Location: Highland County, OH | Metro: Highland County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The ZIP code 45172 is located in a suburban area of Ohio, characterized by a relatively small population of 308 residents. This neighborhood is predominantly owned, with only 6.3% of the population being renters. The median household income in this area stands at a robust $107,951, indicating a high-income demographic. However, the median home value is not available, which suggests that the area might be less developed or has limited housing stock.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 45172, as determined by HUD for fiscal year 2026, is set at $970. Unfortunately, the market rent for this ZIP code is also not available, making it difficult to compare the FMR against actual market conditions. This lack of data could imply that the rental market is either very small or underdeveloped, possibly due to the low percentage of renters in the area.
Given these characteristics, ZIP 45172 would likely suit a hands-off voucher operator rather than a hands-on value-add buyer. The high median income suggests that residents can afford higher rents, but the limited number of renters means that there is a smaller pool of potential tenants who might rely on Section 8 vouchers. Additionally, the absence of detailed market rent data indicates a challenging environment for active management and value enhancement strategies. For an investor looking to leverage the stability of Section 8 without the need for extensive tenant management or property improvements, this ZIP code presents a viable option.
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.