Location: Meigs County, OH | Metro: Meigs County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The ZIP code 45770 is characterized by a significant proportion of renters, with 29.9% of the population renting their homes. This indicates that it is a renter-heavy area, which likely means there is a substantial demand for housing vouchers such as those provided through Section 8. However, the lack of median household income data makes it challenging to provide a precise analysis of the financial capacity of potential tenants.
To further understand the rental market dynamics, we need to consider the relationship between typical market rents and the federal fair market rent (FMR) of $1,010, which is applicable for fiscal year 2026 in the metropolitan area. Given that the median household income is listed as N/A, it's impossible to calculate the exact percentage of income that would be consumed by rent. Nevertheless, if we assume that typical market rents align closely with the FMR, then the average renter in this ZIP code would spend a considerable portion of their income on housing.
In areas with high renter populations and limited median income data, landlords can expect a mix of tenants who rely heavily on government assistance to cover their living expenses. This includes individuals and families who may have a history of utilizing housing vouchers, indicating they are likely to be low-income earners. Landlords must be prepared to navigate the requirements and regulations associated with accepting Section 8 tenants, including regular inspections and rent subsidies.
The presence of a strong rental market suggests that landlords in ZIP 45770 should focus on maintaining properties that meet or exceed the standards set by the Housing Choice Voucher program. By doing so, they can attract and retain tenants who are eligible for Section 8 vouchers, thereby ensuring a steady stream of rental income. It is also important for landlords to stay informed about any changes in local housing policies or voucher availability, as these factors can significantly impact the rental market.
In summary, ZIP 45770 is well-suited for landlords and small-portfolio investors looking to cater to a Section 8 tenant pool. With 29.9% of the population renting, there is a robust demand for affordable housing solutions. While the median income data is unavailable, the typical rent at $1,010 suggests that rent will consume a large portion of the average tenant's income. The expected tenant profile includes individuals and families who depend on government assistance for housing.
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.