Section 8 Fair Market Rent (FMR) for ZIP 43194 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 43194, located in Ohio, is a region that offers a unique opportunity for real estate investors interested in the Section 8 housing market. The Federal Market Rent (FMR) for this area stands at $1320 per month for fiscal year 2024, providing a clear benchmark for rental properties seeking to participate in the program.

• Federal Market Rent (FMR): For ZIP 43194, the FMR is set at $1320 for fiscal year 2024, indicating the maximum rental amount that can be charged for a property under the Section 8 Housing Choice Voucher Program.
• Market Rent: Unfortunately, specific market rent data is not available for ZIP 43194, which makes it challenging to compare the FMR against local market rates. This lack of data suggests a less competitive market or limited data collection efforts.
• Median Home Value: There is no reported median home value for this ZIP code, which could imply a predominantly rental-based community or a lack of comprehensive data on homeownership in the area.
• Renter Share: The percentage of residents who are renters is also not available, making it difficult to assess the demand for rental properties in the area.
• Days on Market (DOM): Similarly, there is no information on the average days a property remains on the market before being rented out, which would provide insight into the speed of finding tenants.
• Median Income: The median income figure is missing, which is crucial for understanding the economic profile of potential tenants and their ability to afford housing.

In summary, ZIP 43194 presents a clear FMR target of $1320 for Section 8 properties, but the absence of key metrics such as market rent, median home value, and renter share complicates a comprehensive analysis. Landlords and small-portfolio investors should focus on the FMR as a reliable anchor while being cautious about relying on incomplete data for broader investment decisions. Engaging with local real estate agents or conducting a detailed survey might help fill these data gaps and provide a clearer picture of the rental market dynamics in the area.

Data Sources: FMR data from HUD (2027).

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.