Section 8 Fair Market Rent (FMR) for ZIP 44505 - 2027

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

Investment Score for ZIP 44505

A+

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$49,753

1% Rule

2.01%

Annual Yield

24.12%

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	$49,753	2.01%	A+
3BR	$1,300	$111,451	1.17%	B
4BR	$1,370	$155,283	0.88%	C
5BR	$1,589	$192,068	0.83%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

16,764

Median Household Income

$37,538

Housing Units

7,522

Renter Percentage

48.4%

Occupancy Rate

87.3%

Renter Occupied

3,179

Youngstown, OH, specifically ZIP code 44505, is a neighborhood that offers a blend of affordability and accessibility, making it an interesting market for real estate investors looking to enter the rental sector.

The Fair Market Rent (FMR) for ZIP 44505 is set at $860 per month for fiscal year 2024, indicating the government's benchmark for affordable housing in the area.
The market rent, according to Census ACS data, stands at $644 per month, which is below the FMR but still presents opportunities for landlords to offer competitive rates while maintaining profitability.
The median home value in this ZIP code is $89,280, reflecting the overall affordability of the housing market.
Renters make up 48.4% of the population, suggesting a significant demand for rental properties.
The median income in ZIP 44505 is $37,538, which aligns with the rental pricing and indicates the economic profile of potential tenants.

In summary, the real estate market in ZIP 44505 offers a balanced opportunity for landlords and small-portfolio investors. With a lower market rent compared to the FMR, there is room to increase rents slightly above the market average without pricing out a substantial portion of the tenant base. The high renter share points to strong demand, and the relatively low median home value suggests that the area is accessible for both new and existing investors. However, the median income being on the lower side means that landlords must be cautious about setting rental prices too high, as they need to remain within reach of the majority of residents. This market is best suited for those who can offer well-maintained, competitively priced rental units to capitalize on the existing demand.

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.