Location: Vinton County, OH | Metro: Ross 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 | $870 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,410 | $251,891 | 0.56% | F |
U.S. Census Bureau data (2024)
24.0% of residents in ZIP code 45647 are renters, indicating a significant portion of the population relies on rental housing. The $193,790 median home value reflects the overall property value in the area, which is crucial for understanding the local real estate market. However, the $738 market rent based on Census ACS data suggests that rental prices are relatively low compared to the median home value. This discrepancy can be attributed to the $69,966 median income, which is below the national average and indicates that many potential tenants might struggle to afford higher rents.
The $970 Fair Market Rent (FMR) for the metro area in fiscal year 2026 provides a benchmark for what the government considers a reasonable rent for a standard unit. Landlords in ZIP 45647 should aim to keep their rents close to or slightly below this figure to attract tenants who qualify for Section 8 vouchers. Given the lower market rent of $738, landlords could potentially increase their rental rates to align more closely with the FMR without alienating the majority of the tenant pool.
N/A-day days on market (DOM) and N/A% price-cut share suggest that there is limited data available on how quickly properties are selling and the frequency of price reductions. This could indicate a stable market where properties are selling at or near asking price, or it could simply mean that the data is incomplete. Regardless, the combination of a lower median income and a lower market rent implies that there is a strong demand for affordable housing options in the area.
In conclusion, ZIP 45647 presents an opportunity for landlords and small-portfolio investors interested in Section 8 properties. With a significant renter share and a market rent well below the FMR, there is a solid foundation for offering affordable housing that meets the needs of the community while still being financially viable. The Section 8 program can help bridge the gap between market rent and the actual rents that tenants can afford, making it a valuable tool for landlords looking to maintain occupancy rates and ensure steady cash flow.
Verdict: Section 8 is a viable option for landlords in ZIP 45647.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.