Location: Washington County, OH | Metro: Morgan 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 | $800 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $159,503 | 0.63% | D |
| 3BR | $1,330 | $206,964 | 0.64% | D |
| 4BR | $1,490 | $236,375 | 0.63% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 45715, Beverly, OH, presents a nuanced picture that landlords and small-portfolio investors should carefully consider. With a median home value of $175,746, the area offers an affordable entry point for investment properties. However, the absence of percentage reductions in listings and the median days on market (DOM) suggest stability rather than a rapidly changing market. This stability implies that significant shifts in pricing power over the next 12-24 months are unlikely, barring external economic factors.
On the rental side, the Forward Moving Rent (FMR) for the metro area in fiscal year 2026 is projected at $970, compared to the current market rate of $788. This indicates potential for rental income growth as the market aligns with projected rates. Investors can leverage this trend by setting competitive yet gradually increasing rents, which could lead to higher cash flows without alienating tenants.
For those considering a long-term hold strategy, the appreciation thesis is less robust. The lack of percentage reductions in listings and the stable DOM suggest that price appreciation will be modest. Investors should focus on the steady rental income and the potential for rental rate increases as the market adjusts towards the FMR levels. Additionally, the low median home value makes it attractive for first-time homeowners and renters, ensuring a consistent demand for rental properties.
The setup in Beverly, OH, implies a balanced approach to real estate investment. While rapid appreciation may not be the primary driver of returns, the combination of affordable property values and a growing rental market provides a solid foundation for generating income. Landlords and investors can expect a reliable, albeit moderate, increase in both property values and rental incomes, making it a prudent choice for those seeking stable, long-term investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.