Section 8 Fair Market Rent (FMR) for ZIP 45441 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 45441, located in Ohio, is an area that presents unique opportunities for real estate investors, particularly those interested in the Section 8 housing market. The Fair Market Rent (FMR) for this region is set at $1010 per month for fiscal year 2024, providing a benchmark for rental rates that can be leveraged by landlords and small-portfolio investors.

• The Fair Market Rent (FMR) for ZIP 45441 is $1010 per month for fiscal year 2024, indicating the maximum amount that a household paying 30% of their adjusted income towards rent should pay.
• The market rent for the area is currently N/A, suggesting a lack of recent data on average rental prices outside of government programs.
• The median home value for ZIP 45441 is N/A, implying that there is insufficient data available to determine the typical price range of homes in this area.
• The percentage of renters in the area is N/A, making it difficult to gauge the overall demand for rental properties.
• The Days on Market (DOM) for the area is N/A, which means there is no current data on how long properties typically take to sell.
• The median income for the area is N/A, leaving a gap in understanding the financial capacity of local residents to afford housing.

Given the limited availability of recent data points such as market rent, median home value, renter share, DOM, and median income, landlords and small-portfolio investors must rely heavily on the Fair Market Rent figure of $1010 to guide their investment decisions. This reliance underscores the importance of staying informed about any updates in local real estate trends and government assistance programs to make well-informed choices. Despite the data gaps, the FMR provides a solid starting point for setting competitive rental rates that align with government subsidies, ensuring steady occupancy and cash flow for properties in ZIP 45441.

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.