Location: Erie County, OH | Metro: Erie County, OH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $1,150 for the metro area in fiscal year 2026, landlords in ZIP 44870 (Sandusky, OH) can expect to receive competitive subsidies under the Section 8 program. The Zillow Observed Rent Index (ZORI) stands at $1,390, indicating that market rents slightly exceed the FMR, which could be advantageous for landlords seeking to maximize their rental income. The median home value in the area is $176,710, making it accessible for both homeowners and investors looking to purchase properties. Renter share in the area is 39.1%, suggesting a significant portion of the population relies on rental housing, which supports a steady demand for rental units. Median income is reported at $62,082, providing insight into the financial stability of potential tenants. With an average Days on Market (DOM) of just 17 days, landlords can anticipate quick property turnover and minimal vacancy periods. Furthermore, the price-cut share is only 0.2%, implying that landlords rarely need to reduce their asking price to attract tenants, maintaining strong pricing power. Given these figures, the verdict for Section 8 participation in Sandusky, OH is positive, offering reliable rental income and low risk of vacancy.
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.