Location: Preble County, OH | Metro: Preble 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 | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $177,742 | 0.57% | F |
| 3BR | $1,340 | $258,967 | 0.52% | F |
| 4BR | $1,420 | $334,508 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 45311, located in Camden, OH, presents an interesting mix for landlords and small-portfolio investors considering Section 8 tenants. With a population of 5,701, 23.3% of residents are renters, indicating a moderate rental presence rather than a heavy one. This suggests that while there is a significant number of potential Section 8 tenants, the overall demand might not be as high as in areas with higher percentages of renters.
The median household income stands at $68,555, which is crucial when assessing the affordability of housing. The market rent for the area is $837, representing approximately 12.2% of the median income. This percentage indicates that typical rent is relatively affordable for most households, but it also means that those relying on Section 8 vouchers might find the cost of living a challenge without additional support.
Comparing the market rent to the Fair Market Rent (FMR), which is set at $970 for the fiscal year 2026 in the metro area, reveals that the actual market rent is below the FMR threshold. This discrepancy can work in favor of landlords who are willing to accept Section 8 vouchers, as it leaves room for negotiation and ensures that rents remain within the reach of voucher holders.
Landlords in ZIP 45311 should anticipate a tenant pool that includes a substantial number of individuals and families who rely on Section 8 vouchers due to the lower-than-FMR market rent. These tenants will likely have incomes that are significantly below the median, making them highly dependent on government assistance to cover housing costs. It's important to note that the success of renting to these tenants hinges on their ability to contribute the required portion of their income towards rent, which typically ranges from 30% to 40% of their income.
In summary, ZIP 45311 offers a moderate opportunity for landlords interested in Section 8 tenants. While not dominated by renters, the area has a sufficient number of potential voucher users, and the market rent is well below the FMR, making it feasible for landlords to attract and retain such tenants. However, landlords must be prepared for tenants whose income is heavily reliant on government assistance, ensuring they can meet the financial obligations of their lease agreements.
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.