Location: Pike County, OH | Metro: Pike County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
The ZIP code 45624, located in Pike County, Ohio, presents a unique opportunity for inclusion in a Section 8 portfolio strategy. Based on recent data, Pike County's average home value stands at $164,446, representing a 2.3% increase over the past year. This makes ZIP 45624 a strong candidate for diversification within a Section 8 portfolio.
Section 8 portfolios typically aim to balance risk and reward through a mix of properties that serve as anchors, appreciation plays, and diversifiers. Given the lack of specific data on market prices, price-cut shares, days on market, and median income, ZIP 45624 aligns best with the diversifier role. The absence of precise figures for these metrics suggests a less volatile but stable market, which can provide steady rental income without the high risks associated with rapidly appreciating or declining markets.
In terms of cash flow, the Fair Market Rent (FMR) for the Pike County, OH metro area in fiscal year 2026 is set at $1,020. While the exact market rent and median home value are not provided, the FMR offers a benchmark for rental pricing. Landlords and small-portfolio investors can expect a reasonable spread between the FMR and actual market rents, contributing to positive cash flow.
ZIP 45624's median home value and stable market conditions make it a suitable diversifier within a broader investment strategy. It provides a solid foundation for generating consistent rental income while mitigating the risk of market volatility found in more dynamic areas. This stability ensures that even if other parts of the portfolio face challenges, properties in ZIP 45624 will continue to offer reliable returns.
Data Sources: FMR data from HUD (2027).
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.