Location: Washington County, OH | Metro: Washington 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 | $940 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,490 | $244,481 | 0.61% | D |
U.S. Census Bureau data (2024)
The classification of ZIP code 45724 hinges on the interplay between its yield potential and stability factors. With a Fair Market Rent (FMR) of $1,100 for the fiscal year 2026, it stands out as a location where rental income can be significant. However, the lack of data on the market rent suggests that the FMR might be the primary benchmark for rental pricing in this area.
The median home value of $182,265 provides a solid foundation for investment, especially considering the FMR. This indicates that rental properties can be acquired at a reasonable price relative to their potential income generation. For instance, a property valued at $182,265 could reasonably be rented out at the FMR rate of $1,100 per month, which translates to an annual rental income of $13,200.
Moving to stability, ZIP 45724 has a notable percentage of renters at 18.0%. This figure, while not exceptionally high, does suggest a decent demand for rental housing. The absence of data regarding the days on market (DOM) makes it challenging to assess how quickly properties can be leased or sold. Nevertheless, the median household income of $58,500 provides insight into the economic stability of the area. This income level supports the ability of residents to afford the FMR rent, thereby enhancing the predictability of cash flow.
Based on these figures, ZIP 45724 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The combination of a clear FMR benchmark and a median income that aligns well with the rent suggests a reliable tenant pool capable of sustaining consistent rental payments. While the yield is good due to the favorable FMR-to-home-value ratio, the stability indicators point to a predictable market with moderate risk.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.