Location: Adams County, OH | Metro: Brown County, 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 | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,380 | $207,292 | 0.67% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 45101 in Adams County, Ohio, reveals several key points regarding its suitability for Section 8 real-estate investment.
The rent math does not favorably align with Section 8 parameters. The Fair Market Rent (FMR) for the zip code for fiscal year 2024 is set at $860. However, the Census ACS indicates that the current market rent is significantly lower at $588. This disparity means that landlords might struggle to cover their expenses if they rely solely on the Section 8 payment standard, which is below the actual market rate.
Acquisition in this area is relatively affordable, with a median home value of $199,279. Unfortunately, the data lacks specifics on the average days on market (DOM) and the percentage of homes needing price cuts to sell. Without these details, it's challenging to provide a comprehensive assessment of how competitive the housing market is for potential acquisitions.
Tenant demand appears to be strong in ZIP 45101. With a total population of 2,035 and 40.5% of residents being renters, there is a substantial pool of potential tenants who could benefit from Section 8 housing. This high renter share suggests a robust demand for rental properties, including those that accept Section 8 vouchers.
In conclusion, while the acquisition cost is reasonable and there is a notable demand for rentals, the rent math poses a significant challenge. The Section 8 Fair Market Rent of $860 falls short of the median home value and the current market rent, potentially leaving landlords with insufficient income to cover property costs. Therefore, investing in this ZIP code would require careful consideration of additional sources of revenue or subsidies to ensure financial viability.
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.