Location: Jackson County, OH | Metro: Jackson County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The ZIP code 45621 stands out due to its unique combination of demographic characteristics and rental market dynamics. With only 509 residents, it represents a small community where 30.9% of the population rents their homes. The median income in this area is $46,932, indicating a modest economic base. Notably, the median home value is listed as N/A, suggesting that a significant portion of the housing stock may consist of rentals rather than owner-occupied properties.
Moving into the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $980. This figure contrasts sharply with the current market rent of $828, as reported by the Census Bureau's American Community Survey. The discrepancy between these two numbers highlights an opportunity for landlords and small-portfolio investors. By accepting Section 8 vouchers, they can command higher rents than the current market average, effectively tapping into federal subsidies designed to make housing affordable for low-income households.
The data signature for ZIP 45621 suggests a transitional environment. While the median income is relatively stable, the lack of data on median home values and the significant difference between the FMR and market rent indicate that the rental market is evolving. Investors should be aware of the potential for changes in both the local economy and federal funding policies that could impact the stability of this market over time.
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.