Section 8 Fair Market Rent (FMR) for ZIP 41166 - 2027

Investment Score for ZIP 41166

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The real estate landscape in ZIP 41166 presents several challenges that a skeptical investor might question before deciding to invest in properties here. Let's address these concerns head-on using available data.

• Will Fair Market Rent (FMR) of $890 cover the mortgage on a $111,040 home? The FMR of $890 for ZIP 41166 in fiscal year 2024 is a critical figure when considering the viability of rental income to cover mortgage payments. To determine if this amount will suffice, we need to calculate the potential monthly mortgage payment based on the average home price. Assuming a typical mortgage rate of around 4%, a $111,040 home would likely have a monthly mortgage payment ranging from $500 to $600, depending on the down payment. This leaves a margin of approximately $290 to $390 per month after covering the mortgage, which is positive but tight. Additional costs such as property taxes, insurance, and maintenance should be factored into this calculation to ensure the financial stability of the investment.
• Is there enough renter demand at 17.0%? The percentage of renters in ZIP 41166 stands at 17.0%. This figure suggests a relatively low demand for rental properties compared to areas with higher percentages of renters. However, it does not provide the complete picture. To understand if this demand is sufficient, one must look at the total population and the number of units available. A lower percentage of renters could mean a smaller pool of potential tenants, but it also indicates less competition among landlords. Additionally, the attractiveness of ZIP 41166 to renters, including factors such as employment opportunities and local amenities, plays a crucial role in sustaining demand despite the lower percentage.
• Will vouchers keep pace with N/A market rents? The availability of housing vouchers and their adequacy in covering market rents is a significant concern for landlords in ZIP 41166. Unfortunately, the data provided does not include specific information on voucher amounts or how they compare to the FMR of $890. Without this information, it's challenging to give a definitive answer. However, historically, voucher amounts can lag behind market rents, especially in areas experiencing economic growth or increased demand for affordable housing. Landlords should monitor local HUD announcements and trends in voucher distribution to better predict future financial impacts.

In conclusion, while ZIP 41166 offers an opportunity for rental income that can cover mortgage payments, the relatively low percentage of renters requires careful consideration of additional factors like population size and local appeal. The uncertainty regarding housing vouchers necessitates ongoing vigilance to ensure long-term financial stability.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.