Section 8 Fair Market Rent (FMR) for ZIP 44430 - 2027

Location: Youngstown-Warren, OH | Metro: Youngstown-Warren, OH MSA

Investment Score for ZIP 44430

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$86,258

1% Rule

1.16%

Annual Yield

13.91%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,000	$86,258	1.16%	B
3BR	$1,300	$141,385	0.92%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,827

Median Household Income

$51,380

Housing Units

1,393

Renter Percentage

24.0%

Occupancy Rate

90.8%

Renter Occupied

304

The Leavittsburg, OH area, represented by ZIP code 44430, offers a modest living environment with easy access to nearby urban centers, making it a viable option for both tenants and investors. The local real estate market reflects a balance between affordability and stability, which can be attractive to those looking for a steady investment opportunity.

The Fair Market Rent (FMR) for a two-bedroom apartment in Leavittsburg, OH for fiscal year 2024 is set at $860.
The average market rent for the same unit type, according to the Census Bureau's American Community Survey, stands at $813.
The median home value in the area is $112,246, indicating that the housing stock is relatively affordable compared to other regions in Ohio.
Renters make up 24.0% of the local population, suggesting a moderate demand for rental properties.
The median household income in Leavittsburg, OH is $51,380, providing insight into the financial capacity of potential tenants.

Given the data, Leavittsburg presents a stable yet moderately priced real estate market for small-portfolio investors. With the Fair Market Rent slightly above the actual market rent, there is room for price adjustment without significantly outpricing the local tenant pool. The median home value suggests that property acquisition costs could be manageable, while the median income indicates that tenants generally have the means to pay rent within the established FMR range. However, the relatively low renter share implies that competition for tenants might exist, necessitating well-maintained properties and competitive pricing strategies to attract and retain renters. Overall, Leavittsburg offers a balanced market with opportunities for steady returns, though investors should remain vigilant about local economic conditions and trends.

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.