Location: Shelby 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 | $790 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,420 |
| 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 |
|---|---|---|---|---|
| 3BR | $1,420 | $363,622 | 0.39% | F |
| 4BR | $1,460 | $499,774 | 0.29% | F |
U.S. Census Bureau data (2024)
The ZIP code 45363 is situated in a suburban neighborhood characterized by a relatively small population of 1,862 residents. With only 12.4% of the population being renters, it indicates a community primarily composed of homeowners, reflecting a median home value of $347,979. The median income in this area stands at $95,268, suggesting a middle-class to upper-middle-class demographic. This context paints a picture of a stable residential area where most individuals own their homes and have a decent financial standing.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 45363 is set at $1,020 for the metro fiscal year 2026, which slightly exceeds the current market rent of $953 according to the Census ACS. This modest gap between the FMR and the market rent implies that properties in this ZIP code could potentially attract tenants who qualify for Section 8 vouchers without significant adjustments to rental pricing.
Considering the investment strategy, ZIP 45363 appears more suitable for a hands-off voucher operator rather than a hands-on value-add buyer. Given the low percentage of renters and the stable income levels of the residents, there's less incentive for aggressive property improvements to command higher rents. Instead, landlords can focus on maintaining a steady cash flow by leveraging the Section 8 program, ensuring that their properties remain competitive and attractive to eligible tenants without the need for extensive renovations or management 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.