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 |
|---|---|---|---|---|
| 3BR | $1,300 | $54,009 | 2.41% | A+ |
U.S. Census Bureau data (2024)
ZIP code 44510 is predominantly a renter-heavy area, with 59.9% of the population renting their homes. Given that the total population is 2,027, this translates to approximately 1,213 renters. This high percentage of renters suggests a robust demand for rental properties, particularly those that can accommodate Section 8 tenants.
The median household income in this ZIP is $20,000, which indicates a lower-income demographic. The average market rent stands at $472 per month, representing a significant portion of the local income. To put this into perspective, typical rent consumes 28.3% of the median monthly income ($1,666.67), making it a substantial expense for residents.
Comparing the market rent to the Fair Market Rent (FMR) of $860 for FY 2024, it's evident that the actual rents are below the FMR. This discrepancy could be due to the lower-income nature of the area, where rents are naturally lower, or it could indicate a potential for higher rents if the market were to adjust to the FMR levels. However, given the income levels, landlords should be cautious about increasing rents beyond what is affordable for most tenants.
Landlords in ZIP 44510 should anticipate a tenant pool primarily composed of individuals and families relying on Section 8 housing vouchers. These vouchers help cover the difference between the tenant's contribution, which is typically 30-40% of their income, and the market rent. In this case, with the median income being so low, many tenants will likely contribute around $500-$666 per month towards rent, which is well within the range of the current market rent.
To summarize, ZIP 44510 is an area with a strong rental market and a high concentration of lower-income households. Landlords should prepare for a tenant base that heavily relies on housing assistance programs such as Section 8. While the current market rent is relatively low compared to the FMR, it aligns well with the financial capabilities of the majority of the local population.
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.