Section 8 Fair Market Rent (FMR) for ZIP 43067 - 2027
Location: Logan County, OH | Metro: Union County, OH HUD Metro FMR Area
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,250 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,790 |
| 3 Bedrooms | $2,130 |
| 4 Bedrooms | $2,350 |
| 5 Bedrooms | $2,726 |
| 6 Bedrooms | $3,053 |
| 7 Bedrooms | $3,297 |
| 8 Bedrooms | $3,462 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$95,903
Housing Authorities Serving ZIP 43067
When evaluating whether to invest in ZIP 43067 (West Mansfield, OH) for Section 8 properties, follow these steps:
- Does FMR $1180 (zip FY 2024) clear debt service on a $311,072 property?
- If yes: The Fair Market Rent (FMR) of $1180 is sufficient to cover the debt service on a property valued at $311,072. This means that the rental income will meet the mortgage and other financial obligations.
- If no: The FMR of $1180 does not clear the debt service on a $311,072 property. This indicates that the rental income may not be enough to cover the financial obligations, making it a risky investment.
- Is market rent $1,368 (Census ACS) above, at, or below FMR?
- If above: The market rent of $1,368 is higher than the FMR of $1180. This suggests that there is potential for earning more than the guaranteed Section 8 payment, which can be beneficial if the landlord is looking to maximize profits.
- If at: The market rent of $1,368 matches closely with the FMR of $1180. This indicates that the landlord would receive a stable income equivalent to the market rate, but without additional profit margins.
- If below: The market rent of $1,368 is lower than the FMR of $1180. This scenario is unlikely given the provided numbers, but if it were the case, it would mean that the landlord might face challenges in attracting tenants willing to pay the Section 8 rate.
- Are 11.6% renters + N/A-day days on market (DOM) enough demand?
- If yes: With 11.6% of residents being renters, there is a reasonable level of demand for rental properties. The lack of data on days on market (DOM) could indicate either a robust market where properties are rented quickly or a lack of available data. Given the percentage of renters, it is likely that demand is sufficient.
- If no: The 11.6% of residents being renters may not provide enough demand for rental properties, especially if the days on market (DOM) are long. However, the absence of DOM data makes it difficult to assess this fully.
- If it depends: The 11.6% of residents being renters is a moderate figure. Without specific DOM data, it's hard to definitively say whether this demand is sufficient. Consider local economic factors and competition before making a final decision.
In conclusion, ZIP 43067 offers a balanced opportunity for Section 8 investments, contingent upon the ability of the FMR to cover debt service and the specific local dynamics of the rental market.
Data Sources: FMR data from HUD (2027). 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.