Location: Williams County, OH | Metro: Williams County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The Section 8 Housing Choice Voucher program in ZIP code 43505 offers a clear financial framework for landlords and small-portfolio investors looking to enter this market. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,160. This figure represents the payment standard for the program, meaning it is the maximum amount that the government will subsidize for eligible tenants. It is important to note that this does not directly equate to your rent; rather, it is the cap on what the government will contribute towards the tenant's portion.
To put this into context, the local median rent for ZIP 43505 is currently listed as N/A, which makes direct comparison challenging. However, given that 20.0% of renters in the area are participating in the Section 8 program, there is a demonstrable demand for affordable housing options. This indicates that if you have a property that meets the necessary standards, you can expect a steady pool of potential tenants who rely on vouchers.
Regarding the acquisition cost of properties in ZIP 43505, the data is also listed as N/A. While this does not provide a specific figure, it suggests that the cost of purchasing a rental property might be influenced by factors such as the condition of the property and whether it already has tenants. For investors, it is crucial to understand these costs relative to the FMR and the anticipated income from the voucher program.
Before proceeding with your first Section 8 rental, one critical step is to verify that your property complies with the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary for tenants. Compliance with HQS is mandatory for participation in the program, and failing to meet these requirements can result in disqualification.
In summary, the FMR of $1,160 provides a benchmark for the subsidy available through the Section 8 program in ZIP 43505. With a significant portion of renters relying on vouchers, there is a solid demand for affordable housing. Ensure your property meets the HQS to avoid any issues that could prevent you from participating in the program.
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.