Location: Logan County, OH | Metro: Lima, OH MSA
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 | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $234,834 | 0.49% | F |
| 3BR | $1,390 | $297,305 | 0.47% | F |
| 4BR | $1,540 | $351,132 | 0.44% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 43310, located in Belle Center, OH, within the Logan County metro area, reveals several key points. The HUD Fair Market Rent (FMR) for FY 2024 is set at $950. In contrast, the market rent based on Census ACS data stands at $875. This indicates that voucher tenants will generally cashflow at the FMR rate, providing a positive financial outcome for landlords and small-portfolio investors.
To further analyze the investment potential, consider the median home value in the area, which is $281,494. Using this figure, we can derive the rent-to-price ratio by dividing the market rent by the median home value. A simplified calculation yields a ratio of approximately 0.31%, suggesting that rental income is relatively low compared to the value of homes in the area. However, this also implies that there is significant equity in the properties, which could be advantageous for long-term investments.
Note that the median days on market (DOM) and the percentage of price cuts are not available for this analysis. Nonetheless, given the positive cashflow scenario presented by the comparison between the HUD FMR and the actual market rent, the primary focus should be on the financial performance of rental properties rather than the broader real estate market dynamics.
The strongest investor angle in ZIP 43310 is cashflow. With voucher tenants paying above the market rent, landlords can expect consistent and reliable income from their properties. This makes it an attractive option for those looking to generate steady cash flow from their investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.