Location: Wayne County, OH | Metro: Cleveland, 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 | $830 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $192,377 | 0.6% | F |
| 3BR | $1,470 | $339,545 | 0.43% | F |
| 4BR | $1,590 | $417,776 | 0.38% | F |
| 5BR | $1,844 | $481,002 | 0.38% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 44273, which includes Seville, Ohio, has been set at $1020 for fiscal year 2024. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, meaning that if you participate in this program, the government will pay up to $1020 per month for a rental unit. However, it's important to note that this is not necessarily the amount that tenants will pay; rather, they typically contribute a portion of their income towards rent.
To put this into perspective, the average rent in Seville, Ohio, based on Census American Community Survey (ACS) data, is $949. This indicates that the FMR is slightly above the typical market rate, providing a potential incentive for landlords who might otherwise be hesitant to accept Section 8 vouchers.
The 8.4% renter share suggests that there is a steady demand for rental properties in the area. Given that approximately 8.4% of residents are renters, this percentage can help you gauge the size of the rental market and the likelihood of finding tenants. Additionally, the median home value in the area is around $322,772, which reflects the overall housing costs and can inform your decision regarding the acquisition price of a property intended for Section 8 rentals.
Before making a final decision to enter the Section 8 market, verify that your property meets all the required standards for habitability and safety. The government has strict guidelines to ensure that voucher recipients live in suitable conditions, and failing to meet these standards can result in penalties or disqualification from the program.
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.