Location: Williams County, OH | Metro: Williams 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 | $790 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,370 | $198,860 | 0.69% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 43501 in Williams County, Ohio, reveals several key points for potential Section 8 real-estate investors.
First, let's address whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,020. However, the current market rent based on Census ACS data stands at $997. This means that the rent differential is minimal, with only a $23 increase over the market rate. For landlords, this indicates that while they can expect a slight premium over the market average, it is not a significant margin.
Second, regarding acquisition affordability, the median home value in ZIP 43501 is $168,790. Unfortunately, the data does not provide insights into the number of days properties stay on the market (DOM) or the percentage of homes that require price reductions before selling. Therefore, we cannot definitively assess the ease or difficulty of acquiring properties in this area. However, the median home value suggests that purchasing a property here is within reach for many investors, especially those looking for affordable entry points.
Third, there is a notable tenant demand. With a total population of 715, 22.3% of the residents are renters. This translates to approximately 160 rental units needed in the area. Given the size of the population, this demand is substantial relative to the overall number of residents, indicating a steady need for rental housing.
In conclusion, ZIP 43501 presents a mixed picture for Section 8 investors. The rent math barely works due to the small difference between the FMR and market rent. Acquisition appears affordable with a median home value of $168,790, though without data on DOM and price-cut shares, a complete assessment is challenging. Tenant demand is present and relatively strong given the population size and renter share. Investors should proceed with caution, focusing on areas where the FMR significantly exceeds the market rent to ensure profitability.
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.