Location: Champaign County, OH | Metro: Union County, 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 | $1,170 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,670 |
| 3 Bedrooms | $2,000 |
| 4 Bedrooms | $2,200 |
| 5 Bedrooms | $2,552 |
| 6 Bedrooms | $2,858 |
| 7 Bedrooms | $3,087 |
| 8 Bedrooms | $3,241 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,670 | $233,103 | 0.72% | D |
| 3BR | $2,000 | $324,487 | 0.62% | D |
| 4BR | $2,200 | $390,145 | 0.56% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 43045, which includes Milford Center, OH, is set at $1210 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 benchmark used to determine the rent subsidy.
In comparison, the average market rent in ZIP 43045, based on Census American Community Survey (ACS) data, is $1,438. This means that the FMR is approximately $228 less than the typical rent in the area. If you're planning to participate in the Section 8 program, you should be prepared to accept this lower rent amount.
The demand for rental properties in this area is strong, with 8.6% of residents being renters. This indicates that there is a significant portion of the population looking for housing, which could translate into a steady stream of potential tenants. However, the competition among landlords for Section 8 vouchers is likely to be intense given the high renter share.
If you're considering purchasing a property to use as a Section 8 rental, the median home value in ZIP 43045 is around $310,473. This figure provides a basis for understanding the acquisition cost of a property in this area. Keep in mind that the actual price may vary depending on the condition, size, and location of the property.
Before making your final decision, ensure that the property meets all the necessary requirements for the Section 8 program. Specifically, you must verify that the unit passes the Housing Quality Standards (HQS) inspection. This is a critical step because failing this inspection can delay your participation in the program and potentially affect your ability to secure a tenant.
To summarize, the FMR of $1210 sets the maximum rent for Section 8 participants, while the average market rent of $1,438 shows that this is below the local average. With 8.6% of the population renting, there is a good demand for rental units. The median home value of $310,473 gives an idea of the investment needed. Ensure your property passes the HQS inspection to proceed smoothly.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.