Section 8 Fair Market Rent (FMR) for ZIP 43552 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 43552 in fiscal year 2024 is set at $1020. This figure represents the payment standard for Section 8 rentals, which is the maximum amount that the Housing Choice Voucher program will pay towards your tenant's rent. It is important to note that this is not the amount you can charge for rent; it is the ceiling for the voucher payment.

In ZIP 43552, the local median rent is currently listed as N/A, making direct comparisons challenging. However, the FMR serves as a guideline for landlords to understand what the government deems as fair market value for housing in this area. The percentage of renters who could be eligible for Section 8 vouchers in this ZIP code is also N/A%, indicating the potential demand for subsidized housing.

When acquiring a property for Section 8, the average price is N/A. This suggests that the initial investment required to enter this market can vary widely based on the condition and location of the property. It's crucial to assess these factors carefully to ensure long-term profitability and compliance with the program's maintenance standards.

Before proceeding with a Section 8 rental in ZIP 43552, you must verify that your property meets all the necessary requirements set by the local housing authority. This includes passing a thorough inspection to ensure the property is up to code and habitable. Non-compliance can result in reduced payments or termination from the program, so ensuring your property is in good condition is key to avoiding such issues.

Data Sources: FMR data from HUD (2027).

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.