Location: Ashtabula County, 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 | $810 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,160 | $222,028 | 0.52% | F |
| 3BR | $1,420 | $276,929 | 0.51% | F |
| 4BR | $1,620 | $389,465 | 0.42% | F |
U.S. Census Bureau data (2024)
ZIP code 44084, located in Rock Creek, OH, is situated within the Ashtabula County, OH HUD Metro FMR Area. The Fair Market Rent (FMR) for this area in fiscal year 2026 is set at $1,150. Comparatively, the market rent in ZIP 44084 stands at $992, which is lower than the FMR but still indicative of rental demand.
The median home value in ZIP 44084 is $270,439. This figure is consistent with the overall housing values seen in the Ashtabula County, OH HUD Metro FMR Area, suggesting that 44084 is neither a value pocket nor a premium sub-market, but rather a mid-tier neighborhood within its metro.
The renter share in ZIP 44084 is 13.5%, which is a moderate percentage. Typically, higher renter shares can indicate a greater presence of Section 8 tenants. However, given that the home values in 44084 are not significantly below the metro average, it does not signal a strong Section 8 sweet spot based on the provided data.
To summarize, ZIP 44084 presents itself as a mid-tier neighborhood within the Ashtabula County, OH HUD Metro FMR Area. Its market rent is slightly below the FMR, and the median home value aligns well with the county's averages. The renter share is moderate, and there is no clear indication of it being a prime location for Section 8 investments due to the alignment of its home values with the broader metro area.
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.