Location: Shelby County, OH | Metro: Shelby County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
The ZIP code 45367, located in Shelby County, OH, has a Fair Market Rent (FMR) of $1,030 for fiscal year 2026. This figure is critical for understanding the rental landscape in this area. However, the market rent, home values, and the percentage of renters are not available for this specific ZIP code, which limits a direct comparison with typical Shelby County ZIP codes. To make an informed inference, we must consider the implications of the given data.
The FMR of $1,030 provides insight into the affordable housing standards set by HUD for the area. If typical Shelby County ZIPs have higher FMRs, then 45367 could be considered a value pocket, offering more affordable rental options for tenants. Conversely, if the surrounding ZIP codes have lower FMRs, it might indicate that 45367 is a premium sub-market within the county.
The lack of specific market rent and home value data for ZIP 45367 suggests that it might be a less developed or smaller neighborhood compared to other areas in Shelby County. This absence of data could also imply that the area is predominantly focused on rental properties rather than owner-occupied homes, although the exact renter share percentage is not available.
To determine if ZIP 45367 is a Section 8 sweet spot, we would typically look for a high renter share with below-average home values. Since the renter share percentage is unknown, we cannot definitively state this. However, if the FMR of $1,030 is significantly lower than the average market rent in Shelby County, landlords in 45367 could benefit from a higher demand for affordable rentals, especially among Section 8 recipients.
In summary, ZIP 45367 appears to offer rental opportunities at the $1,030 FMR level, potentially positioning it as either a value pocket or a mid-tier neighborhood within Shelby County's broader real estate market. The exact classification depends on the comparative analysis of surrounding ZIP codes' FMRs, market rents, and home values, which are currently not available. Landlords should consider this ZIP code's potential for attracting tenants seeking affordable housing options, particularly those utilizing Section 8 vouchers.
Data Sources: FMR data from HUD (2027).
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.