Location: Athens County, OH | Metro: Hocking County, OH HUD Metro FMR Area
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 | $850 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $97,076 | 1.03% | B |
| 3BR | $1,280 | $158,095 | 0.81% | C |
| 4BR | $1,350 | $164,894 | 0.82% | C |
U.S. Census Bureau data (2024)
The ZIP code 45764, located in Nelsonville, OH, sits within the broader Athens County, OH metro area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $970, which is higher than the market rent of $776. This indicates that while the government sets a higher benchmark for what is considered fair rent, the actual rental market in Nelsonville tends to be slightly less expensive. The median home value in ZIP 45764 is $111,695, which is notably lower than the typical home values found in other ZIP codes within Athens County. The renter share in this ZIP code stands at 45.7%, suggesting a significant portion of the population rents rather than owns their homes.
Given these figures, ZIP 45764 appears to be a value pocket within the Athens County, OH metro. The lower home values combined with a high renter share point towards an area where Section 8 housing vouchers could play a substantial role in the rental market. Landlords and small-portfolio investors should note that the disparity between the FMR and the market rent suggests potential opportunities for maintaining competitive rental rates while still qualifying for Section 8 subsidies.
Athens County, OH, typically has higher home values and potentially higher average rents across its ZIP codes compared to Nelsonville. This makes 45764 stand out as a more affordable option for both renters and property owners. For investors looking to capitalize on government-assisted housing programs, ZIP 45764 represents a favorable environment due to its alignment with Section 8 parameters.
To summarize, Nelsonville's ZIP 45764 offers a blend of lower costs and a substantial renter base, making it a prime location for those interested in Section 8 properties. It is a value pocket within the larger Athens County market, offering opportunities for investment without the need to compete with higher-priced areas.
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.