Location: Columbiana County, OH | Metro: Columbiana County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
0.0% of the population in ZIP 44665 rents their homes, indicating a strong preference for homeownership in the area. This statistic aligns with the lack of reported market rent data, suggesting that rental properties are scarce and likely command higher premiums due to their scarcity. The Federal Market Rent (FMR) for the metro area including ZIP 44665 is set at $970 for fiscal year 2026, which represents the maximum amount a Section 8 voucher holder can pay towards rent under the program. However, without specific market rent figures, it's challenging to determine how competitive this FMR is in the local rental market. The absence of median home value data points to a potential lack of comprehensive housing data or an unusual distribution of property values that makes median calculation difficult. Similarly, the non-availability of median income data suggests that income levels might be inconsistent or not widely reported, making it hard to assess the economic profile of residents. The day on market (DOM) data being marked as N/A implies either a robust real estate market where properties sell quickly, or a lack of recent sales activity to provide meaningful statistics. The N/A% price-cut share further supports the idea of a strong seller's market, where landlords or homeowners may not need to reduce their asking prices significantly to attract tenants or buyers. Given these factors, landlords and small-portfolio investors should approach ZIP 44665 with caution, focusing on properties that can leverage the high demand for rentals despite the limited data. The Section 8 program's FMR of $970 may not fully cover the costs of maintaining and renting out properties in this area, especially if rental rates are higher than the FMR. Therefore, the verdict for Section 8 participation in ZIP 44665 is cautious engagement, with careful consideration of property management costs and potential rental market dynamics.
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.