Section 8 Fair Market Rent (FMR) for ZIP 45651 - 2027

Location: Vinton County, OH | Metro: Vinton County, OH

Investment Score for ZIP 45651

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$230,571

1% Rule

0.43%

Annual Yield

5.2%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$770
2 Bedrooms	$1,000
3 Bedrooms	$1,200
4 Bedrooms	$1,400
5 Bedrooms	$1,624
6 Bedrooms	$1,819
7 Bedrooms	$1,965
8 Bedrooms	$2,063

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,000	$230,571	0.43%	F
3BR	$1,200	$239,611	0.5%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

5,340

Median Household Income

$56,294

Housing Units

2,412

Renter Percentage

34.0%

Occupancy Rate

92.7%

Renter Occupied

760

The ZIP code 45651, located in McArthur, Ohio, offers a stable and modest real estate market. This rural area is characterized by its low-cost living environment, making it attractive for both renters and small-scale property investors.

Fair Market Rent (FMR) for McArthur, OH is $990 (metro FY 2026). This indicates the maximum amount HUD will pay for low-income housing in the area, reflecting the general affordability of the housing market.
The average market rent is $675 (Census ACS). This figure shows that the actual rental prices are significantly below the FMR, suggesting that landlords can increase rents slightly without deterring tenants.
The median home value stands at $171,629. This relatively low price point makes it accessible for small-portfolio investors looking to purchase properties for rental or investment purposes.
Renters make up 34.0% of the population. This substantial share of renters points to a steady demand for rental properties, beneficial for landlords and investors.
The median household income is $56,294. This economic indicator suggests that while the area is not high-income, there is enough financial stability among residents to support a robust rental market.

In summary, the real estate market in ZIP 45651 presents a favorable environment for landlords and small-portfolio investors. The gap between the Fair Market Rent and the actual market rent allows for potential increases in rental rates, while the median home value remains within reach for investors. The significant renter share and stable median income levels indicate a reliable tenant base, ensuring a consistent cash flow. However, the modest economic conditions mean that investors should set realistic expectations for returns, focusing on long-term stability rather than rapid appreciation.

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.