Section 8 Fair Market Rent (FMR) for ZIP 45658 - 2027

Location: Gallia County, OH | Metro: Huntington-Ashland, WV-KY-OH HUD Metro FMR Area

Investment Score for ZIP 45658

Monthly Rent (2BR)

$1,010

Median Price (2BR)

$172,109

1% Rule

0.59%

Annual Yield

7.04%

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	$770
1 Bedroom	$860
2 Bedrooms	$1,010
3 Bedrooms	$1,300
4 Bedrooms	$1,570
5 Bedrooms	$1,821
6 Bedrooms	$2,040
7 Bedrooms	$2,203
8 Bedrooms	$2,313

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	$1,010	$172,109	0.59%	F
3BR	$1,300	$228,602	0.57%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,539

Median Household Income

$64,162

Housing Units

1,089

Renter Percentage

2.2%

Occupancy Rate

82.0%

Renter Occupied

The ZIP code 45658, located in Patriot, OH, is a suburban area characterized by its quiet neighborhoods and proximity to larger urban centers, offering residents a mix of rural charm and convenient access to city amenities. This region presents a unique investment opportunity for landlords and small-portfolio investors due to its specific economic conditions and housing market dynamics.

Fair Market Rent (FMR) for ZIP 45658 in fiscal year 2024: The FMR for a two-bedroom apartment is set at $930, providing a benchmark for rental pricing that reflects the local cost of living and housing market trends.
Market Rent: Data on current market rents is not available, which suggests that the area might be underserved or less competitive, potentially allowing for more flexibility in setting rental prices.
Median Home Value: At $188,059, the median home value in Patriot, OH, indicates a relatively affordable market for property acquisition, suitable for investors looking to enter without high initial capital outlay.
Renter Share: Only 2.2% of households in the area are renters, highlighting a predominantly owner-occupied community. This low percentage may limit the immediate demand for rental properties but also suggests potential for growth if the trend shifts towards renting.
Median Income: The median household income of $64,162 provides insight into the financial capacity of residents, suggesting a stable but modest earning base that could influence rental affordability and demand.

Synthesizing these points, ZIP 45658 presents a niche investment scenario. With a fair market rent benchmarked at $930 for a two-bedroom unit and a median home value of $188,059, the area offers a balance between affordable property acquisition and reasonable rental yields. However, the low renter share of 2.2% implies a need for strategic positioning to attract tenants, possibly through targeted marketing or by focusing on first-time renters or families seeking more affordable options. The lack of current market rent data and the modest median income indicate a careful approach to pricing and tenant selection to ensure steady occupancy and returns. Overall, while the immediate rental market is limited, the potential for growth and stability makes it a viable option for cautious investors willing to adapt to the local market's unique characteristics.

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.