Location: Seneca County, OH | Metro: Seneca County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 44809, located in Seneca County, OH metro, reveals several key points that will impact investment decisions. The HUD Fair Market Rent (FMR) for the area is set at $990 per month for the fiscal year 2026. However, the lack of current market rent data for comparison means that investors must rely on the HUD FMR as a guideline.
Voucher tenants in ZIP 44809 will cashflow at the FMR rate of $990, but the extent to which they do so depends on the type of unit. In areas with limited market rent data, it's common for voucher tenants to cashflow marginally in standard units, meaning that landlords might see slight profits after covering expenses such as mortgage payments, maintenance, and utilities. Premium units, however, could potentially offer better cashflow opportunities due to higher rental rates, though this would require further investigation into local rental trends.
The median home value in the area is also not available, making it difficult to derive an accurate rent-to-price ratio. This ratio is typically used to assess the relative affordability of renting versus buying in a given market. Without this data, investors should consider other factors when deciding between these two investment strategies. For instance, the days on market (DOM) and percentage of price cuts are not available, which means there's no direct indication of how quickly properties sell or the frequency of price adjustments in the housing market.
In conclusion, the strongest investor angle in ZIP 44809 is likely to be cashflow, given the established FMR rate. While appreciation and stability are also important considerations, the ability to generate positive cashflow from voucher tenants is a reliable and immediate benefit for landlords and small-portfolio investors 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.