Location: Fayette 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 | $940 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $169,430 | 0.71% | D |
| 3BR | $1,480 | $253,657 | 0.58% | F |
| 4BR | $1,680 | $339,881 | 0.49% | F |
U.S. Census Bureau data (2024)
The Section 8 thesis in ZIP code 43145, which encompasses New Holland, OH, centers around the significant disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2024, the FMR stands at $1080, while the Census ACS data indicates that the average market rent is $833. This creates a gap of $247, or approximately 27%, between what landlords could potentially charge through the Section 8 program and the prevailing rental rates.
In this scenario, where the FMR exceeds the market rent, landlords can leverage the Section 8 program to increase their rental income above the local market average. The higher payment from the Housing Choice Voucher Program ensures a better yield on investment properties. This is particularly advantageous given that only 22.4% of residents in New Holland are renters, suggesting a lower competition among landlords for tenants. Additionally, the median home value of $253,922 and median income of $73,500 provide further context to the economic landscape, indicating that while homeownership is more prevalent, there is still a need for affordable rental options.
The key benefit for landlords and small-portfolio investors is the guaranteed income stream from the federal government, which covers the difference between the tenant's contribution and the FMR. This stability can offset potential risks associated with other forms of tenancy, such as non-payment or damage to property. Furthermore, the program's requirements for maintenance and safety standards can lead to improved property values over time, making it a strategic choice for those looking to enhance both short-term yields and long-term asset appreciation in New Holland, OH.
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.