Location: Mansfield, OH | Metro: Mansfield, OH MSA
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 | $750 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,070 | $67,023 | 1.6% | A+ |
| 3BR | $1,420 | $77,519 | 1.83% | A+ |
| 4BR | $1,650 | $89,564 | 1.84% | A+ |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 44902, Mansfield, Ohio, in fiscal year 2024 is set at $860. This figure represents the maximum amount the U.S. Department of Housing and Urban Development (HUD) will pay for a Section 8 rental unit in this area. It's important to note that this is not the rent you would charge your tenants; it's the payment standard HUD uses to reimburse landlords.
In comparison, the average rent for ZIP 44902, according to the latest Census American Community Survey (ACS), is $865. This suggests that the market rent is slightly above the FMR, indicating a tight rental market where landlords might have some flexibility in setting rents. However, remember that the reimbursement rate for Section 8 participants is capped at $860, so any rent over this amount must be paid by the tenant.
The 72.0% renter share in ZIP 44902 indicates a high demand for rental properties. With such a significant portion of the population renting, there is a strong likelihood that your property will be occupied if you decide to participate in the Section 8 program. This can provide steady income, though it comes with the requirement of maintaining your property to certain standards set by HUD.
When considering the acquisition cost of a property in ZIP 44902, the median household income of $71,347 is a key factor. This figure helps determine the affordability of housing for potential tenants and the overall economic health of the area. If you're looking to purchase a property, keep in mind that homes in this ZIP code should be priced accordingly to ensure they remain affordable for Section 8 participants.
Before proceeding with a Section 8 rental in ZIP 44902, verify that your property meets all the necessary requirements for participation in the program. This includes ensuring the unit passes a housing quality standards (HQS) inspection and that the rent does not exceed the established FMR. By confirming these details, you can ensure a smooth transition into the Section 8 program and avoid any potential issues that could arise from non-compliance.
In summary, the FMR of $860 provides a benchmark for the reimbursement rate, while the local average rent of $865 and the high renter share of 72.0% indicate a strong demand for rental properties. The median household income of $71,347 can guide you on pricing your property appropriately. To succeed in the Section 8 program, ensure your property complies with HUD's HQS and rent regulations.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.