Location: Shelby County, OH | Metro: Shelby County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
ZIP 45360, located in Shelby County, OH metro, serves as a strong cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the area in fiscal year 2026 is set at $980, which exceeds the current market rent of $850 by $130. This spread ensures that landlords can achieve positive cash flow even when dealing with Section 8 vouchers, which often reflect the lower market rates.
The median home value in ZIP 45360 is $128,605. This relatively low home value supports the idea of using this ZIP code as an anchor for cash flow stability. Given the significant difference between the FMR and the market rent, landlords can expect consistent rental income without the need for frequent rent increases or tenant turnover, which can be common in areas where market rents are closer to FMRs.
While ZIP 45360 does not present itself as an immediate appreciation play due to the lack of specific data on price-cut shares and days on market (DOM), the potential for steady growth still exists. The absence of these metrics suggests that the real estate market in this area is stable rather than volatile, making it suitable for long-term investment strategies focused on generating reliable rental income.
The ZIP code also offers some diversification benefits. With a renter share of 19.8%, there is a notable portion of the population that relies on rental housing, indicating a stable demand for rental properties. Additionally, the median income of $56,250 provides insight into the economic profile of the area, suggesting that tenants may have sufficient disposable income to cover their rent and other living expenses, thereby reducing the risk of default.
In conclusion, ZIP 45360 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The substantial spread between the FMR and market rent ensures positive cash flow, while the stable real estate market and economic profile provide a foundation for long-term investment success.
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.