Location: Logan 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 | $1,010 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,290 | $271,070 | 0.48% | F |
| 3BR | $1,640 | $270,599 | 0.61% | D |
| 4BR | $1,780 | $289,711 | 0.61% | D |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 43060, Woodstock, Ohio, are governed by the SAFMR (Small Area Fair Market Rent) which is set specifically for this ZIP code. For a two-bedroom apartment in FY 2024, the SAFMR is $1180. However, the local market rent as per the Census ACS is $895. This discrepancy is important when understanding the actual financial implications for landlords.
A Section 8 voucher does not cover the entire rent amount. Instead, it reimburses landlords based on the SAFMR and the tenant's ability to pay. Typically, the tenant contributes 30% of their adjusted income towards rent, while the voucher covers the difference up to the SAFMR limit. In Woodstock, this means if a landlord charges the full $1180, they will receive the tenant's contribution plus the voucher amount, but only up to the $1180 ceiling.
To illustrate, consider a tenant with an adjusted income of $1500 per month. Their contribution would be 30%, or $450. If the landlord sets the rent at $1180, the voucher would cover the remaining $730, bringing the total reimbursement to $1180. However, if the landlord sets the rent higher than $1180, say $1200, the voucher would still only cover up to $1180, leaving the landlord to accept the lower reimbursement or risk losing the tenant to another property.
In addition to rent, there are utility allowances. These vary by region and can impact the total reimbursement. For ZIP 43060, the utility allowance is calculated separately and added to the rental reimbursement. Assuming a standard utility allowance of $300, this brings the total potential reimbursement to $1480 ($1180 for rent + $300 for utilities).
Given the local market rent of $895, landlords might wonder about the surplus. Indeed, if a landlord charges $895, the reimbursement could exceed the market rent, especially when the utility allowance is considered. But remember, the voucher amount is capped at $1180 for rent, so any surplus must come from the utility allowance or other subsidies.
In summary, for a two-bedroom apartment in ZIP 43060, the typical reimbursement gap or surplus is determined by the balance between the SAFMR of $1180, the tenant's contribution, and the utility allowance. Landlords should set rents carefully to maximize their returns while staying within the bounds of the SAFMR. With the local market rent at $895, landlords can expect a surplus when factoring in the utility allowance, assuming they do not exceed the SAFMR cap.
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.