Location: Marion County, OH | Metro: Marion 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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,200 | $225,895 | 0.53% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 43341 in the metro area for fiscal year 2026 is set at $970. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit. It's important to note that this is not the actual rent you will receive; it's the payment standard that HUD uses to determine the maximum rent a tenant can be charged. The actual rent you receive will be lower, as it is based on the tenant's income.
To put this into perspective, the average rent in ZIP 43341, according to Census ACS data, is $779. This indicates that the FMR is higher than the typical market rate, which could be beneficial for landlords participating in the Section 8 program. However, you should also consider the demand for rentals in your area. With a renter share of 10.2%, there is a moderate level of demand for affordable housing options, meaning that while there is interest, it may not be overwhelming.
If you're looking to acquire a property in ZIP 43341 for a Section 8 rental, the median home value is around $202,407. This figure gives you an idea of the initial investment required to enter the market. Before making the decision to purchase a property for a Section 8 rental, it's crucial to verify that the property meets all the necessary requirements set by HUD. These include safety and health standards, ensuring that the property is in good condition and free from any hazards.
In summary, the FMR of $970 provides a guideline for setting the rent on a Section 8 unit, which is higher than the local average of $779. There is a moderate demand for rentals in ZIP 43341, and the median home value suggests a reasonable entry point for new investors. To ensure success, make sure the property complies with HUD standards before proceeding with the acquisition.
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.