Section 8 Fair Market Rent (FMR) for ZIP 44861 - 2027
Location: Seneca County, OH | Metro: Seneca County, OH
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $810 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To decide whether you should buy in ZIP code 44861 for Section 8 investments, follow this decision tree:
- Does FMR $1,030 (metro FY 2026) clear debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not invest in this ZIP code for Section 8 properties, as the Fair Market Rent (FMR) does not cover the cost of debt service.
- Is market rent above, at, or below FMR?
- If market rent is above FMR: This indicates a potential for higher returns if you can secure non-Section 8 tenants, but focus remains on the ability to clear debt service.
- If market rent is at FMR: The investment aligns perfectly with the rental support provided by the Section 8 program, making it a straightforward choice if the first condition is met.
- If market rent is below FMR: There's little to no upside in renting to non-Section 8 tenants, which makes the investment less attractive unless other factors such as location or property type compensate.
- Are 0.0% renters + N/A-day DOM enough demand?
- If the percentage of renters is low and days on market (DOM) is high: Demand is insufficient. Relying on a low percentage of renters and long DOM periods suggests that finding tenants, even under the Section 8 program, will be challenging.
- If the percentage of renters is substantial and DOM is short: There is enough demand to consider investing, provided the previous conditions about FMR and debt service are favorable.
The key to investing in ZIP 44861 for Section 8 properties lies in ensuring that the FMR of $1,030 can cover your debt service costs. Additionally, understanding the local rental market and tenant demand is crucial for a successful investment. Without specific data on market rent and the percentage of renters, along with the days on market, it's difficult to make a definitive recommendation. However, if the FMR does not clear debt service, the answer is a clear no. If the market rent is aligned with FMR and there is sufficient tenant demand, then the answer could be yes.
Data Sources: FMR data from HUD (2027). 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.