Location: Washington County, OH | Metro: Athens 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 | $840 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,250 | $242,813 | 0.51% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 45723 is set at $970 for the metro area fiscal year 2026. This figure represents the payment standard for Section 8 vouchers in your area, meaning it's the maximum amount that the housing authority will pay on behalf of eligible tenants. However, this does not necessarily mean you should charge $970 as rent; it simply sets an upper limit for reimbursement.
To put this into context, the average rent in ZIP 45723, based on recent Census American Community Survey (ACS) data, is around $910. Therefore, the FMR of $970 is slightly higher than the local average, which could make Section 8 rentals more attractive to potential tenants who might otherwise struggle to find affordable housing.
The renter share in ZIP 45723 is 13.9%, indicating that nearly 14 out of every 100 residents are renters. This suggests a moderate demand for rental properties, especially those that cater to lower-income families through the Section 8 program. With a median home value of approximately $168,316, this can also be a reasonable price point for acquiring a property in this area, assuming you're looking to buy rather than already owning a property.
Before deciding to participate in the Section 8 program, it's crucial to verify the specific requirements and procedures for landlords in ZIP 45723. Ensure you understand the documentation needed, the inspection process, and any local regulations that might affect your decision. This due diligence will help you manage expectations and prepare effectively for the responsibilities that come with being a Section 8 landlord.
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.