Location: Darke County, OH | Metro: Darke County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The ZIP code 45351 is situated in an area that is predominantly owner-occupied rather than renter-heavy. With only 16.7% of the population renting, it indicates a relatively low demand for rental properties compared to areas with higher percentages of renters. The median household income in this ZIP code is $101,875, which suggests a higher economic status among residents.
Given a market rent of $1,000, this represents approximately 12.7% of the median household income when annualized. This is a reasonable percentage, indicating that most households can afford this level of rent without significant strain. The Fair Market Rent (FMR) for the metro area is also set at $1,000 for FY 2026, aligning closely with the current market conditions in ZIP 45351.
In this ZIP code, landlords should anticipate a tenant pool that consists mainly of individuals who have stable employment and can manage a rent expense of $1,000 per month. These tenants are likely to be financially responsible and capable of meeting their obligations. However, due to the lower proportion of renters, the competition for Section 8 vouchers might be more intense, meaning fewer vouchers relative to the number of rental units available.
To summarize, ZIP 45351 is not a renter-heavy area, but the income levels support a $1,000 monthly rent, making it feasible for landlords to find suitable tenants who can afford market rates. Landlords should prepare for a scenario where Section 8 vouchers are less common, and focus on attracting financially stable individuals or families who can meet the rent requirements independently.
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.