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 | $940 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $176,691 | 0.68% | D |
| 3BR | $1,510 | $222,407 | 0.68% | D |
| 4BR | $1,820 | $250,828 | 0.73% | D |
U.S. Census Bureau data (2024)
In Monroeville, OH (ZIP 44847), the real estate market presents a nuanced landscape for both landlords and small-portfolio investors. The median home value stands at $205,639, indicating a relatively affordable market. However, the absence of percentage data on listings that have been reduced and the median days on market (DOM) suggest stability rather than active price negotiation or rapid turnover. This points to a buyer's market where pricing power is limited, implying that landlords and investors should be cautious about increasing rents or property values too aggressively.
The Federal Market Rent (FMR) for the metro area, projected at $1,150 for fiscal year 2026, contrasts with the current market rent of $1,000. This suggests an upward trend in rental rates, driven by federal standards. Landlords can leverage this information to gradually adjust their rents closer to the FMR without alienating tenants, as the increase aligns with broader federal guidelines. Small-portfolio investors should also consider this trajectory when setting initial rents or negotiating lease renewals.
For long-term investors, the setup implies a modest appreciation thesis. Given the stable median home value and the gradual increase in rental rates, the potential for capital appreciation is present but not robust. Investors should focus on steady cash flow from rental income rather than rapid property value increases. The market signals a conservative approach to investment, favoring those who can maintain properties and manage tenants effectively over those seeking speculative gains.
Landlords and investors should monitor local economic indicators and housing demand closely. If employment growth or migration trends support increased demand for housing, this could shift the balance towards greater pricing power and faster appreciation. Conversely, if the local economy stagnates or declines, the affordability of homes may become a double-edged sword, attracting buyers but also increasing competition and potentially reducing profit margins.
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.