Location: Knox County, OH | Metro: Columbus, OH HUD Metro FMR Area
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 | $790 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $241,706 | 0.45% | F |
| 3BR | $1,340 | $305,874 | 0.44% | F |
| 4BR | $1,430 | $378,221 | 0.38% | F |
| 5BR | $1,659 | $462,726 | 0.36% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 43019, which includes Fredericktown, Ohio, is set at $1050 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 Housing Choice Voucher program. It's important to note that this is not the actual rent you will receive; it's the payment standard used to determine the subsidy amount.
To put this into context, the average rent for the area, according to the latest Census American Community Survey (ACS), is $844. This means that the FMR is higher than the typical market rate, potentially providing a buffer against economic fluctuations and ensuring steady income.
With 17.8% of the population being renters, there is a consistent demand for affordable housing in the area. This percentage indicates that nearly one in every five residents relies on renting as their primary form of housing. Therefore, offering a Section 8 rental property can help meet this demand while ensuring a reliable tenant base.
The median home value in ZIP 43019 is approximately $284,924, which gives an idea of the acquisition cost for a property. If you're considering purchasing a property specifically for a Section 8 rental, this figure helps you understand the investment required. However, remember that the FMR does not cover the entire cost of owning a home, so it's crucial to factor in expenses such as maintenance, utilities, and insurance.
Before making your decision, it is essential to verify that the property meets all the necessary requirements for Section 8 eligibility. These include passing a habitability inspection and ensuring the unit is safe, decent, and sanitary. This step is critical to avoid any issues with the Housing Authority and to ensure compliance with the program's standards.
In summary, the $1050 FMR for ZIP 43019 provides a clear guideline for setting rent under the Section 8 program, while the local average rent of $844 shows that the FMR offers a competitive edge. The 17.8% renter share indicates a stable demand for rental properties, and the median home value of $284,924 gives insight into the potential investment. By confirming that your property meets all the Section 8 requirements, you can proceed with confidence.
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.