Location: Putnam County, OH | Metro: Hancock County, OH
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 | $1,020 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,610 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,350 | $164,215 | 0.82% | C |
| 3BR | $1,610 | $247,837 | 0.65% | D |
| 4BR | $1,800 | $246,065 | 0.73% | D |
U.S. Census Bureau data (2024)
The ZIP code 45856, located in Leipsic, OH, presents an interesting balance between yield and stability that can inform investment strategies for landlords and small-portfolio investors.
On the yield axis, the area shows potential for above-average returns. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,250, while the local market FMR stands at $1,081. This suggests that rental properties could command slightly higher rents than the average market rate, potentially leading to better cash flows. Additionally, the median home value of $210,817 is relatively low compared to other areas, making it easier for investors to enter the market without a significant capital outlay.
Regarding stability, the metrics paint a mixed picture. With only 17.5% of residents being renters, the demand for rental housing is not exceptionally high, which could indicate less consistent occupancy rates. However, the median household income of $86,494 is robust enough to support rent payments, even if they are slightly above the local average. The lack of data on days on market (DOM) means there is uncertainty around how quickly rental units might be filled once vacated, but the income figure suggests that tenants should be able to afford the rent.
To classify this ZIP code, it leans towards a steady-cashflow zone rather than a high-yield/low-stability market. The moderate rental rates and lower home values suggest a stable environment where consistent cash flow is achievable, although the yields are not extraordinarily high. The strong median income supports the ability of tenants to pay rent, enhancing the stability of the cash flow. Investors looking for a reliable, albeit not explosive, return would find this area suitable for their needs.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.