Location: Wyandot County, OH | Metro: Hardin 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 | $800 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $170,241 | 0.61% | D |
| 3BR | $1,270 | $232,264 | 0.55% | F |
| 4BR | $1,390 | $250,054 | 0.56% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 43332, New Bloomington, OH, Marion County, hinge on understanding the subsidy structure and comparing it to the local rental market. For fiscal year 2026, the SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code is set at $990. This figure represents the maximum amount the Housing Choice Voucher program will pay towards rent for such an apartment.
In contrast, the local market rent for a two-bedroom unit, based on Census ACS data, averages around $496. This lower figure indicates that landlords might receive less from the voucher program than they could potentially charge in the open market. However, the actual payment a landlord receives is a combination of the tenant's contribution and the voucher subsidy, adjusted by utility allowances.
The tenant's portion of the rent is typically 30% of their adjusted income. If we assume an average adjusted income of $1,500 per month, the tenant would contribute approximately $450 towards the rent. The voucher program then covers the difference between the tenant's contribution and the SAFMR, up to $990.
Utility allowances vary but can be substantial. For example, if the utility allowance is $200, this would be added to the tenant's contribution, bringing the total to $650. Therefore, the landlord would receive $650 from the tenant and the voucher program combined, leaving a gap of $340 between the local market rent and the SAFMR.
This gap means landlords in ZIP 43332 could face a shortfall if they rely solely on Section 8 vouchers to fill their units. Conversely, if the local market rent is below the SAFMR, landlords could see a surplus. In this case, since the local market rent is $496 and the total payment from the voucher and tenant is $650, landlords would have a surplus of $154 compared to the local market rate.
To summarize, landlords should expect the following:
Landlords must weigh these numbers carefully against their own financial needs and the potential benefits of participating in the Section 8 program, such as reduced vacancy rates and guaranteed government payments.
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.