Location: Huron 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 | $1,030 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $1,900 |
| 5 Bedrooms | $2,204 |
| 6 Bedrooms | $2,468 |
| 7 Bedrooms | $2,665 |
| 8 Bedrooms | $2,798 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,350 | $206,707 | 0.65% | D |
| 3BR | $1,700 | $291,330 | 0.58% | F |
| 4BR | $1,900 | $397,039 | 0.48% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 44846, Milan, OH, is set at $1,240 for the metro area fiscal year 2026. This figure represents the payment standard for Section 8 housing vouchers, meaning it is the maximum amount that the government will pay toward rent for a unit in this area. However, this does not mean your rent should be exactly $1,240; rather, it's the upper limit for reimbursement.
In comparison, the average rent in ZIP 44846 is $947, according to the latest Census American Community Survey (ACS) data. This indicates that the FMR is higher than the typical market rate, which could be beneficial if you're looking to maximize your income from a Section 8 rental.
The 15.0% share of renters in the area suggests there is a moderate demand for rental properties. Given the FMR is above the average rent, it implies that there might be a good number of tenants who would benefit from the subsidy, making it easier to fill vacancies.
If you're considering acquiring a property for a Section 8 rental, the median home value in the area is around $280,100. This can help you estimate the potential acquisition cost and whether it aligns with your investment goals.
Before proceeding with a Section 8 rental, one crucial step is to verify the physical condition of the property against HUD’s Housing Quality Standards (HQS). Ensure that your property meets these standards, as failing to do so could result in penalties or disqualification from the program.
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.