Section 8 Fair Market Rent (FMR) for ZIP 41631 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$660
1 Bedroom	$710
2 Bedrooms	$930
3 Bedrooms	$1,240
4 Bedrooms	$1,250
5 Bedrooms	$1,450
6 Bedrooms	$1,624
7 Bedrooms	$1,754
8 Bedrooms	$1,842

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, the analysis for ZIP 41631 revolves around the disparity between the Fair Market Rent (FMR) and the actual market rent. For the fiscal year 2026, the FMR for ZIP 41631 is set at $900. However, the median market rent for this area is not provided, making it difficult to calculate the exact gap in dollars. Nonetheless, we can still provide insights based on the given FMR and the context of the area.

The median home value in ZIP 41631 is $86,007, indicating a relatively affordable residential market. With 25.1% of the population being renters, the rental market plays a significant role in the local economy. The median income for the area is $31,250, which is notably lower than the state average. This economic context suggests that many residents rely on government assistance such as Section 8 vouchers to afford housing.

If the FMR of $900 is higher than the actual market rent, landlords who accept Section 8 tenants could see a yield play, as the voucher payments would cover a substantial portion of the rent. This scenario would be beneficial for landlords looking to secure steady rental income without the risk of vacancy. However, if the FMR is lower than the market rent, landlords might face a financial challenge in covering their costs, leading to potential losses.

To fully understand the implications, it is crucial to know the actual market rent. If you can provide the current market rent for ZIP 41631, we can calculate the precise gap and offer a more detailed analysis.

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.