Location: Tuscarawas County, OH | Metro: Tuscarawas 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 | $1,070 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,070 | $162,191 | 0.66% | D |
| 3BR | $1,330 | $228,802 | 0.58% | F |
| 4BR | $1,570 | $295,487 | 0.53% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 44663 (New Philadelphia, OH, Tuscarawas County, OH metro) does not align favorably. The Fair Market Rent (FMR) set at $990 for the fiscal year 2026 is higher than the current market rent of $889 according to Census ACS data. This discrepancy suggests that landlords may face challenges in renting properties at the FMR level.
Acquisition in this area appears to be relatively affordable. With a median home value of $201,197, the cost to enter the market is manageable. Additionally, the days on market (DOM) average of 12 days indicates a quick turnover rate, which is beneficial for investors looking to minimize holding costs. The low price-cut share of 0.2% further supports the idea that homes are selling close to their listed prices, reducing the risk of significant price adjustments.
Tenant demand is present but not overwhelming. The ZIP code has a total population of 24,356, with 31.3% of residents being renters. This translates to approximately 7,632 renters, providing a stable pool of potential tenants. However, the relatively small number of renters compared to the overall population could limit the size of the tenant base.
In summary, while the acquisition cost in ZIP 44663 is reasonable, with a median home value of $201,197 and a quick sales cycle, the current market rent of $889 falls short of the FMR target of $990. This mismatch may lead to lower rental income than anticipated. Tenant demand is steady but not robust, given the moderate renter share of 31.3%. Landlords and small-portfolio investors should proceed with caution, considering the potential for lower-than-desired rental yields despite the affordable entry point.
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.