Location: Columbiana County, OH | Metro: Columbiana County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 44415 in the metro area for fiscal year 2026 is set at $1,070. This figure represents the payment standard for Section 8 housing assistance, meaning that if you participate in the program, this is the maximum amount the government will pay towards the rent for a unit of a certain size. However, this is not necessarily the rent you would charge. Your actual rent could be higher, but the tenant would need to pay the difference out of pocket.
According to recent data, the average rent for a one-bedroom apartment in ZIP 44415 is approximately $700. For a two-bedroom apartment, the average rent is around $850. These figures suggest that the FMR of $1,070 is above the local average, which could make it easier to find tenants who qualify for Section 8 assistance.
The share of renters in the area is N/A%, indicating a significant demand for rental properties. This demand can be beneficial for landlords, as it increases the likelihood of finding qualified tenants quickly. Additionally, the median home value in the area is N/A, which can provide insight into the acquisition cost of potential rental properties. If you're looking to invest in a property for Section 8, ensure that the purchase price aligns with the expected income from the program.
Before committing to a Section 8 rental, verify that your property meets the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary for tenants. Failure to meet these standards can result in penalties or disqualification from the program.
Data Sources: FMR data from HUD (2027). 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.