Location: Seneca County, OH | Metro: Seneca County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
U.S. Census Bureau data (2024)
12.5% of the residents in ZIP 44828 are renters, indicating a modest but present demand for rental properties. Despite the lack of specific figures for market rent, median home value, median income, days on market (DOM), and the percentage of price-cut share, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $1,300. This figure serves as a benchmark for landlords and small-portfolio investors looking to set competitive rental rates that align with government guidelines.
$1,300 is the ceiling for Section 8 payments in the region, which means that any property priced above this amount will require tenants to pay the difference out-of-pocket. Given the absence of data regarding local median incomes, it's prudent for investors to consider the potential affordability gap for Section 8 participants.
The N/A values for market rent and median home value suggest limited data availability or an underdeveloped real estate market in the area, which could impact investment decisions. However, the FMR provides a reliable anchor point for assessing the viability of rental investments.
With no information on the average DOM or the percentage of listings that have had their prices reduced, landlords must be prepared for varying levels of competition and tenant interest. It's advisable to keep properties well-maintained and priced competitively to attract and retain tenants.
$1,300 FMR indicates a stable rental environment, but the lack of other key metrics leaves room for uncertainty. Investors should conduct thorough due diligence, including reaching out to local realtors and property managers, to gain a clearer picture of the rental market dynamics.
Section 8 Verdict: The $1,300 FMR offers a solid foundation for investment, but further research is necessary to fully understand the local rental landscape.
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.