Section 8 Fair Market Rent (FMR) for ZIP 45719 - 2027
Location: Athens County, OH | Metro: Athens County, OH
FY 2027 Fair Market Rent Rates
| 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 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$35,200
A landlord considering investing in ZIP code 45719 for Section 8 properties should follow a structured decision-making process based on the following criteria:
- Does the Fair Market Rent (FMR) of $970 cover the debt service on a property valued at $76,836?
- Yes: The FMR of $970 per month is sufficient to clear the debt service on a property priced at $76,836. This indicates that the rental income can support the mortgage payments, making it financially viable.
- No: If the FMR does not cover the debt service, then purchasing a property in this ZIP code would not be advisable as the rental income would not be enough to sustain the mortgage payments.
- Is the market rent of $893 above, at, or below the FMR?
- Above: If the market rent is higher than the FMR, landlords can potentially charge the higher market rate for non-Section 8 tenants, increasing their profitability.
- At: When the market rent equals the FMR, landlords can expect to receive the FMR for Section 8 tenants without additional market risk.
- Below: If the market rent is lower than the FMR, landlords might find it challenging to attract non-Section 8 tenants willing to pay the FMR, thus limiting their flexibility.
- Are 47.4% renters plus the unknown days on the market (DOM) indicative of sufficient demand?
- Yes: With 47.4% of the population renting, there is a notable demand for rental properties. However, the lack of data regarding days on the market (DOM) makes it difficult to assess how quickly properties are rented out. Despite this gap, the high percentage of renters suggests a stable tenant base.
- No: Insufficient demand would be indicated if the rental rate were significantly lower or if the DOM was excessively high, suggesting difficulty in finding tenants.
- It Depends: Given the 47.4% rental rate but missing DOM data, the answer hinges on other local factors such as vacancy rates, job availability, and economic stability. A detailed analysis of these elements would provide a clearer picture of the investment potential.
In conclusion, if the FMR of $970 covers the debt service on a $76,836 property and the market rent is at least equal to the FMR, the investment in ZIP 45719 is likely to be profitable. The significant rental population of 47.4% supports demand, but the absence of DOM data requires further investigation into local market conditions before making a final decision.
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.