Location: Logan County, OH | Metro: Auglaize County, OH
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 | $850 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $850 | $114,110 | 0.74% | D |
| 2BR | $1,110 | $167,462 | 0.66% | D |
| 3BR | $1,340 | $261,115 | 0.51% | F |
| 4BR | $1,510 | $371,106 | 0.41% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 43331, which includes Lakeview, Ohio, in Logan County, can be dissected into several key components. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code for fiscal year 2026 is set at $1,100. This figure represents the maximum amount that the Housing Choice Voucher program will pay towards rent.
In contrast, the local market rent for a two-bedroom unit, according to the Census ACS data, is $910. This means that the average rent charged in the area is below the SAFMR, creating an opportunity for landlords to potentially receive higher rent payments through the Section 8 program.
A landlord should understand how the voucher system works. The voucher holder is responsible for paying 30% of their adjusted income towards rent. For example, if a tenant's monthly adjusted income is $2,000, they would contribute $600 towards the rent. The remaining amount is covered by the government up to the SAFMR limit. In the case of a two-bedroom apartment in ZIP 43331, the government would cover the difference between the tenant’s contribution and the SAFMR, which is $1,100.
The SAFMR of $1,100 is inclusive of a utility allowance. This allowance is a fixed amount that varies based on the size of the unit and the location. For a two-bedroom apartment in ZIP 43331, the utility allowance is part of the $1,100 total, meaning the actual rent payment made by the government is less than $1,100 if the tenant contributes a portion of the rent.
To illustrate, let’s assume the tenant’s contribution remains at $600. The government would then pay the difference between this amount and the SAFMR, which is $500 in this scenario. However, it's important to note that the total SAFMR of $1,100 includes utilities, so the landlord might need to provide additional services or allowances for utilities separately.
The typical reimbursement gap or surplus for a two-bedroom voucher in ZIP 43331 is calculated by comparing the SAFMR with the local market rent. Given the SAFMR is $1,100 and the local market rent is $910, there is a potential surplus of $190 per month for landlords who participate in the Section 8 program. This surplus occurs because the government is willing to pay up to $1,100, while the market rent is lower at $910.
This economic dynamic makes participating in the Section 8 program attractive for landlords in ZIP 43331, as they can secure a stable rental income that exceeds the current market rates, thereby reducing vacancy risks and ensuring consistent cash flow.
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.