Section 8 Fair Market Rent (FMR) for ZIP 44511 - 2027
Location: Youngstown-Warren, OH | Metro: Youngstown-Warren, OH MSA
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $760 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$56,880
Housing Authorities Serving ZIP 44511
To determine if you should invest in ZIP 44511 (Youngstown, OH) for Section 8 properties, follow these steps:
- Does FMR $860 (zip FY 2024) clear debt service on a $151,718 property?
- Yes: The Fair Market Rent (FMR) of $860 can cover the debt service, assuming your financing terms allow for this. For a property valued at $151,718, the FMR should be sufficient if the monthly mortgage payment is below $860.
- No: If the debt service exceeds $860, then this area is not financially viable for Section 8 tenants. You need to ensure that the FMR covers at least the mortgage and other fixed costs to break even.
- Is market rent $1,215 (ZORI) above, at, or below FMR?
- Above: With a Zillow Rent Index (ZORI) of $1,215, the market rent is significantly higher than the FMR of $860. This suggests that landlords might prefer market-rate tenants over Section 8, reducing the pool of available properties for Section 8 vouchers.
- At: If market conditions change and ZORI equals the FMR, competition between Section 8 and market-rate tenants would be balanced. However, based on current data, this scenario does not apply.
- Below: If market rent were to drop below $860, Section 8 tenants would be more attractive, but the current ZORI of $1,215 indicates otherwise.
- Are 21.4% renters + 21-day DOM enough demand?
- It Depends: A rental rate of 21.4% means that slightly more than one-fifth of the population rents their homes. While this percentage is not exceptionally high, the demand for rental properties could still be strong if there are enough vacancies. A 21-day Days on Market (DOM) is relatively short, indicating that properties are being rented out fairly quickly. However, this must be weighed against the number of Section 8 vouchers in circulation and how many are actively seeking housing.
In conclusion, investing in ZIP 44511 for Section 8 properties hinges on your ability to finance a property where the monthly mortgage payment is less than $860. Additionally, the higher market rent suggests preference for non-Section 8 tenants, which could limit opportunities. Lastly, the rental demand is moderate, with quick turnover, but the ultimate viability depends on the local supply of Section 8 vouchers.
Data Sources: FMR data from HUD (2027). 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.