Location: Highland County, OH | Metro: Highland County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $710 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The ZIP code 45155 represents a small, tight-knit neighborhood with a total population of 510 residents. Only 20.7% of these residents are renters, indicating a primarily owner-occupied community. The median household income in this area stands at $72,813, suggesting a middle-class demographic. However, it's important to note that the median home value is not available, which could imply a lack of comprehensive housing data or a unique composition of property types.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 45155, as determined by HUD for the metro area in fiscal year 2026, is set at $970. This figure is notably higher than the current market rent, which according to Census ACS data, averages $858. The gap between the FMR and the market rent suggests an opportunity for landlords who can offer properties at the higher voucher rate without significantly exceeding local rental prices.
For Section 8 investors, ZIP 45155 presents a mixed scenario. The relatively low percentage of renters indicates a smaller pool of potential tenants, but the disparity between FMR and market rent means that those who qualify for vouchers could pay above-average rents. This makes the area more suitable for hands-on investors who are willing to manage fewer properties while potentially earning higher returns due to the voucher program rates.
A hands-off operator might find limited opportunities in this ZIP code due to the small number of renters and the challenge of attracting non-voucher tenants at the higher FMR rates. On the other hand, a hands-on value-add buyer could benefit from improving properties to command the higher voucher rates, thus maximizing profitability. Given the middle-class income level, there is also a possibility of attracting tenants who do not rely on vouchers but still prefer affordable housing options.
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.