Location: Brown County, OH | Metro: Brown County, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
The ZIP code 45115 presents an interesting scenario for both renters and landlords. The median income for households in this area stands at $49,844. However, without the specific market rate for rent, it is challenging to provide a direct comparison. What we do know is that the Fair Market Rent (FMR) as per the voucher payment standard for zip code 45115 in fiscal year 2024 is set at $930.
Given that only 20.0% of the population are renters, and considering the total population is 151, there is a relatively small pool of potential tenants. This means that landlords must be particularly strategic in how they approach their rental offerings. The affordability gap between the median income and the FMR suggests that many households may struggle to pay market rates without assistance.
The limited number of renters also implies that competition among landlords could be fierce. Those who accept Section 8 vouchers will have access to a government-subsidized tenant pool, which is more stable and less likely to face eviction due to non-payment. For landlords looking to secure steady cash flow, accepting vouchers could be a prudent strategy.
In conclusion, for landlords in ZIP 45115, the decision to accept Section 8 vouchers versus relying on cash-paying tenants should consider the small rental market and the financial stability vouchers provide. Accepting vouchers at the FMR of $930 ensures a consistent income stream and reduces the risk of vacancy in a competitive environment where the median income is $49,844. This strategy aligns well with the economic realities faced by many residents and could lead to a more sustainable rental business model.
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.