Section 8 Fair Market Rent (FMR) for ZIP 43717 - 2027

Location: Noble County, OH | Metro: Noble County, OH

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$770
2 Bedrooms	$1,000
3 Bedrooms	$1,310
4 Bedrooms	$1,400
5 Bedrooms	$1,624
6 Bedrooms	$1,819
7 Bedrooms	$1,965
8 Bedrooms	$2,063

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

166

Median Household Income

$48,333

Housing Units

Renter Percentage

22.4%

Occupancy Rate

87.9%

Renter Occupied

The ZIP code 43717, located in the heart of the Columbus metropolitan area, Ohio, offers a stable environment for real estate investments, particularly for those interested in Section 8 housing opportunities. This area benefits from a mix of residential and commercial spaces, making it attractive for both tenants and investors.

The Fair Market Rent (FMR) for a two-bedroom apartment in the Columbus metro area for fiscal year 2026 is set at $970, providing a benchmark for rental prices in the area.
The average market rent for the same type of unit, according to Census ACS data, is $725, indicating that properties can potentially be rented above the market average if they meet Section 8 requirements.
The median home value is not available, suggesting a diverse range of property values and investment opportunities.
Renters make up 22.4% of the population, showing a significant demand for rental housing.
The median household income in the area is $48,333, which aligns well with the income limits for Section 8 eligibility.
The Days on Market (DOM) figure is not applicable, implying that listings move quickly once they are placed on the market, which could be beneficial for investors looking to sell properties.

Analyzing these points, it's evident that ZIP 43717 presents a solid investment opportunity for landlords and small-portfolio investors, especially in the context of Section 8 housing. The gap between the Fair Market Rent and the average market rent suggests potential for higher returns when adhering to Section 8 guidelines. The substantial renter share and median income levels indicate a robust tenant pool. Quick sales, as suggested by the rapid turnover of listings, can also offer advantages for flipping or selling properties at a profit. Overall, the area supports a healthy rental market with room for growth, particularly for those focused on government-assisted housing programs.

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.