Section 8 Fair Market Rent (FMR) for ZIP 41774 - 2027

Investment Score for ZIP 41774

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)

A skeptical investor looking at ZIP code 41774 might have several concerns regarding the feasibility of investing in properties under the Section 8 program. Let's address these concerns with the available data.

• Will FMR $1,020 (metro FY 2026) cover the mortgage on a $94,480 home?: The Fair Market Rent (FMR) of $1,020 for ZIP 41774 is a crucial figure for landlords considering Section 8 participation. However, it does not guarantee that this amount will fully cover the mortgage on a property valued at $94,480. To determine if the FMR can cover the mortgage, we must consider the interest rates and loan terms. Assuming a fixed-rate mortgage at an average rate of 4.5%, the monthly payment on a $94,480 home could range between $450 to $500 depending on the down payment and term length. This suggests that the FMR of $1,020 would indeed cover the mortgage payments, leaving room for maintenance and other expenses.
• Is there enough renter demand at 17.2%?: The rental demand in ZIP 41774 is represented by a 17.2% rental rate, indicating that nearly one in every six homes is rented. While this percentage may seem low to some, it is important to note that the actual number of renters depends on the total housing stock. A 17.2% rental rate means there is a steady pool of potential tenants. For a landlord, this suggests a moderate but stable demand for rental properties. It is also worth noting that the rental rate does not directly correlate with the number of individuals seeking Section 8 housing assistance, which could be higher or lower based on local need and funding availability.
• Will vouchers keep pace with $749 market rents?: The average market rent of $749 in ZIP 41774 is below the FMR of $1,020, which is a positive sign for landlords participating in the Section 8 program. However, the question of whether vouchers will keep pace with market rents is more complex. The Housing Choice Voucher Program aims to cover 30% of the area median income (AMI), but the actual voucher amounts can vary widely based on local housing costs and federal funding levels. Given the current market rent, the likelihood is high that vouchers will meet or exceed $749. Yet, it is essential to monitor changes in both market rents and voucher policies to ensure continued alignment.

The data provides a snapshot of the financial landscape in ZIP 41774 but does not offer a complete picture of future trends. Landlords and investors should remain vigilant about changes in local market conditions and federal policies that could impact their investment decisions.

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.