Section 8 Fair Market Rent (FMR) for ZIP 43322 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$770
2 Bedrooms	$1,000
3 Bedrooms	$1,200
4 Bedrooms	$1,320
5 Bedrooms	$1,531
6 Bedrooms	$1,715
7 Bedrooms	$1,852
8 Bedrooms	$1,945

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, ZIP 43322, located in Marion County, Ohio, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980, which is significantly higher than the current market rent of $775. This creates a positive spread of $205 per unit, ensuring that landlords can maintain stable cash flows even when dealing with the rental subsidies provided by the Section 8 program.

The median home value in ZIP 43322 is $157,259, indicating that property acquisition costs are relatively low. This makes it an attractive option for investors looking to minimize their initial capital outlay while still generating consistent rental income through the Section 8 program. The lower market rents also mean that there is less risk of overpaying for properties, which can be a common issue in more expensive markets.

ZIP 43322 does not present strong opportunities for appreciation or quick flips due to the lack of significant price growth and limited data on days on market (DOM). However, the 15.4% renter share and median income of $56,250 suggest that there is a reasonable demand for rental housing in the area. While not a diversifier in terms of high-income or appreciation potential, the ZIP code offers a solid foundation for building a portfolio that relies on steady, predictable cash flows rather than rapid capital gains.

To summarize, ZIP 43322 should be considered a cash-flow anchor in a Section 8 portfolio strategy. With a positive spread of $205 between the FMR and market rent, and a median home value of $157,259, it provides a secure investment opportunity for landlords and small-portfolio investors who prioritize stability and reliable income over speculative gains.

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.