Location: Wayne County, OH | Metro: Holmes County, OH
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 | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $188,080 | 0.54% | F |
| 3BR | $1,240 | $256,845 | 0.48% | F |
| 4BR | $1,430 | $350,335 | 0.41% | F |
U.S. Census Bureau data (2024)
ZIP code 44676, located in Shreve, Ohio, represents a modest-sized community with a total population of 4,914 residents. Only 14.5% of these residents are renters, indicating a predominantly owner-occupied area. The median household income in this ZIP code stands at $75,738, reflecting a middle-class neighborhood where financial stability is a common trait among its inhabitants. The median home value of $247,531 further supports this characterization, showing that homes here are neither excessively expensive nor cheap.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 44676 is set at $990 for the fiscal year 2026, which is notably higher than the current market rent of $812, according to Census ACS data. This discrepancy suggests an opportunity for landlords and small-portfolio investors who can leverage the higher FMR to attract Section 8 tenants, thereby securing a steady stream of rental income. However, the relatively low percentage of renters indicates that there might be limited demand for rental properties, which could impact the ability to fully utilize the Section 8 program.
Considering the characteristics of ZIP 44676, it appears better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The stable income levels and moderate home values suggest a market where maintaining properties and collecting consistent rental income is feasible without extensive renovation or management efforts. For those interested in a passive investment strategy, this ZIP code offers a reliable environment where Section 8 subsidies can ensure occupancy rates remain high, despite the overall lower demand for rentals.
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.