Location: Darke County, OH | Metro: Darke 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 | $890 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $172,620 | 0.63% | D |
| 3BR | $1,450 | $218,569 | 0.66% | D |
| 4BR | $1,460 | $274,272 | 0.53% | F |
U.S. Census Bureau data (2024)
ZIP code 45346, located in New Madison, Ohio, presents a unique position within the Darke County, OH metro area. The Fair Market Rent (FMR) for this ZIP is set at $1,070 for fiscal year 2026, which is higher than the market rent of $790. This discrepancy suggests that the actual rental market in 45346 is currently undervalued relative to the government's assessment, making it potentially attractive for landlords participating in the Section 8 program.
The median home value in 45346 stands at $203,936. While this figure represents the typical cost of homeownership, it is important to note that 21.2% of residents are renters, indicating a significant portion of the population relies on rental housing. Given the lower market rent compared to the FMR, landlords can expect a reasonable profit margin when renting out properties at or near the FMR rate.
Comparatively, typical ZIP codes in Darke County, OH, would likely have similar trends but may vary in terms of specific dollar amounts. For instance, if other ZIPs in the county exhibit higher market rents closer to their FMRs, then 45346 could be considered a value pocket where rental income is relatively higher than property costs.
The 21.2% renter share in 45346, coupled with the below-metro FMR, might signal a sweet spot for Section 8 landlords and small-portfolio investors. This combination indicates a demand for affordable housing that is being met at a price point below the government's benchmark, suggesting opportunities for those willing to participate in the Section 8 program.
In summary, ZIP 45346 appears to be a value pocket within the Darke County, OH metro, offering landlords a chance to benefit from the gap between the FMR and market rent, while also catering to a notable segment of renters who may qualify for Section 8 assistance.
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.