Section 8 Fair Market Rent (FMR) for ZIP 45423 - 2027

FY 2027 Fair Market Rent Rates

To classify ZIP 45423, we need to look at the available data points on yield and stability. The Fair Market Rent (FMR) for ZIP 45423 in fiscal year 2024 is set at $1010. This figure is critical for understanding the rental yield potential. However, the absence of market rent and home value data means we cannot directly compare these to assess whether the area offers higher yields through rental income alone.

The lack of percentage of renters, days on market (DOM), and median income figures makes it challenging to fully evaluate the stability axis. Without these specifics, we can only partially assess the stability based on the FMR. Typically, areas with higher FMRs might suggest a more stable rental market if they also have a high percentage of renters and low DOM. However, the median income data would be crucial to determine if residents can sustainably afford the rents.

Given the limited data, ZIP 45423 does not clearly fit into a high-yield/low-stability category where quick flips might dominate. It also doesn't present itself as a steady-cashflow zone due to the missing market-specific data. Instead, it appears to be an area that could offer moderate rental yields but lacks sufficient data to make a definitive call on stability.

To conclude, while the FMR indicates a rental price point of $1010, which could be attractive for landlords and small-portfolio investors seeking to generate income, the incomplete picture on the stability side—specifically, the percentages of renters and median income levels—means that investment decisions should be made cautiously, with further research into local market conditions.

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.