Location: Scioto County, OH | Metro: Huntington-Ashland, WV-KY-OH HUD Metro FMR Area
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 | $860 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $92,314 | 1.08% | B |
| 3BR | $1,280 | $158,428 | 0.81% | C |
U.S. Census Bureau data (2024)
The classification of ZIP code 45659 in Pedro, OH, on the axes of yield and stability reveals a unique investment opportunity. The Federal Market Rent (FMR) for FY 2024 is set at $1040, while the current market rent stands at $828. This discrepancy indicates a potential for higher rental yields compared to the local market rates.
The median home value in the area is $115,937, which is significantly lower than the FMR-based rental potential. Landlords can leverage this by setting rents closer to the FMR, thus achieving a higher yield. For instance, if a landlord sets the rent at $1040, they could see a 25.6% increase over the market rate of $828.
However, the stability of the market is somewhat compromised. Only 17.2% of residents are renters, suggesting a limited pool of potential tenants. Additionally, the median household income is $59,844, which is relatively low and may affect the ability of residents to pay higher rents. The lack of data on days on market (DOM) makes it challenging to assess how quickly properties can be rented out, but the low percentage of renters suggests competition for tenants could be fierce.
Given these factors, ZIP 45659 leans towards being a high-yield/low-stability market. The potential for higher rental income is evident, but the risk associated with finding and retaining tenants is also present. Investors should prepare for the possibility of vacancies and carefully manage their properties to ensure a steady cash flow despite the instability.
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.