Location: Perry County, OH | Metro: Columbus, 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 | $1,080 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,980 |
| 5 Bedrooms | $2,297 |
| 6 Bedrooms | $2,573 |
| 7 Bedrooms | $2,779 |
| 8 Bedrooms | $2,918 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,310 | $269,123 | 0.49% | F |
| 3BR | $1,620 | $360,843 | 0.45% | F |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP 43739, Glenford, OH, reveals a detailed financial landscape for potential investments. Based on the Fair Market Rent (FMR) for a two-bedroom apartment at $1050 per month (FY 2024), the annualized rental income would be $12,600. Given the median home value in the area stands at $341,839, this scenario implies a gross yield of approximately 3.69%. This calculation provides a baseline for evaluating the potential returns of a Section 8 property in this ZIP code.
In contrast, using the market rent figure of $1,114 per month from the Census ACS, the annualized rental income increases to $13,368. With the same median home value of $341,839, this translates into a gross yield of about 3.91%. The difference between these two yields is marginal, yet significant enough to warrant consideration when comparing investment opportunities.
Evaluating the realism of these yields requires an understanding of the local rental market dynamics. Glenford, OH, has a renter density of 10.9%, indicating a relatively low demand for rental properties compared to owner-occupied homes. However, the N/A-day Days on Market (DOM) suggests that data on how quickly rentals are being leased is not available, complicating the assessment of market demand.
Given the higher gross yield from the market rent scenario, it might appear more attractive at first glance. However, the stability and reliability of Section 8 rents should also be considered. Section 8 properties benefit from government-backed rental payments, reducing the risk associated with tenant defaults or market fluctuations. Therefore, while the market rent scenario offers a slightly better gross yield, the Section 8 scenario provides a safer, more predictable income stream, which can be particularly valuable for small-portfolio investors.
Investors should weigh the benefits of a slightly higher yield against the security and predictability of Section 8 rents. The choice will depend on their risk tolerance and investment goals. For those prioritizing stability, the Section 8 cap-rate with a gross yield of 3.69% is a solid option. Those willing to take on slightly more risk for a potentially higher reward may find the 3.91% gross yield from market rents more appealing.
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.