Location: Tuscarawas County, OH | Metro: Tuscarawas County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
The ZIP code 44682 is situated in a small, tight-knit community with a population of 1,295 residents. Approximately 28.4% of these residents are renters, indicating a modest demand for rental properties. The median income in this area stands at $86,250, which suggests that the local economy supports a comfortable standard of living for its inhabitants.
From an investment standpoint, the rental economics in ZIP 44682 are noteworthy. The Fair Market Rent (FMR), set for the metro area in fiscal year 2026, is pegged at $1,070. This figure is notably higher than the current market rent of $907, as reported by the Census Bureau's American Community Survey. This discrepancy implies that there could be opportunities for landlords to increase rents without significantly impacting occupancy rates, given the relative financial stability of the local population.
Considering the profile of potential investors, ZIP 44682 appears to favor both hands-off voucher operators and hands-on value-add buyers. For those inclined towards a hands-off approach, the gap between the FMR and market rent presents a favorable environment where Section 8 vouchers can cover a substantial portion of the rental costs, ensuring steady cash flow. On the other hand, value-add buyers might find opportunities to renovate and upgrade homes, thereby justifying a closer alignment with the FMR, potentially increasing their returns on investment.
In conclusion, ZIP 44682 offers a balanced investment landscape, combining a stable tenant base with economic conditions that support either passive or active management strategies. Investors should evaluate their risk tolerance and management preferences before deciding on the type of property to acquire in this area.
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.