Location: Erie County, OH | Metro: Erie County, 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 | $920 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $970 | $224,702 | 0.43% | F |
| 2BR | $1,210 | $268,140 | 0.45% | F |
| 3BR | $1,520 | $313,700 | 0.48% | F |
| 4BR | $1,690 | $422,803 | 0.4% | F |
| 5BR | $1,960 | $521,743 | 0.38% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 44839, Huron, OH, set at $1,090 for metro FY 2026, represents the payment standard under the Section 8 Housing Choice Voucher program. This means that if you participate in the program, the government will pay up to $1,090 per month for a standard unit in this area, depending on the voucher holder's income and contribution percentage.
In comparison, the average rent for ZIP 44839 is currently $905 according to Census ACS data. This suggests that the FMR under Section 8 is higher than the market average, providing a potential opportunity for landlords to receive a slightly above-average rent payment for units in this ZIP code.
The demand for rentals in Huron, OH, is supported by the fact that 16.6% of the population are renters. This indicates a significant portion of the community relies on rental housing, which can translate into a steady stream of tenants interested in Section 8 vouchers.
When considering the acquisition cost of a property, the median home value in the area is approximately $296,920. This figure should be used to evaluate the initial investment required to enter the Section 8 market in Huron, OH. It's important to note that the acquisition cost does not directly affect the monthly rent payments but does play a role in determining the overall profitability of the investment over time.
Before making a decision to accept Section 8 tenants, it is crucial to verify that your property meets the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary. Failure to meet these standards could result in non-payment or termination of the contract, so ensuring compliance is key to avoiding any issues down the line.
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.