Location: Putnam County, OH | Metro: Putnam County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 45853 reveals a unique balance between yield and stability that positions it as a moderate opportunity for both high-yield investments and steady cash flow, depending on the investor's strategy.
On the yield axis, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,100, while the market rent stands at $922. This suggests that rental properties in ZIP 45853 can command a premium over the average market rate, leading to potentially higher yields. The median home value of $279,516 indicates a relatively stable housing market, but when juxtaposed with the rental rates, it points towards an environment where rental income can be a significant portion of the property's total value.
Moving to the stability axis, the rental rate of 27.8% provides insight into the demand for rental properties in the area. However, the lack of data on days on market (DOM) makes it challenging to assess how quickly rental units can be filled or turned over, which is crucial for maintaining consistent cash flow. The median household income of $87,500 offers some assurance regarding the financial capability of potential tenants to meet their rental obligations, thereby supporting a degree of stability in the rental market.
To classify ZIP 45853, we consider the disparity between the FMR ($1,100) and the market rent ($922), alongside the median home value ($279,516). This combination leans towards a high-yield investment opportunity, especially if the landlord can leverage the higher FMR to attract tenants willing to pay above-market rents. However, the absence of data on days on market introduces an element of uncertainty regarding the speed and ease of leasing properties, which could impact the overall stability of cash flows.
In conclusion, ZIP 45853 presents itself as a market with high-yield potential, driven by the ability to charge rents close to the FMR, yet it lacks the full stability indicators such as low days on market, which would typically support a steady cash flow strategy. Investors should prepare for a scenario where they might achieve higher returns but must also be ready to manage the risks associated with less predictable occupancy rates.
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.