Location: Youngstown-Warren, OH | Metro: Ashtabula 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 | $710 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $180,152 | 0.56% | F |
| 3BR | $1,240 | $236,160 | 0.53% | F |
| 4BR | $1,400 | $295,725 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 44076, located in Orwell, OH, presents a dynamic housing market influenced by current economic conditions and landlord-investor strategies. The Fair Market Rent (FMR) for the area stands at $860 for the fiscal year 2024, while the market rent, as per the Census American Community Survey (ACS), is slightly lower at $837. This indicates that the rental market is competitive, but not excessively so, as rents are close to the benchmark set by the government.
The median home value in Orwell, OH, is $227,165. This figure suggests that the area is attractive for both homeownership and rental investments, given the relatively affordable property values. However, the lack of data on the percentage of price-cut share and days on market (DOM) makes it challenging to definitively conclude whether supply outpaces demand or vice versa. In markets where there is an abundance of supply, landlords often have to offer discounts to attract tenants, which would typically show up as a higher price-cut share and longer DOM periods.
With a 25.6% renter share, Orwell, OH, demonstrates a significant portion of the population choosing to rent rather than own. This percentage points towards a steady demand for rental properties, indicating that there could be long-term housing pressure. Landlords and small-portfolio investors should consider this statistic as it implies a consistent need for rental units, potentially offering stable returns over time.
The closeness between the FMR and market rent also suggests that the rental market is well-regulated and closely follows the federal guidelines. For investors looking to enter this market, aligning their rental pricing with these benchmarks will ensure they remain competitive and comply with local regulations.
In summary, ZIP 44076 is a market characterized by a balance between affordability and demand. The rental market appears to be stable, with a significant number of renters contributing to long-term housing pressure. This environment provides opportunities for investors to capitalize on the steady demand for rental properties without the risk of oversupply.
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.