Location: Knox County, OH | Metro: Knox 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 | $820 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,110 | $326,682 | 0.34% | F |
| 3BR | $1,410 | $378,198 | 0.37% | F |
| 4BR | $1,460 | $458,829 | 0.32% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 43022, Gambier, OH, Knox County, can be clearly defined using the SAFMR (Small Area Fair Market Rent) figures. For a two-bedroom apartment, the SAFMR for fiscal year 2026 is set at $1,190. This amount represents the maximum rent that a landlord can charge for a Section 8 rental unit in this specific ZIP code.
In contrast, the local market rent for a two-bedroom apartment in ZIP 43022 is reported to be $783 according to the Census ACS data. This indicates that the SAFMR is significantly higher than the average market rent, which could be beneficial for landlords participating in the program.
A landlord should understand that the actual payment received from a Section 8 voucher includes both the tenant's portion of the rent and utility allowances. Typically, the tenant is responsible for paying approximately 30% of their adjusted income towards rent. If we assume an average adjusted income of $1,983 (based on the 2023 HUD guidelines), the tenant would pay around $595 towards rent. The remainder of the SAFMR, up to the maximum of $1,190, would be covered by the housing authority.
Utility allowances vary but generally cover costs such as electricity, gas, water, and sewer. In ZIP 43022, these allowances can add an additional amount to the reimbursement. Assuming a utility allowance of about $300, the total reimbursement to the landlord would be around $895 per month.
This calculation shows that landlords in ZIP 43022 receive a substantial reimbursement above the local market rent. Specifically, the difference between the SAFMR and the local market rent, when considering the typical reimbursement, leaves a surplus of approximately $112 per month for a two-bedroom unit. This surplus is the additional amount landlords earn over the average market rate, making participation in the Section 8 program financially attractive in this area.
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.