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 | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,350 | $276,823 | 0.49% | F |
U.S. Census Bureau data (2024)
The ZIP code 44418 is situated in an area with a population of 1,508 individuals, where only 9.8% are renters. This indicates that the majority of residents in this ZIP code are homeowners rather than tenants, suggesting a relatively homeowner-dominated environment. The median household income in this area is notably high at $121,378, which contrasts with the average market rent of $718.
To understand the economic impact on potential tenants, consider that the typical rent consumes approximately 6% of the local median income. This percentage is calculated based on the average market rent being about $718 and the median household income being $121,378. In other words, a household earning the median income would spend less than one-sixth of their monthly earnings on rent, indicating that the cost of renting is relatively affordable compared to the income levels in this area.
The Fair Market Rent (FMR) for ZIP 44418, set at $910 for FY 2024, provides a benchmark against which market rents can be measured. At $718, the market rent is below the FMR, suggesting that rental properties in this area may offer some financial relief to those relying on housing vouchers. However, given that only 9.8% of the population are renters, the demand for vouchers is likely to be shallow rather than deep, making it less favorable for landlords who are looking to attract tenants using Section 8 vouchers.
In terms of the kind of tenant profile landlords in ZIP 44418 should expect, they will likely encounter individuals or families who have a higher income relative to the national average but still find renting to be a financially viable option. These tenants are likely to be well-suited to manage their finances and meet the responsibilities of tenancy, given the relatively low proportion of their income that goes towards rent. However, landlords seeking to exclusively cater to Section 8 voucher holders might face challenges due to the limited number of renters and the lower market rent compared to the FMR.
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.