Location: Mercer 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 | $1,130 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,840 | $320,968 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 45348, located within Mercer County, OH, presents a unique profile when compared to the broader county metrics. Its Fair Market Rent (FMR) stands at $1,330 for the fiscal year 2026, which is higher than the market rent of $1,086. This indicates that the ZIP code is slightly above average in terms of rental pricing expectations set by the government, suggesting a potentially more stable and predictable rental income environment for landlords.
The median home value in ZIP 45348 is $273,505, which is lower than the typical home value in the county. This could imply that properties in this ZIP are generally less expensive, making it a more accessible market for both new investors and first-time buyers. However, the renter share in 45348 is 16.8%, indicating a significant portion of the population rents their homes. This is a key factor for Section 8 real estate analysis, as a higher renter share can correlate with a greater demand for rental assistance programs.
Given the specific figures, ZIP 45348 appears to be a value pocket within its metro. The combination of below-average home values and a substantial renter share suggests that this area offers opportunities for investors looking to acquire properties at a lower cost while still benefiting from a reasonable rental market. Additionally, the higher FMR compared to the market rent points towards potential growth in rental prices, aligning well with the goals of landlords seeking to maximize returns on investment.
Investors should note the divergence between the relatively low home values and the high renter share. This characteristic can indeed signal a sweet spot for Section 8 investments, where the cost of entry into property ownership is lower, yet there is a robust demand for rental units among those who qualify for federal housing assistance programs.
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.