Section 8 Fair Market Rent (FMR) for ZIP 44637 - 2027

Location: Holmes County, OH | Metro: Coshocton County, OH

Investment Score for ZIP 44637

N/A

Monthly Rent (2BR)

$1,050

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$790
1 Bedroom	$820
2 Bedrooms	$1,050
3 Bedrooms	$1,310
4 Bedrooms	$1,470
5 Bedrooms	$1,705
6 Bedrooms	$1,910
7 Bedrooms	$2,063
8 Bedrooms	$2,166

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,310	$255,575	0.51%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,719

Median Household Income

$65,625

Housing Units

1,223

Renter Percentage

19.1%

Occupancy Rate

85.9%

Renter Occupied

201

In analyzing whether landlords should invest in ZIP code 44637 for Section 8 properties, follow these steps:

Step 1: Debt Service Coverage Ratio (DSCR)

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $1,070. To determine if this amount can cover the debt service on a property valued at $231,320, calculate the DSCR. If the monthly rental income does not sufficiently cover the mortgage payments and other expenses, investing in this ZIP code would be unwise.

Step 2: Market Rent Comparison

The Census ACS reports that the average market rent in ZIP 44637 is $739. Compare this figure to the FMR of $1,070. If the market rent is significantly lower than the FMR, it suggests that Section 8 tenants could potentially afford higher rents, making the ZIP code attractive for investment. Conversely, if the market rent is close to or exceeds the FMR, landlords might struggle to find enough tenants willing to pay the higher Section 8 rate.

Step 3: Demand Analysis

ZIP 44637 has a rental population of 19.1%. The days on market (DOM) for rentals is listed as N/A, which means there's insufficient data to gauge how quickly properties are rented out. This lack of information makes it difficult to assess the demand for rental properties in this area. However, given the percentage of renters, there is a base level of demand that must be considered.

Decision Tree:

If the $1,070 FMR clears the debt service on a $231,320 property, proceed to Step 2. Otherwise, do not invest in this ZIP code for Section 8.
If the $739 market rent is notably below the $1,070 FMR, there is potential for successful Section 8 investments. If it is close or above, it depends on the specifics of the local housing market and tenant preferences.
With 19.1% of the population being renters and no data on DOM, there is some demand for rentals. It depends on the landlord's ability to attract and retain Section 8 tenants given the rental dynamics.

Conclusion:

The decision to invest in ZIP 44637 for Section 8 properties hinges on the answers to these three questions. A positive outcome for the first two steps, combined with a reasonable assessment of demand, points towards a viable investment. However, without specific DOM data, landlords must rely on other indicators of rental market health to make an informed decision.

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.