Location: Darke County, OH | Metro: Darke County, OH
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 | $830 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $142,029 | 0.7% | D |
| 3BR | $1,350 | $205,641 | 0.66% | D |
| 4BR | $1,350 | $248,335 | 0.54% | F |
U.S. Census Bureau data (2024)
A skeptical investor might question whether the Fair Market Rent (FMR) of $970 for ZIP 45303 (Ansonia, OH) in fiscal year 2026 can adequately cover the mortgage on a home priced at $180,805. This concern is valid; however, it's important to note that the FMR reflects the rental market, while the mortgage burden is tied to the purchase price. According to Zillow, the average home value in 45303 is currently $174,939, suggesting a slight premium on the home in question. To accurately assess if the FMR will cover the mortgage, one must consider the prevailing interest rates and loan terms.
The second objection could be the relatively low renter demand in Ansonia, OH, represented by the 24.2% share of renters. This percentage does indicate a smaller pool of potential tenants compared to areas with higher percentages. However, it's worth noting that the rental market in 45303 is robust, with the majority of rentals being 2-bedroom units renting for $300-$499 per month including utilities. Larger units typically rent for $500-$749 per month. These figures suggest that despite the lower percentage of renters, there is still a significant demand for affordable housing, which aligns well with the market rents.
Lastly, an investor might be concerned about whether housing vouchers will keep pace with the market rents, which are currently around $722. While voucher amounts can vary widely based on local regulations and federal funding, it's critical to understand that they are designed to support affordability. The United States Department of Housing and Urban Development (HUD) periodically adjusts voucher amounts to reflect changes in the cost of living and market conditions. However, specific data on how closely HUD vouchers match the market rents in ZIP 45303 is not readily available from the sources provided. It would be prudent to consult local HUD offices or review recent adjustments to get a clearer picture.
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.