Location: Ashland County, OH | Metro: Cleveland, 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 | $810 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $242,653 | 0.45% | F |
| 3BR | $1,390 | $312,809 | 0.44% | F |
| 4BR | $1,560 | $347,031 | 0.45% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) set at $950 for ZIP code 44880 in Sullivan, OH, for fiscal year 2024, landlords can expect to receive this amount per unit under the Section 8 program. Despite the N/A market rent data, which suggests limited availability of recent rental data, the median home value stands at $287,706, indicating a stable housing market. The 10.8% renter share reflects the portion of the population that is likely to be interested in rental properties, including those participating in government assistance programs. Landlords should note that the median income in the area is $69,505, which could influence the demand for affordable housing options. Although the Days on Market (DOM) and the percentage of price-cut share are marked as N/A, suggesting incomplete data, the overall economic indicators point towards a steady demand for rental units.
The $950 FMR is a key figure for landlords considering participation in the Section 8 program. It ensures a predictable income stream, even if the local market rent data is sparse. With a median home value of $287,706, property values in the area are relatively stable, making investment in rental properties a safe bet. The 10.8% renter share, while not overwhelming, still represents a significant portion of potential tenants who may qualify for Section 8 vouchers. The median income of $69,505 indicates that there is enough financial stability among residents to support rental markets, especially those catering to lower-income households through government subsidies.
Despite the lack of specific data on DOM and price-cut shares, the overall economic health of the area supports the viability of rental investments. The presence of the Section 8 program, with its guaranteed payment structure, can help mitigate risks associated with vacancy rates and non-payment. Given the economic conditions and the program's FMR, landlords in ZIP 44880 can confidently offer their properties under Section 8, knowing they will receive a stable rental income of $950 per month for a standard unit.
Verdict: ZIP 44880 presents a solid opportunity for Section 8 landlords and small-portfolio investors with a stable median home value and predictable FMR payments.
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.