Location: Athens County, OH | Metro: Athens County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The Section 8 housing analysis for ZIP code 45716 reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR, set at $970 for the metro area for fiscal year 2026, stands notably higher than the Census ACS reported market rent of $725. This creates a $245 differential, representing a 33.7% increase over the market rate.
This gap makes the ZIP code an attractive yield play for landlords and small-portfolio investors. Voucher tenants, who are guaranteed payment up to the FMR, provide a steady and reliable source of income that exceeds the prevailing market rent. In a market where only 23.9% of residents are renters, securing properties with Section 8 vouchers can ensure occupancy and financial stability, even in a low-renter population.
The median income in ZIP 45716 is $63,750, which supports the viability of the Section 8 program by indicating that a substantial portion of the local population likely qualifies for assistance. However, the lack of data on median home values suggests that there may be other factors influencing the housing market dynamics, such as property age, condition, or local economic conditions.
Landlords should consider the administrative aspects of accepting Section 8 tenants, including compliance with HUD regulations and the need to maintain rental units to a certain standard. Despite these considerations, the potential to earn above the typical market rent by $245 per month makes this a compelling investment opportunity.
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.