Section 8 Fair Market Rent (FMR) for ZIP 44818 - 2027

Location: Seneca County, OH | Metro: Crawford County, OH

Investment Score for ZIP 44818

Monthly Rent (2BR)

$1,040

Median Price (2BR)

$149,576

1% Rule

0.7%

Annual Yield

8.34%

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	$810
1 Bedroom	$820
2 Bedrooms	$1,040
3 Bedrooms	$1,280
4 Bedrooms	$1,370
5 Bedrooms	$1,589
6 Bedrooms	$1,780
7 Bedrooms	$1,922
8 Bedrooms	$2,018

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
2BR	$1,040	$149,576	0.7%	D
3BR	$1,280	$203,939	0.63%	D
4BR	$1,370	$228,180	0.6%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,989

Median Household Income

$63,922

Housing Units

843

Renter Percentage

18.5%

Occupancy Rate

96.7%

Renter Occupied

151

The ZIP code 44818, located in Bloomville, OH, is home to a population of 1,989 individuals. With 18.5% of residents being renters, it indicates that this area is primarily dominated by homeowners rather than renters. This suggests that the demand for rental properties, especially those catering to Section 8 tenants, is relatively low compared to more renter-heavy areas.

The median household income in Bloomville stands at $63,922. The market rent for the area is $868 per month, which represents approximately 17.2% of the median monthly income when calculated from the annual median income. This percentage is derived from dividing the annual median income by 12 and then calculating the proportion that the market rent constitutes. For comparison, the Fair Market Rent (FMR) for the area, set at $970 per month for fiscal year 2026, is slightly higher than the current market rent.

In terms of tenant profiles, landlords in ZIP 44818 can expect a mix of low-income families who may be eligible for Section 8 vouchers and other renters who might not rely on government assistance. However, due to the lower percentage of renters and the relatively high median income, the number of potential Section 8 tenants is likely to be smaller than in areas with a higher concentration of renters.

To put this into perspective:

Market Rent vs. Income: At $868, the average rent eats up 17.2% of the median monthly income, which is reasonable and typically sustainable for most households.
Fair Market Rent Comparison: The FMR of $970 is higher than the current market rent, indicating that there could be room for slight rent increases without making the housing unaffordable.
Tenant Profile Expectation: Landlords will mostly encounter tenants who are capable of paying market rates without assistance, but some low-income families seeking Section 8 vouchers may also be present.

Given these factors, landlords in Bloomville should prepare for a rental market that is less dependent on Section 8 vouchers and more focused on attracting tenants who can afford market-rate rents. This environment supports a steady rental income but limits the pool of potential tenants reliant on government subsidies.

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.