Section 8 Fair Market Rent (FMR) for ZIP 43556 - 2027

Location: Paulding County, OH | Metro: Defiance County, OH

Investment Score for ZIP 43556

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$130,615

1% Rule

0.77%

Annual Yield

9.19%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$790
1 Bedroom	$840
2 Bedrooms	$1,000
3 Bedrooms	$1,210
4 Bedrooms	$1,490
5 Bedrooms	$1,728
6 Bedrooms	$1,935
7 Bedrooms	$2,090
8 Bedrooms	$2,195

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,000	$130,615	0.77%	D
3BR	$1,210	$203,922	0.59%	F
4BR	$1,490	$199,969	0.75%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,670

Median Household Income

$73,125

Housing Units

689

Renter Percentage

10.1%

Occupancy Rate

88.0%

Renter Occupied

Sherwood, OH, located in ZIP code 43556, is a small town that offers opportunities for both landlords and small-portfolio investors. The local housing market reflects a blend of affordability and stability, making it an attractive location for those interested in real estate investment.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, providing a benchmark for rental pricing in the region.
The average market rent, based on Census ACS data, stands at $940, indicating a competitive rental market within Sherwood.
The median home value in Sherwood is $167,103, which is relatively low compared to many other areas, offering potential for property appreciation.
Renters make up 10.1% of the local housing market, suggesting a smaller but stable demand for rental properties.
The median income in the area is $73,125, reflecting a moderate economic base that supports rental payments without excessive strain.

Investors looking to enter the Sherwood, OH, market can expect a fair degree of stability given the alignment between the FMR and market rent. The lower median home values present opportunities for growth, while the median income level suggests a reasonable capacity for tenants to meet rental obligations. However, the relatively low share of renters indicates that the market may be somewhat limited, requiring careful selection of properties and management strategies to maximize returns.

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.