Location: Champaign County, OH | Metro: Champaign County, OH
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,740 | $351,406 | 0.5% | F |
| 4BR | $1,890 | $443,090 | 0.43% | F |
U.S. Census Bureau data (2024)
The ZIP code 43009 is situated in a predominantly homeowner-focused neighborhood with a relatively small population of 2,229 residents. Only 7.3% of the inhabitants are renters, indicating a strong preference for homeownership in the area. The median household income stands at a robust $102,841, reflecting a prosperous community where most residents can afford to buy rather than rent their homes. The median home value in ZIP 43009 is $329,798, suggesting a stable and valuable housing market.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,290. In contrast, the current market rent, according to the Census American Community Survey (ACS), is slightly lower at $1,263. This indicates that the rental market in ZIP 43009 is closely aligned with the broader metro area's standards, but with a slight premium that could be attributed to the area's higher median income.
Given these economic factors, ZIP 43009 might not be the best fit for a hands-off voucher operator due to the low percentage of renters and the overall prosperity of the community. However, it presents an interesting opportunity for a hands-on value-add buyer who can leverage the area's high median income and potentially increase rents above the FMR, given the demand for quality rentals in such a desirable location. Investors should consider the limited rental market and focus on enhancing property values through improvements that cater to the area's affluent demographic.
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.