Location: Scioto County, OH | Metro: Pike 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 | $1,010 |
| 3 Bedrooms | $1,220 |
| 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 |
|---|---|---|---|---|
| 2BR | $1,010 | $154,369 | 0.65% | D |
| 3BR | $1,220 | $212,701 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 45661, located in Piketon, OH, has a population of 6,823 residents, with 37.5% being renters. This indicates that the area is moderately renter-heavy, suggesting there is a reasonable demand for rental properties. Given the median household income of $52,633, the market rent of $863 represents approximately 16.4% of the average monthly income when considering that annual income is evenly distributed throughout the year.
To put this into perspective, the Fair Market Rent (FMR) for the metro area, set at $970 for FY 2026, is slightly higher than the current market rent. This suggests that while rents are currently below the federally determined fair market level, they still represent a significant portion of the local income. Landlords in this area should be prepared for tenants who rely heavily on their income to cover housing costs, making affordability a key concern.
The percentage of renters in ZIP 45661 points towards a potential pool of Section 8 tenants. With nearly 40% of the population renting, it's likely that many residents are seeking affordable housing options. The voucher demand is expected to be moderate due to the size of the renter population and the income levels. However, landlords should note that the typical rent is already consuming a substantial share of the median income, which may limit the number of eligible tenants who can afford the market rate even with assistance.
A landlord in Piketon should anticipate a tenant profile that includes individuals and families with low to moderate incomes who require rental assistance. These tenants will be looking for properties that offer stability and affordability. It is crucial for landlords to understand the requirements and processes associated with accepting Section 8 vouchers to ensure compliance and manage expectations regarding the financial aspects of the rental agreement.
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.