Section 8 Fair Market Rent (FMR) for ZIP 45358 - 2027

Location: Darke County, OH | Metro: Darke County, OH

Investment Score for ZIP 45358

N/A

Monthly Rent (2BR)

$1,110

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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	$920
1 Bedroom	$920
2 Bedrooms	$1,110
3 Bedrooms	$1,490
4 Bedrooms	$1,500
5 Bedrooms	$1,740
6 Bedrooms	$1,949
7 Bedrooms	$2,105
8 Bedrooms	$2,210

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
3BR	$1,490	$211,323	0.71%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

362

Median Household Income

$60,625

Housing Units

188

Renter Percentage

19.9%

Occupancy Rate

88.3%

Renter Occupied

The ZIP code 45358, located within Darke County, OH, presents a unique snapshot when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for 45358 is set at $1,060 for fiscal year 2026, which is notably higher than the market rent of $919 observed in the area. This discrepancy suggests that the rental market in 45358 is somewhat subsidized, aligning well with properties participating in the Section 8 program.

The median home value in 45358 stands at $182,053, which is lower than what might be expected in a premium sub-market but still indicative of a stable investment environment. With a renter share of 19.9%, it's clear that a significant portion of the population relies on rental housing, further supporting the presence of Section 8 units.

When evaluating 45358 against other ZIP codes in Darke County, OH, several key points emerge:

Fair Market Rent vs. Actual Market Rent: The FMR being higher than the actual market rent indicates that there is a government subsidy supporting rental costs, making it an attractive area for tenants seeking affordable housing options.
Home Value: At $182,053, the home values are relatively low, suggesting that 45358 could be considered a value pocket within the broader Darke County, OH metro. This lower price point can be advantageous for investors looking to acquire properties at a discount while still benefiting from the rental subsidies.
Renter Share: A 19.9% renter share is substantial and suggests a robust demand for rental properties, particularly those that offer affordable rates through programs like Section 8.

The combination of a below-average home value and a high renter share points towards 45358 being a sweet spot for Section 8 investments. Landlords and small-portfolio investors can expect to find opportunities to purchase homes at reasonable prices while securing tenants through the Section 8 program, thereby ensuring steady rental income without the need for extensive marketing efforts.

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.