Location: Scioto County, OH | Metro: Jackson County, OH
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,330 |
| 5 Bedrooms | $1,543 |
| 6 Bedrooms | $1,728 |
| 7 Bedrooms | $1,866 |
| 8 Bedrooms | $1,959 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $770 | $122,773 | 0.63% | D |
| 2BR | $1,000 | $146,952 | 0.68% | D |
| 3BR | $1,250 | $222,217 | 0.56% | F |
| 4BR | $1,330 | $286,335 | 0.46% | F |
| 5BR | $1,543 | $357,116 | 0.43% | F |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP 45640 in the Jackson, OH metro area for fiscal year 2026 is set at $1,000. This figure represents the maximum amount that landlords can charge for a Section 8 voucher tenant. In comparison, the market rent for ZIP 45640, as reported by the Census Bureau's American Community Survey (ACS), stands at $748. Given these numbers, voucher tenants in ZIP 45640 will typically cashflow at the FMR level, as the HUD FMR exceeds the current market rent by $252 per month.
To derive the rent-to-price ratio, we consider the median home value of $176,006. The monthly rent of $748 translates to an annual rent of $8,976. Thus, the rent-to-price ratio is approximately 5.1%, which is relatively low. This suggests that rental properties may offer better returns compared to purchasing homes in this area.
The median Days on Market (DOM) for properties in ZIP 45640 is not available, and the percentage of sellers who have had to cut their prices is also listed as 0.1%. These figures indicate that the real estate market in this area is stable, with few instances of price reductions. This stability is beneficial for both landlords and small-portfolio investors, as it ensures consistent rental income without significant fluctuations in property values.
The strongest investor angle in ZIP 45640 is cashflow, given the disparity between the HUD FMR and the actual market rent. Investors can leverage this gap to ensure positive cashflow from their rental properties, making it an attractive option for those looking to generate steady income from their investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.