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 | $760 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $163,298 | 0.61% | D |
| 3BR | $1,300 | $245,308 | 0.53% | F |
| 4BR | $1,370 | $326,895 | 0.42% | F |
| 5BR | $1,589 | $350,643 | 0.45% | F |
U.S. Census Bureau data (2024)
The ZIP code 44410, located in Cortland, OH, hosts a population of 15,992 residents. Among these, 19.5% are renters, indicating a moderate rental market presence. The median household income in this area stands at $70,385, which provides a baseline for understanding the economic landscape.
Average market rent in ZIP 44410 is $793 per month. This represents approximately 14.6% of the median household income when annualized, suggesting that rent is a significant but manageable portion of the income for most households. For context, the Fair Market Rent (FMR) for the area is set at $880 per month for FY 2024, indicating that the actual market rent is slightly below this benchmark.
The relatively low percentage of renters compared to homeowners means that while there is a demand for rental properties, it may not be as deep as in areas with higher percentages of renters. However, the presence of Section 8 voucher holders can still provide a steady stream of tenants who are able to afford living in the area due to government assistance.
To determine the depth of voucher demand, we need to analyze the relationship between the market rent and the FMR. With the actual market rent being $793 and the FMR at $880, landlords can expect that voucher holders have a budget that exceeds the typical market rent, allowing them to potentially cover additional costs such as utilities or security deposits. This suggests that landlords could see a competitive tenant pool among those utilizing Section 8 vouchers.
In ZIP 44410, landlords should anticipate a mix of tenants, including those with Section 8 vouchers. These tenants will likely be economically disadvantaged, relying on federal housing assistance to secure their living arrangements. Despite the voucher support, landlords must ensure that their rental properties meet the necessary standards to qualify for the program, thus attracting a reliable group of tenants who are committed to maintaining their homes and adhering to lease agreements.
In conclusion, while ZIP 44410 is not dominated by renters, it offers a viable market for landlords looking to attract Section 8 tenants. The economic conditions suggest that voucher holders can comfortably afford the average market rent, making this ZIP code a stable investment opportunity for those willing to navigate the requirements of the Section 8 program.
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.