving suburban community with approximately 44,617 residents. While the exact percentage of renters is not specified, the median household income stands at $49,617, and the median home value is $234,886.
When it comes to rent economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. In contrast, the median rent in Charm, OH is currently $1,378. This indicates that the market rent is significantly higher than the FMR, suggesting a robust rental market.
The area is well-suited for both hands-off voucher operators and hands-on value-add buyers. With a median household income that is 100% higher than the state average and home values 101% above the state average, Charm, OH offers a competitive real estate market. The lower cost of living index of 59 compared to the national average of 100 makes it attractive for investors looking to capitalize on affordable living expenses and potentially higher disposable incomes for tenants.
The strong rental market, coupled with the relatively high median rent, supports a hands-on approach for value-add buyers who might look to improve properties and command higher rents. However, the hands-off strategy for voucher operators also holds merit given the alignment between the FMR and the area’s median income.
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.