Location: Scioto County, OH | Metro: Scioto County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The ZIP code 45636 is situated in a suburban neighborhood characterized by a relatively small population of 330 residents. With 28.3% of the residents being renters, it indicates a modest demand for rental properties. The median income in this area stands at $73,940, which suggests a middle-class community where residents have sufficient disposable income for housing and other necessities.
Despite the lack of specific data on the median home value and market rent, the Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $980. This figure serves as a benchmark for the rental market in the vicinity, helping landlords and investors understand the expected rental rates for properties that meet the criteria for housing quality and size.
Considering the characteristics of ZIP 45636, it is suitable for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the low percentage of renters and the presence of a Section 8 program can ensure a steady stream of tenants who will pay a portion of their rent through government subsidies. However, the limited number of renters means that there might be fewer opportunities for such operations compared to densely populated areas.
On the other hand, hands-on value-add buyers could find potential in this ZIP code. The modest demand for rentals and the absence of precise market rent data suggest that there may be room for improvement and strategic investment in property upgrades to command higher rents. Given the middle-class income level, there is a reasonable expectation that residents can afford to pay market rates once improvements are made, making value-add strategies viable.
In conclusion, ZIP 45636 presents an opportunity for both types of investors. While the hands-off approach can leverage the Section 8 program to secure tenancy, the hands-on strategy can capitalize on the potential for rental price increases through property enhancements. The FMR of $980 provides a useful guideline for setting rental prices that align with government standards, ensuring compliance and stability in the rental market.
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.