Location: Meigs County, OH | Metro: Meigs County, OH
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 45783 stands as a market in motion, driven by the dynamics of rental versus ownership. With a Fair Market Rent (FMR) of $970 for fiscal year 2026, the rental segment of the market is clearly defined, though the lack of current market rent data suggests a less transparent picture of immediate rental trends. This absence of recent market rent figures could indicate a relatively stable rental environment, but it also leaves room for speculation regarding potential shifts in pricing.
The current snapshot reveals a significant 44.1% of households are renters, which implies a notable long-term housing pressure. In areas where the renter share is high, there's often an underlying trend of affordability challenges or lifestyle preferences that favor renting over owning. This percentage points towards a market where a substantial portion of residents might be sensitive to economic changes, potentially leading to fluctuations in rental demand if conditions shift.
The missing data on price-cut share and days on market (DOM) for available homes make it difficult to conclusively state whether supply outpaces demand or vice versa. However, the high renter share suggests that a significant number of residents are already in the rental market, indicating strong demand for rental properties. If the median home value is also low or not significantly higher than the FMR, it could imply that homeownership is less prevalent due to financial constraints or other factors, further reinforcing the importance of rental properties in this area.
In summary, ZIP 45783 presents itself as a market heavily reliant on rental properties, with a defined FMR but lacking in current market rent details. The high renter share signals a persistent need for affordable housing solutions, making it a critical factor for both landlords and small-portfolio investors to consider when evaluating investment opportunities or property management strategies.
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.