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 | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,350 | $174,144 | 0.78% | D |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 45330 are defined by the SAFMR (Small Area Fair Market Rent) which stands at $1,050 for a two-bedroom apartment during fiscal year 2026. This figure is notably higher than the local market rent, which averages $825 according to the Census ACS. To understand how these numbers translate into actual payments for landlords, it's important to break down the components involved.
A Section 8 voucher covers the difference between the tenant’s portion and the SAFMR. Typically, the tenant is expected to pay 30% of their adjusted income towards rent. For simplicity, let's assume an average adjusted income of $2,000 per month. The tenant would then pay $600 ($2,000 x 0.30).
This means the voucher would cover the remaining $450 to reach the SAFMR of $1,050.
In addition to the rent subsidy, there is also an allowance for utilities. These vary but can be estimated around $200 per month for a two-bedroom unit.
Thus, the total amount a landlord receives from a Section 8 voucher for a two-bedroom apartment in ZIP 45330 would be approximately $650 ($450 rent subsidy + $200 utility allowance).
Given the local market rent of $825, this leaves a shortfall of $175 per month for landlords renting at market rates. Conversely, if a landlord charges less than the SAFMR, say $900, they would receive a full $650 from the voucher plus $250 from the tenant, covering the entire rent without any gap.
The SAFMR being set specifically for ZIP 45330 means that this rate applies uniformly across the zip code, ensuring consistency in rental subsidies regardless of location within the area. However, it does not account for individual variations in property value or condition.
To summarize, landlords in ZIP 45330 who participate in the Section 8 program for a two-bedroom apartment will typically receive $650 from the voucher, leaving a potential gap of $175 compared to the average local market rent of $825. This gap must be considered when deciding whether to accept Section 8 vouchers for rental properties.
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.