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 | $850 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,130 | $127,482 | 0.89% | C |
| 3BR | $1,460 | $189,642 | 0.77% | D |
| 4BR | $1,550 | $297,670 | 0.52% | F |
| 5BR | $1,798 | $378,519 | 0.48% | F |
U.S. Census Bureau data (2024)
ZIP code 44484, located in Warren, OH within Trumbull County, stands out due to its relatively high percentage of renters at 27.9%. This ZIP is home to 21,358 residents, with a median income of $63,630 and a median home value of $192,126. The rental market here is influenced significantly by the availability of housing vouchers.
The Federal Market Rent (FMR) for ZIP 44484 in fiscal year 2024 is set at $920, which is notably higher than the market rent of $856 according to the latest Census American Community Survey (ACS) data. This difference suggests that landlords participating in the Section 8 program can expect a slight premium on their rental income compared to the local market rates. The higher FMR also indicates that there might be a shortage of affordable rental units in the area, making the Section 8 program an important source of stable tenants for property owners.
Given the data signature, ZIP 44484 appears to be in a transitional phase. The rental rate increase alongside the modest median income suggests a potential shift in the local economy, possibly due to changes in industry or population dynamics. However, the high median home value implies a stable housing market for homeowners, contrasting with the challenges faced by renters. For small-portfolio investors, this ZIP presents an opportunity to tap into the subsidized housing market, but they should remain vigilant about broader economic trends that could affect both rental and home values.
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.