Location: Youngstown-Warren, OH | Metro: Youngstown-Warren, OH MSA
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 | $800 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,370 | $224,799 | 0.61% | D |
U.S. Census Bureau data (2024)
The median income in ZIP code 44404 is $55,972. At the market rate of $922 per month for rent (as reported by the Census ACS), it would be challenging for a typical household to afford housing without significant financial strain. This market rate represents nearly 20% of the annual income, which is above the generally recommended threshold of 30% of gross income.
In comparison, the Fair Market Rent (FMR) payment standard for Section 8 vouchers in ZIP 44404 for fiscal year 2024 is set at $860 per month. This amount is closer to what a household earning the median income could comfortably afford, making it a more viable option for renters in the area.
The ZIP code has a relatively low percentage of renters at 6.6%, with a total population of 1,663. Given these numbers, the competition among landlords is likely to be moderate. However, the affordability gap between the market rate and the FMR suggests that landlords who accept Section 8 vouchers may have an advantage in attracting tenants, especially those who need assistance to meet their housing costs.
The takeaway for landlords considering whether to accept voucher tenants or focus on cash-paying tenants is clear. While the market rate of $922 might be attainable in some cases, the FMR of $860 is more aligned with the financial capabilities of the average household in ZIP 44404. Accepting Section 8 vouchers can ensure a steady stream of tenants, reduce vacancy rates, and make properties more accessible to the local community. For those who prefer higher rental income, the strategy should involve targeting the smaller segment of households capable of paying the market rate, recognizing the potential for increased competition and vacancy periods.
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.