Location: Shelby County, OH | Metro: Shelby 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 | $790 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,410 | $311,598 | 0.45% | F |
U.S. Census Bureau data (2024)
9.0% of the population in ZIP 45333 rents their homes, indicating a smaller but present demand for rental properties. With a median income of $63,906, residents have the financial capacity to afford housing costs, though it's important to note that this figure includes both renters and homeowners. For those interested in the rental market, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,050, which represents the maximum amount that a Section 8 voucher holder can pay for rent. This contrasts with the actual market rent of $1,177, as reported by the Census American Community Survey (ACS), suggesting that there is a slight premium for market-rate rentals over what the government subsidizes.
The median home value in ZIP 45333 stands at $289,797, reflecting the overall cost of property in the area. While this figure is indicative of the local real estate market, it does not directly impact the rental market dynamics. However, it can influence the perception of property values and the potential resale market for investment properties. Given the absence of specific data on days on market (DOM) and the percentage of price-cut share, it's challenging to provide insights into how quickly properties sell or the frequency of price reductions. Nonetheless, the current economic indicators suggest stability in the housing market.
In conclusion, for landlords and small-portfolio investors considering ZIP 45333, the disparity between the $1,050 FMR and the $1,177 market rent highlights a potential opportunity to serve both subsidized and unsubsidized tenants. The relatively low renter share of 9.0% and the median income of $63,906 indicate that while the rental market is not saturated, it offers a steady stream of potential tenants who can afford the $1,050 FMR. The median home value of $289,797 provides a benchmark for property investments, ensuring they align with the broader real estate trends in the area. Based on these figures, ZIP 45333 remains a viable option for Section 8 investments, balancing government subsidy limits with market realities.
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.