Section 8 Fair Market Rent (FMR) for ZIP 44805 - 2027

Location: Ashland County, OH | Metro: Mansfield, OH MSA

Investment Score for ZIP 44805

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$176,149

1% Rule

0.57%

Annual Yield

6.81%

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	$840
2 Bedrooms	$1,000
3 Bedrooms	$1,340
4 Bedrooms	$1,450
5 Bedrooms	$1,682
6 Bedrooms	$1,884
7 Bedrooms	$2,035
8 Bedrooms	$2,137

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
1BR	$840	$118,181	0.71%	D
2BR	$1,000	$176,149	0.57%	F
3BR	$1,340	$248,113	0.54%	F
4BR	$1,450	$322,076	0.45%	F
5BR	$1,682	$398,529	0.42%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

30,805

Median Household Income

$68,299

Housing Units

13,357

Renter Percentage

28.0%

Occupancy Rate

91.6%

Renter Occupied

3,422

Ashland, OH, located in Ashland County, offers a stable environment for real estate investment, particularly for those interested in Section 8 housing. The area is known for its strong community presence and educational institutions, which contribute to a steady demand for rental properties.

The Fair Market Rent (FMR) for ZIP 44805 is set at $930 per month for fiscal year 2024, indicating the maximum amount that can be charged for a Section 8 voucher holder.
The market rent, as measured by Zillow's ZORI, stands at $875 per month, suggesting that there is a slight premium for Section 8 properties compared to the general market.
The median home value in Ashland is $226,898, providing a solid foundation for property values and potential appreciation over time.
Renters make up 28.0% of the population, showing a significant portion of the market that relies on rental housing, including Section 8.
The Days on Market (DOM) for rental listings is 8 days, reflecting a brisk pace of occupancy and a competitive market for landlords.
The median household income is $68,299, ensuring that residents have sufficient financial stability to meet their rental obligations.

Investors in Ashland, OH, can expect a favorable market for Section 8 properties, with a slightly higher FMR than the average market rent. The relatively high median home value supports the overall economic health of the area, while the substantial renter share indicates a robust demand for affordable housing. A short DOM suggests efficient turnover rates, and the median income provides assurance regarding the ability of tenants to pay rent consistently. These factors combine to present a promising investment opportunity for those considering entry into the Ashland rental market.

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.