Location: Vinton County, OH | Metro: Meigs County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
Vinton County, OH metro, specifically ZIP 45741, presents a unique opportunity for inclusion in a Section 8 portfolio strategy due to its characteristics as an appreciation play. The area's median home value stands at $119,778, which is significantly lower than the Fair Market Rent (FMR) for the metro area in fiscal year 2026, estimated at $1,030. This disparity suggests that the housing market in ZIP 45741 is undervalued relative to rental values, indicating potential for future appreciation.
The lack of data on market trends and price-cut shares, along with the undefined Days on Market (DOM), does not hinder the case for appreciation. In fact, these gaps highlight the untapped potential of the market, where informed investments can capitalize on undervalued properties before broader market awareness drives up prices.
ZIP 45741's low median income of $30,625 supports the viability of Section 8 tenants, who are likely to be the primary occupants of the properties. The 5.2% renter share indicates a modest but stable demand for rentals, which aligns well with the Section 8 program's focus on providing affordable housing solutions. While the renter share is not high, the combination of low property values and a steady tenant pool makes it a promising area for investment.
Inclusion of ZIP 45741 in a Section 8 portfolio strategy should be approached with the expectation of long-term capital gains rather than immediate cash flow. The difference between the FMR and the median home value suggests that the area is poised for growth, making it a strategic choice for investors looking to diversify their portfolios with properties that offer both stability and potential for future appreciation.
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.