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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $208,869 | 0.48% | F |
| 3BR | $1,300 | $278,092 | 0.47% | F |
| 4BR | $1,370 | $492,421 | 0.28% | F |
U.S. Census Bureau data (2024)
The market in ZIP 44452, North Lima, OH, presents a dynamic environment characterized by the interplay between federal rental standards and local rental rates. The Fair Market Rent (FMR) for the area, set at $950 for fiscal year 2024, stands notably higher than the reported market rent of $732 according to the Census American Community Survey. This discrepancy suggests that there may be an oversupply of rental units relative to demand, as landlords offer lower rents to attract tenants.
The median home value in North Lima is $279,720. While this figure provides insight into the overall cost of homeownership, the lack of data on the percentage of price-cut share and days on market (DOM) makes it challenging to determine the exact relationship between supply and demand in the rental market. However, the fact that FMR exceeds market rent indicates a potential surplus of rental properties, which could exert downward pressure on rents.
A significant 20.4% of households in North Lima are renters. This relatively high renter share can imply ongoing housing pressure, as a substantial portion of the population relies on rental housing rather than owning homes. Over the long term, a high renter share often signals a market that is less stable due to the cyclical nature of rental demand, which can fluctuate with economic conditions. It also suggests that there might be a continuous need for rental properties, indicating a market where demand for rentals could remain steady or even increase if homeownership becomes less accessible or desirable.
In conclusion, ZIP 44452 appears to be a market where supply slightly outpaces demand, particularly in the rental sector. The high renter share points towards a sustained housing pressure that landlords and small-portfolio investors must consider when evaluating the potential for rental income and property management challenges in this area.
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.