Section 8 Fair Market Rent (FMR) for ZIP 41539 - 2027

Investment Score for ZIP 41539

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: 2026-07-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The economics of Section 8 housing in ZIP code 41539 are driven by the SAFMR (Small Area Fair Market Rent) which for a two-bedroom apartment is set at $1,010 per month for fiscal year 2026. This figure is specific to this ZIP code, meaning it reflects the rental market conditions unique to 41539.

In contrast, the local market rent for a two-bedroom unit in 41539, according to the Census ACS, averages $642 per month. This discrepancy highlights the potential financial dynamics landlords can expect when participating in the Section 8 program.

A Section 8 voucher pays a portion of the rent directly to the landlord on behalf of the tenant. The payment structure is as follows:

• The voucher covers up to 70% of the SAFMR, which in this case would be $707 per month ($1,010 x 0.70).
• The tenant is responsible for paying the remaining 30%, or $303 in this instance ($1,010 - $707).
• Utility allowances are also part of the calculation but are separate from the rent reimbursement. These vary based on household size and local utility costs.

Once these factors are accounted for, landlords will receive a reimbursement of $707 per month from the voucher program. However, given the local market rent of $642, there is a surplus of $65 per month ($707 - $642) that exceeds the average local rent. This surplus effectively subsidizes the landlord's income beyond what the typical market rent would provide.

The total reimbursement gap or surplus for a two-bedroom apartment in ZIP 41539 is thus a positive surplus of $65 per month, indicating that landlords can expect higher monthly income compared to the local average when renting to tenants with Section 8 vouchers.

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.