Location: Logan County, OH | Metro: Logan 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 | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,140 | $259,113 | 0.44% | F |
| 3BR | $1,360 | $388,090 | 0.35% | F |
| 4BR | $1,500 | $446,522 | 0.34% | F |
U.S. Census Bureau data (2024)
The median income in ZIP code 43360, which covers East Liberty, Ohio, stands at $105,795. This figure places most households in a position where they could theoretically cover the market rate rent of $933 without significant strain. However, when comparing the market rate to the federal payment standard for housing vouchers, which is set at $1,120 for the metro area in fiscal year 2026, it becomes evident that voucher recipients have more disposable income to allocate towards rent.
The affordability gap in East Liberty is relatively narrow, given the median income comfortably exceeds the market rate rent. Yet, with only 11.4% of the 1,538 residents being renters, competition among landlords is likely to be fierce for the limited rental market share. Landlords must consider how to attract tenants in an environment where the number of potential renters is small compared to the overall population.
Voucher holders present a stable tenant option due to the government-backed rent support. The $1,120 voucher payment standard exceeds the market rate by $187, making it attractive for landlords seeking guaranteed income. However, the smaller pool of renters means landlords should also focus on retaining cash-paying tenants who can afford slightly above market rates, especially if they offer long-term lease commitments.
Takeaway: For landlords in ZIP 43360, the strategy should balance accepting Section 8 vouchers to secure steady rental income with the potential to charge slightly higher rents to non-voucher households. Given the high median income and the fact that voucher payments exceed the market rate, both approaches can be viable depending on the landlord's preference for tenant type and rental property management complexity.
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.