Section 8 Fair Market Rent (FMR) for ZIP 44093 - 2027

Location: Youngstown-Warren, OH | Metro: Ashtabula County, OH HUD Metro FMR Area

Investment Score for ZIP 44093

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$149,761

1% Rule

0.67%

Annual Yield

8.01%

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	$700
1 Bedroom	$810
2 Bedrooms	$1,000
3 Bedrooms	$1,230
4 Bedrooms	$1,400
5 Bedrooms	$1,624
6 Bedrooms	$1,819
7 Bedrooms	$1,965
8 Bedrooms	$2,063

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,000	$149,761	0.67%	D
3BR	$1,230	$213,107	0.58%	F
4BR	$1,400	$249,110	0.56%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,256

Median Household Income

$74,808

Housing Units

754

Renter Percentage

18.2%

Occupancy Rate

73.5%

Renter Occupied

101

Williamsfield, OH, located in Ashtabula County, is a small community with a population of around 1,500 residents. The area offers a mix of suburban and rural living, making it attractive to both families and individuals seeking a quieter lifestyle outside the urban hustle. With a strong local economy and steady housing demand, Williamsfield presents a viable investment opportunity for landlords and small-portfolio investors looking to enter the real estate market.

The Fair Market Rent (FMR) for a two-bedroom apartment in Williamsfield for fiscal year 2024 is set at $860.
The average market rent for properties, according to the latest Census American Community Survey (ACS), stands at $745.
The median home value in the area is $175,325, reflecting a moderate cost of living.
Renters make up 18.2% of the local housing market, indicating a smaller but stable demand for rental properties.
The median household income in Williamsfield is $74,808, which supports the ability of residents to afford higher rents or home values.
The days on market (DOM) for rental listings is currently N/A, suggesting that there may be limited data available or a quick turnaround for rented properties in the area.

Investors considering entering the Williamsfield market should note the discrepancy between the Fair Market Rent and the actual market rent, which indicates potential for modest rent increases. The relatively low median home value and moderate renter share suggest a balance between homeownership and rental demand, creating opportunities for both property purchases and rental investments. Given the median income levels, tenants are likely to have the financial stability needed to meet rent obligations. However, the lack of data on days on market implies that rental properties may be in high demand, turning over quickly once listed. Overall, Williamsfield provides a stable environment for real estate investments, with room for growth in rental pricing without significant risk.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.