Location: Morgan County, OH | Metro: Perry County, OH HUD Metro FMR Area
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 | $850 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $121,299 | 0.82% | C |
| 3BR | $1,260 | $188,113 | 0.67% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 43730 in Ohio for fiscal year 2024 is set at $860. This figure represents the payment standard for Section 8 housing vouchers in your area, meaning that the maximum amount a voucher holder can be expected to pay toward their rent is typically 30% of their income, while the rest is subsidized by the government up to the FMR limit. However, it's important to note that this does not necessarily mean you will receive $860 as rent from a voucher holder.
In comparison, the average rent in ZIP 43730 according to the latest Census American Community Survey (ACS) data is $811. This suggests that the FMR is slightly above the market average, which could be beneficial for landlords who are looking to cover their costs and earn a profit. The FMR is designed to reflect the actual rental market conditions, ensuring that voucher holders can find suitable housing.
The 21.0% share of renters in ZIP 43730 indicates a significant portion of the population relies on rental housing, creating a steady demand for properties. With an estimated median household income of $128,417, potential buyers might consider the acquisition cost of rental properties in this area. While higher incomes generally mean more disposable income for renters, it also implies that property values might be relatively high due to the overall economic strength of the area.
To ensure a successful Section 8 rental, one key factor to verify is the physical condition of the property. It must meet the Housing Quality Standards (HQS), which are minimum requirements set by the Department of Housing and Urban Development (HUD) to ensure safe and decent living conditions for tenants. This includes checking for issues such as peeling paint, leaky faucets, and structural problems. Ensuring your property meets these standards will help you avoid delays in getting approved for Section 8 tenants and ensure a smoother rental process.
In summary, the FMR of $860 provides a benchmark for landlords participating in the Section 8 program in ZIP 43730. Given the local average rent of $811 and a 21.0% renter share, there is a solid demand for rental properties, and the median income of $128,417 suggests that property values are likely to be on the higher side. Before proceeding, make sure your property meets the HQS to facilitate a seamless entry into the Section 8 rental market.
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.