Section 8 Fair Market Rent (FMR) for ZIP 42302 - 2027

FY 2027 Fair Market Rent Rates

The market analysis for Section 8 investors in ZIP code 42302 reveals that the HUD Fair Market Rent (FMR) for FY 2024 is set at $1100. However, without specific data on the current market rents for the area, it's challenging to provide a direct comparison. Given the FMR figure, landlords and small-portfolio investors can expect that voucher tenants will typically cashflow at the FMR rate, though the exact dynamics depend on unit size and condition.

The median home value for ZIP 42302 is not available, which means deriving an accurate rent-to-price ratio is also not possible with the given data. This ratio would normally help investors understand the relative affordability of renting versus buying, but its absence does not significantly impact the decision-making process for Section 8 investments in this case.

The days on market (DOM) and the percentage of price cuts are also not provided, making it difficult to assess how quickly properties are turning over and at what cost adjustments. Nonetheless, these metrics are generally less critical for Section 8 investors since the focus is on long-term rental income rather than short-term sales dynamics.

The strongest investor angle in ZIP 42302 is likely to be cashflow. With the HUD FMR at $1100, landlords can secure steady rental income from voucher tenants, assuming the units meet program requirements. This provides a reliable source of revenue, especially when compared to the volatility often associated with market-rate rentals. The predictability of government-backed rental payments makes this a solid investment strategy for those looking to generate consistent cash flow.

Data Sources: FMR data from HUD (2027).

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.