Location: Wayne County, OH | Metro: Wayne County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
The real estate landscape in ZIP code 44636, located in Ohio, presents a unique set of conditions that warrant careful consideration for both landlords and small-portfolio investors. The median home value data is currently unavailable, which suggests a need for further investigation into local market trends to gauge the overall property valuation accurately.
Similarly, the percentage of listings that have been reduced and the median days on market (DOM) are also not available at this time. However, these metrics typically provide insights into the supply and demand dynamics within a market. A high percentage of reduced listings combined with an increasing DOM could indicate a shift towards a buyer's market, where sellers might lose some pricing power. Conversely, if listings were holding steady or reducing DOM, it would suggest a seller's market where pricing power remains strong.
On the rental side, the Fair Market Rent (FMR) for ZIP 44636 is set at $1,040 for the fiscal year 2026. This figure represents the government's assessment of what constitutes a reasonable rent for the area and can be used as a benchmark for setting rents. It is important to note that the actual market rent is also currently unavailable, making it difficult to assess the immediate rental potential against the FMR. Landlords should monitor local rental trends closely to ensure their properties remain competitive and profitable.
For long-term investors, the lack of specific appreciation data for ZIP 44636 means there is no concrete evidence to support a robust appreciation thesis. Without historical price growth figures or projected increases, it is challenging to predict whether properties in this area will see significant value gains over the next 12-24 months. Long-term investment strategies should therefore focus on other factors such as stable rental income, low vacancy rates, and the potential for rental rate adjustments in line with the FMR.
In summary, the current data gap in key real estate metrics for ZIP 44636 necessitates a cautious approach. Investors should rely on broader regional trends and maintain flexibility in their pricing and rental strategies. Continuous monitoring of the local real estate market will be crucial for adapting to any changes and capitalizing on opportunities as they arise.
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.