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 | $700 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $134,363 | 0.75% | D |
| 3BR | $1,340 | $186,114 | 0.72% | D |
| 4BR | $1,560 | $265,186 | 0.59% | F |
U.S. Census Bureau data (2024)
Mansfield, OH's ZIP code 44907 is a modest-sized community with a population of 16,349 residents. Over 46.3% of the inhabitants are renters, indicating a significant demand for rental properties in the area. The median household income stands at $48,008, reflecting a middle-class neighborhood where many residents rely on affordable housing options. The median home value in the area is $170,709, suggesting that homeownership is accessible to a broad segment of the population.
Transitioning into the economic dynamics of renting, the Fair Market Rent (FMR) for ZIP 44907 as of the fiscal year 2024 is set at $860. This is slightly above the market rent, which is measured at $831 (ZORI). This difference highlights a potential opportunity for landlords and small-portfolio investors who can leverage the Section 8 program to ensure stable rental income, even if it means accepting a slight discount compared to the FMR.
Given the demographic and economic profile of ZIP 44907, the area is well-suited for both hands-off voucher operators and hands-on value-add buyers. For those looking for a low-maintenance investment strategy, the steady demand for rental properties and the availability of the Section 8 program provide a reliable stream of income. However, for investors willing to engage more actively, there might be opportunities to improve property values and rents by enhancing the quality of housing units, thus capturing the higher end of the rental market or potentially exceeding the FMR rates through non-voucher rentals.
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.