Location: Gallia County, OH | Metro: Huntington-Ashland, WV-KY-OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The ZIP code 45688 presents a unique scenario when analyzed through the lens of yield and stability for Section 8 real estate investment. The Fair Market Rent (FMR) for the area is set at $1010 for fiscal year 2024, which is a critical figure for determining rental income potential. However, the lack of available market rent and home value data means that the comparison to non-subsidized investments is limited.
In terms of yield, the FMR of $1010 suggests a moderate level of income potential. This figure is the benchmark for rental subsidies and indicates the maximum amount a landlord can expect to receive per unit under the Section 8 program. While this is not an exceptionally high number, it does provide a reliable source of income, especially in areas where market rents might be lower due to economic factors.
Regarding stability, the ZIP code shows that 16.9% of the population are renters, indicating a relatively low percentage of tenants compared to other areas. This could imply less demand for rental properties overall, but for Section 8 investors, the focus is on the subsidized market rather than the broader rental market. The income data is not provided, making it difficult to assess the financial health of the potential tenant pool. Without the days-on-market (DOM) data, it's also challenging to gauge how quickly units might turn over, which is a key factor in long-term stability.
The absence of certain metrics complicates a straightforward classification. However, based on the FMR and the percentage of renters, 45688 appears to be a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The guaranteed income from the Section 8 program, combined with the moderate FMR, suggests a stable investment environment where the primary goal is consistent cash flow rather than high returns. Landlords should prepare for a potentially slower turnover rate and ensure their units meet all Section 8 requirements to maximize occupancy and minimize vacancies.
Data Sources: FMR data from HUD (2027). 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.