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 | $1,010 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,550 | $286,352 | 0.54% | F |
U.S. Census Bureau data (2024)
The analysis for Section 8 properties in ZIP code 43084 centers around the significant gap between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2024, the FMR is set at $1250, whereas the Census ACS reports the average market rent at $862. This means that the FMR exceeds the market rent by $388, or approximately 45%. The disparity between these two figures suggests a unique opportunity for landlords and small-portfolio investors.
Given that the FMR is higher than the market rent, landlords can secure a higher rental income through Section 8 vouchers compared to what they might receive from non-voucher tenants. This makes it a compelling yield play. Voucher tenants provide a guaranteed source of income, backed by federal funds, which ensures timely payments. In ZIP 43084, where only 15.1% of residents are renters, the competition for rental properties is relatively low. This further supports the attractiveness of the yield play, as landlords can potentially command higher rents without significantly affecting occupancy rates.
The median home value in ZIP 43084 stands at $250,593, indicating a middle-class area with stable property values. However, the median household income is $78,080, suggesting that many residents may find it challenging to afford homeownership or higher-end rentals. Therefore, the presence of Section 8 vouchers helps fill a critical need in the rental market, providing affordable housing options for those who qualify.
While the FMR provides a higher income potential, landlords must also consider the administrative aspects of managing Section 8 properties. These include regular inspections, compliance with HUD standards, and the initial application process. Despite these considerations, the financial benefit of renting at FMR levels versus market rates can outweigh the administrative burdens, making it a strategic choice for maximizing returns in ZIP 43084.
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.