Section 8 Fair Market Rent (FMR) for ZIP 45334 - 2027

Location: Shelby County, OH | Metro: Auglaize County, OH

Investment Score for ZIP 45334

Monthly Rent (2BR)

$1,270

Median Price (2BR)

$176,060

1% Rule

0.72%

Annual Yield

8.66%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$950
1 Bedroom	$970
2 Bedrooms	$1,270
3 Bedrooms	$1,700
4 Bedrooms	$1,750
5 Bedrooms	$2,030
6 Bedrooms	$2,274
7 Bedrooms	$2,456
8 Bedrooms	$2,579

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,270	$176,060	0.72%	D
3BR	$1,700	$236,706	0.72%	D
4BR	$1,750	$299,446	0.58%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,882

Median Household Income

$70,595

Housing Units

799

Renter Percentage

26.4%

Occupancy Rate

95.1%

Renter Occupied

201

In Jackson Center, Ohio (ZIP 45334), the economics of Section 8 housing involve understanding both the SAFMR (Small Area Fair Market Rent) and the local market conditions. For a two-bedroom apartment, the SAFMR for FY 2026 is set at $1,210. This figure represents the maximum amount that the Housing Choice Voucher program will pay for rental housing in this specific ZIP code. However, the local market rent for a similar unit is much lower, running at an average of $630 according to the Census ACS.

A landlord participating in the Section 8 program can expect the following reimbursement structure:

The voucher pays up to $1,210 towards the rent, but this is contingent on the tenant's ability to cover the difference between their share and the total rent.
Tenants typically contribute 30% of their adjusted income toward rent. If the tenant's income is such that 30% equals $363 (a common scenario based on typical incomes in the area), then they would be responsible for paying this amount.
The utility allowance is separate from the rent and is determined based on the actual costs incurred by the tenant. In ZIP 45334, the utility allowance for a two-bedroom unit averages around $200.

This means that the total reimbursement a landlord can receive for a two-bedroom apartment is the sum of the voucher payment and the tenant's contribution. Given the example above, if the tenant pays $363 and the utility allowance is $200, the voucher would cover the remaining $647 to meet the SAFMR of $1,210. Therefore, the landlord receives the full SAFMR of $1,210, which is significantly higher than the local market rent of $630.

The typical reimbursement gap or surplus in ZIP 45334 for a two-bedroom unit is a surplus of $580. This surplus occurs because the voucher program reimburses up to the SAFMR, which is set higher than the local market rent. Landlords should be aware that while the program guarantees a certain level of income, it also comes with administrative requirements and potential delays in payments.

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.