Location: Van Wert County, OH | Metro: Van Wert County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The ZIP code 45899 stands as a market in flux, with key indicators pointing towards an evolving landscape that both landlords and small-portfolio investors should closely monitor. The Fair Market Rent (FMR) for the area is set at $1,120 for fiscal year 2026, which provides a benchmark for rental pricing in the region.
Despite the absence of current market rent data, the lack of a price-cut share percentage and days on market (DOM) suggests a stable environment where property listings are likely selling without significant discounts or prolonged listing periods. This stability could indicate that the local real estate market is balanced, neither overly saturated with properties nor suffering from a shortage.
The median home value being listed as N/A implies that residential sales data might be sparse or inconsistent, making it difficult to ascertain precise trends in home ownership. However, the 21.7% renter share in the area offers insight into the dynamics of housing demand. With over one-fifth of residents choosing to rent rather than own, there's a notable segment of the population that relies on the rental market. This high renter share can be indicative of long-term housing pressure, suggesting that a substantial portion of the population may find homeownership financially inaccessible or undesirable, thus maintaining a steady demand for rental properties.
The reliance on rentals due to financial constraints or lifestyle choices means that landlords in ZIP 45899 have a consistent customer base. For small-portfolio investors, this translates into a market where rental income can be a reliable source of returns, especially considering the FMR as a guideline for setting competitive rents.
In summary, while specific metrics such as market rent and median home value are currently unavailable, the existing data points to a market where rental demand is supported by a significant renter share. Landlords and investors should leverage the FMR to guide their rental pricing strategies and anticipate a steady flow of tenants due to the inherent housing pressures in the area.
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.