Location: Shelby County, OH | Metro: Shelby County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The economics of Section 8 housing in ZIP code 45336 are defined by the SAFMR (Small Area Fair Market Rent) rates established by the U.S. Department of Housing and Urban Development (HUD). For a two-bedroom apartment in this ZIP code during fiscal year 2026, the SAFMR is set at $1,120 per month. This figure represents the maximum amount that a Section 8 housing voucher will cover for rent and utilities combined.
A voucher holder's rent contribution is based on their income, with the general rule being that they pay 30% of their adjusted monthly income toward rent. After this tenant portion is determined, the remaining rent up to the SAFMR is subsidized by the government. However, landlords must understand that the total reimbursement can be less than the SAFMR due to the inclusion of utility allowances in the calculation.
To illustrate, let's assume a voucher holder has an adjusted monthly income of $2,000. Their rent contribution would be $600 (30% of $2,000). If the utility allowance for this ZIP code is $200, then the government subsidy would be $320 ($1,120 - $600 - $200). Therefore, the landlord would receive a total of $920 per month ($600 from the tenant + $320 subsidy).
This scenario leaves a reimbursement gap for the landlord, as the total rental amount does not reach the SAFMR of $1,120. In this example, the gap is $200 per month. Landlords should consider this gap when determining if they wish to participate in the Section 8 program for properties in ZIP 45336.
It is important to note that the SAFMR is specific to this ZIP code, meaning it is tailored to reflect the local rental market conditions rather than applying uniformly across a larger metropolitan or county area. This specificity aims to ensure that the subsidy aligns closely with actual rental costs in the area, though it still may not fully match the local market rent which is currently unavailable.
In summary, for a two-bedroom unit in ZIP 45336, landlords can expect a typical reimbursement of $920 per month under the Section 8 program, given the assumptions above. This results in a $200 shortfall compared to the SAFMR of $1,120. Landlords must weigh this gap against the benefits of stable tenancy and the administrative support provided by the program.
Data Sources: FMR data from HUD (2027). 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.