Location: Hardin County, OH | Metro: Union County, OH HUD Metro FMR Area
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 | $1,010 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,290 | $163,996 | 0.79% | D |
| 3BR | $1,550 | $245,753 | 0.63% | D |
U.S. Census Bureau data (2024)
Mount Victory, OH, located in ZIP code 43340, is a small suburban neighborhood with a total population of 2,103 residents. The area has a relatively low percentage of renters at 29.3%, indicating a predominantly owner-occupied community. Despite this, the median household income of $72,446 suggests that those who do rent are likely to be financially stable. The median home value in the area stands at $223,379, reflecting a modest but comfortable living standard.
Moving into the economic realities of rental properties, the Fair Market Rent (FMR) for ZIP code 43340 in fiscal year 2024 is set at $1,250. This figure represents the maximum amount that a Section 8 voucher holder can pay for rent, including utilities. However, the lack of specific market rent data makes it challenging to compare the FMR against local rental rates. Given the absence of this data, we must rely on the FMR as a key indicator for assessing the viability of rental investments in this area.
The profile of Mount Victory, OH, aligns well with a hands-off Section 8 voucher operator. The modest median home value and the presence of a financially stable renting population suggest that properties here can be effectively managed with a focus on maintaining units rather than actively seeking to increase their value. For hands-on investors looking to add value through renovations or improvements, the opportunity may be limited due to the already reasonable property values and the lower proportion of renters. However, if there are underutilized or poorly maintained properties in the area, these could present opportunities for a value-add strategy.
In summary, ZIP code 43340 offers a stable environment for hands-off Section 8 investment, given the financial stability of the residents and the manageable property values. For hands-on investors, the potential for significant value addition might be constrained, but there are still niche opportunities available.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.