Section 8 Fair Market Rent (FMR) for ZIP 43968 - 2027

Location: Columbiana County, OH | Metro: Columbiana County, OH

Investment Score for ZIP 43968

Monthly Rent (2BR)

$1,050

Median Price (2BR)

$86,720

1% Rule

1.21%

Annual Yield

14.53%

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	$810
1 Bedroom	$830
2 Bedrooms	$1,050
3 Bedrooms	$1,350
4 Bedrooms	$1,380
5 Bedrooms	$1,601
6 Bedrooms	$1,793
7 Bedrooms	$1,936
8 Bedrooms	$2,033

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	$1,050	$86,720	1.21%	A
3BR	$1,350	$142,502	0.95%	C
4BR	$1,380	$143,395	0.96%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,623

Median Household Income

$59,200

Housing Units

3,360

Renter Percentage

36.1%

Occupancy Rate

91.6%

Renter Occupied

1,111

Wellsville, OH, located in ZIP code 43968, is a modest-sized community with a mix of homeowners and renters. The housing market here reflects a balance between affordability and stability, making it an interesting area for real estate investment.

The Fair Market Rent (FMR) for Wellsville is set at $970 for the fiscal year 2026, indicating the rental prices are regulated to ensure affordability.
The average market rent, according to the Census American Community Survey (ACS), stands at $865, which is slightly below the FMR, suggesting that the local rental market is competitive but stable.
The median home value in Wellsville is $105,401, providing a relatively low barrier to entry for potential homeowners and investors alike.
Renters make up 36.1% of the population, showing a significant portion of the market is dedicated to rental properties.
The median household income in Wellsville is $59,200, which supports a steady demand for affordable housing options.

For investors looking to enter the Wellsville real estate market, the combination of a regulated rental price environment and a substantial renter population presents a balanced opportunity. With median home values and market rents being lower than the FMR, there's potential for rental income to be above average, while the local income levels suggest a sustainable demand for housing. This makes Wellsville a viable option for those seeking stable returns without the risks associated with highly volatile markets.

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.