Location: Scioto County, OH | Metro: Scioto County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
In evaluating the investment risk for Section 8 properties in ZIP code 45630, several factors must be considered to understand potential challenges and opportunities. Firstly, tenant turnover poses a significant risk due to the discrepancy between the market rent and the Fair Market Rent (FMR) of $1,100 for FY 2026, which is set for the metro area. This difference suggests that landlords may face higher turnover rates as tenants seek properties that align with their voucher allowances.
Vacancy exposure is another critical concern. With no data available on the days on market (DOM), it's challenging to predict how quickly a vacant property can be filled, especially if the market rent exceeds the FMR. Extended vacancy periods can lead to financial strain, as landlords rely on consistent rental income to cover mortgage payments and maintenance costs.
The risk of deferred maintenance is also present. Given the lack of specific data on the typical home value and median income in ZIP 45630, there's uncertainty about the ability of residents to afford necessary repairs beyond routine upkeep. This can result in properties deteriorating over time, requiring substantial investments from landlords to maintain habitability standards.
However, these risks are somewhat mitigated by the high renter share of 81.8%. High renter density generally indicates robust demand for rental housing, including Section 8 vouchers. This strong demand can help ensure a steady stream of qualified tenants, reducing the likelihood of extended vacancies and increasing the chances of finding tenants who will stay longer and pay consistently.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.