Location: Ottawa County, OH | Metro: Ottawa County, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP code 43408 in the Ottawa County, OH HUD Metro FMR Area for fiscal year 2024 is set at $1160. This figure represents the maximum amount that a landlord can charge for a unit under the Section 8 housing assistance program. However, the market rent as reported by the Census ACS is significantly lower at $908. This indicates that voucher tenants will cashflow positively at the HUD FMR rate, allowing landlords to receive a higher rent subsidy than what they would typically collect from market-rate tenants.
The median home value for the area is listed as N/A, which means we cannot calculate a precise rent-to-price ratio. Nonetheless, given the discrepancy between the HUD FMR and the actual market rent, it is clear that there is a substantial gap favoring landlords who participate in the Section 8 program. The difference of $252 per month between the HUD FMR and the market rent translates into a significant financial advantage for property owners willing to accept Section 8 vouchers.
Regarding the days on market (DOM) and price-cut share, both figures are also listed as N/A. While these metrics are important for understanding the local real estate market's dynamics, the lack of data does not detract from the strong cashflow potential offered by Section 8 rentals in ZIP 43408. Given the positive cashflow scenario, landlords and small-portfolio investors should focus on securing properties that meet the necessary qualifications for the Section 8 program to benefit from the higher rent subsidy.
The strongest angle for investors in this market is cashflow. By participating in the Section 8 program, landlords can ensure a steady income stream that exceeds current market rents, making it an attractive option for those seeking reliable returns on their investment properties.
Data Sources: FMR data from HUD (2027). 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.