Location: Brown County, OH | Metro: Brown County, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,440 |
| 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 rent math in ZIP 45119 does not work favorably for landlords due to the Federal Market Rent (FMR) set at $880 for the fiscal year 2024. The FMR is the benchmark used by the U.S. Department of Housing and Urban Development (HUD) to determine the maximum rent that can be charged to tenants participating in the Section 8 program. However, the lack of available market rent data makes it difficult to compare the FMR against what tenants might pay otherwise. This uncertainty can pose challenges in managing expectations and setting rents.
Regarding the affordability of property acquisitions, the data is incomplete, with no median home value, days on market (DOM), or percentage of price cuts shared. These metrics are crucial for understanding how long properties typically stay on the market and the extent to which sellers may need to adjust their asking prices to attract buyers. Without these details, assessing the financial feasibility of purchasing rental properties in ZIP 45119 becomes speculative.
Tenant demand in ZIP 45119 appears moderate based on the available demographic data. With a total population of 216, the area has a 17.4% renter share. This indicates that roughly 37 individuals are potential renters. While the population is small, the percentage of renters suggests a steady but limited demand for rental housing.
Verdict: The viability of investing in ZIP 45119 as a landlord or small-portfolio investor is questionable. The rent math, driven by the $880 FMR, is unfavorable without a clear market rent comparison. Acquisitions are unassessable due to missing key financial indicators. Tenant demand is present but limited given the small population size. Investors should proceed with caution and seek additional local insights before committing resources.
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.