Section 8 Fair Market Rent (FMR) for ZIP 43153 - 2027

Location: Fayette County, OH | Metro: Columbus, OH HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,120
1 Bedroom	$1,210
2 Bedrooms	$1,470
3 Bedrooms	$1,770
4 Bedrooms	$2,020
5 Bedrooms	$2,343
6 Bedrooms	$2,624
7 Bedrooms	$2,834
8 Bedrooms	$2,976

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,112

Median Household Income

$90,417

Housing Units

431

Renter Percentage

24.1%

Occupancy Rate

92.6%

Renter Occupied

Housing Authorities Serving ZIP 43153

Greene Metropolitian Housing Authority (Xenia, OH) - 1,466 Section 8 vouchers
Springfield Metropolitan Housing Authority (Springfield, OH) - 1,378 Section 8 vouchers
Fayette Metropolitan Housing Authority (Washington Court House, OH) - 478 Section 8 vouchers
Highland Metropolitian Housing Authority (Washington Ch, OH) - 144 Section 8 vouchers
London Metropolitan Housing Authority (London, OH)

The ZIP code 43153, located in the heart of Marion, Ohio, offers a stable and modest living environment suitable for both families and individuals. The area is characterized by a mix of residential neighborhoods and small-town charm, making it an attractive location for those seeking a quieter lifestyle.

The Fair Market Rent (FMR) for ZIP 43153 in fiscal year 2024 is set at $1,100. This figure represents the maximum amount a low-income household should pay for housing under the Section 8 program, indicating a moderate cost of living in the area.
The average market rent for the area is $1,000, according to the latest Census American Community Survey (ACS). This suggests that rental properties are slightly below the FMR, offering a competitive edge for landlords participating in the Section 8 program.
The median home value in ZIP 43153 is $303,611. This relatively low figure compared to larger metropolitan areas can be beneficial for investors looking to purchase properties without the high costs associated with more urban settings.
Renters make up 24.1% of the population, showing a significant portion of residents who rely on rental housing. This demographic trend supports the demand for rental properties, particularly those that cater to low-income households.
The median income for residents is $90,417, which is above the national average but still within reach for many Section 8 participants. This economic profile indicates a diverse income range, potentially supporting a variety of rental options.

Investors should take note of the strong alignment between the FMR and market rent, which suggests a favorable climate for Section 8 participation. The median home value provides a solid foundation for property investments, while the substantial renter share ensures ongoing demand. Given the median income levels, there's potential for attracting tenants who can contribute to the stability and success of rental properties within the ZIP code.

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.