Location: Marion County, OH | Metro: Columbus, OH HUD Metro FMR Area
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 | $840 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $860 | $88,279 | 0.97% | C |
| 2BR | $1,030 | $131,620 | 0.78% | D |
| 3BR | $1,340 | $188,162 | 0.71% | D |
| 4BR | $1,380 | $245,419 | 0.56% | F |
U.S. Census Bureau data (2024)
In ZIP code 44833, located in Galion, OH, the HUD Fair Market Rent (FMR) for fiscal year 2024 is set at $1050. This figure represents the 40th percentile rent in the area. In comparison, the market rent based on Census ACS data is $823, indicating a significant gap between the two figures.
Voucher tenants in this region can cashflow comfortably at the FMR rate. Given the market rent is substantially lower at $823, landlords can expect a positive cash flow when renting to Section 8 tenants at the HUD FMR. This is especially true considering the median home value in the area is $170,978, leading to a favorable rent-to-price ratio.
The data does not provide specific median days on market (DOM) or the percentage of price cuts. However, these factors are less critical in the context of the strong rent-to-price ratio. The stability of the housing market and the consistent demand for rental properties make this area attractive for investors seeking steady cash flow.
The strongest angle for investors in ZIP 44833 is cashflow. With the HUD FMR significantly above the market rent, landlords can expect a reliable and positive cash flow from Section 8 tenants without compromising on unit quality.
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.