Location: Vinton County, OH | Metro: Columbus, 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 | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $290,673 | 0.34% | F |
| 3BR | $1,340 | $351,940 | 0.38% | F |
| 4BR | $1,430 | $446,586 | 0.32% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 43135, Laurelville, OH, in Hocking County, revolve around the Safety-Net Fair Market Rent (SAFMR) and the local market rent. For a two-bedroom apartment, the SAFMR for FY 2024 is set at $1050. This figure is specifically tailored for this ZIP code, ensuring it reflects the local rental market conditions accurately.
Local market rent, according to the Census American Community Survey (ACS), averages $679 for a two-bedroom unit. This discrepancy between the SAFMR and the actual market rent is significant for landlords who are considering participating in the Section 8 program.
A Section 8 voucher pays a portion of the rent directly to the landlord, based on the SAFMR and the tenant's ability to pay. Here’s a breakdown of how the reimbursement works:
Given these specifics, landlords in ZIP 43135 should understand that while the SAFMR sets a cap at $1050, the average local market rent is significantly lower at $679. Therefore, the typical reimbursement gap for a two-bedroom unit would be a surplus for landlords, meaning they receive more than the local market rent on average.
To illustrate, if a landlord charges the local market rent of $679, the voucher would cover the remaining amount up to the SAFMR of $1050, resulting in a surplus of $371 per month ($1050 - $679). However, if the landlord charges the full SAFMR of $1050, they will only receive $600 from the voucher plus the tenant's $450 contribution, totaling exactly $1050. In this scenario, there is no surplus or deficit compared to the SAFMR.
In conclusion, landlords in ZIP 43135 can expect a surplus when renting a two-bedroom unit at the local market rate due to the higher SAFMR. This surplus provides financial stability and ensures that landlords are not at a disadvantage when participating in the Section 8 program.
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.