Location: Vinton County, OH | Metro: Jackson 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 | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,300 | $254,949 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 45672 presents a unique challenge for renters and landlords alike. The median income in this area stands at $49,231, which provides a baseline for understanding the financial landscape. However, without a specific market rate figure, it's challenging to gauge exactly how this compares to the cost of living. What we do know is that the Fair Market Rent (FMR) set by HUD for this metro area in fiscal year 2026 is $1,000 per month. This means that households receiving housing vouchers can expect to pay up to $1,000 towards their monthly rent.
Given the median income, it's likely that many renters struggle to meet even the voucher payment standard, especially considering that only 20.5% of the 1,361 residents are renters. This indicates a relatively small rental market compared to the overall population, suggesting that landlords might face stiff competition for tenants willing and able to pay market rates.
The affordability gap becomes particularly evident when comparing the median income to the voucher payment standard. A household earning the median income of $49,231 would have approximately $4,102.58 available per month before taxes, assuming they are spending 30% of their income on housing. This amount is slightly above the voucher payment standard of $1,000, but it leaves little room for other expenses such as utilities, food, and transportation.
Landlords in ZIP 45672 must consider the dynamics of the local rental market carefully. Given the small percentage of renters and the potential financial strain on households, landlords should be prepared to offer competitive pricing or amenities to attract tenants. Accepting housing vouchers can be a strategic move, ensuring a steady stream of income while potentially avoiding the risk of vacancies in a tight rental market.
The takeaway for landlords is clear: in ZIP 45672, where the rental market is both small and financially constrained, accepting housing vouchers could provide a stable tenant base and mitigate the risks associated with vacancy. While cash-paying tenants might offer higher rents, the reliability of voucher payments and the reduced likelihood of non-payment make them an attractive option for landlords looking to secure long-term, stable tenancies.
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.