Section 8 Fair Market Rent (FMR) for ZIP 45505 - 2027

Investment Score for ZIP 45505

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$780
1 Bedroom	$860
2 Bedrooms	$1,120
3 Bedrooms	$1,380
4 Bedrooms	$1,590
5 Bedrooms	$1,844
6 Bedrooms	$2,065
7 Bedrooms	$2,230
8 Bedrooms	$2,342

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,120	$108,990	1.03%	B
3BR	$1,380	$146,230	0.94%	C
4BR	$1,590	$189,689	0.84%	C
5BR	$1,844	$209,361	0.88%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, ZIP 45505 (Springfield, OH, Springfield, OH MSA metro) can be considered a **cash-flow anchor** within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for a $900 ZIP in fiscal year 2024 is significantly lower than the market rate of $989, providing a stable and predictable income stream. Additionally, the median home value in Springfield, OH is $128,568, which is relatively low compared to the national average, making it an attractive option for investors looking to secure a steady cash flow.

The spread between the FMR and the market rate indicates that properties in ZIP 45505 can command higher rents without exceeding the FMR cap, thus ensuring a reliable cash flow. This makes it an ideal location for investors who want to minimize risk and focus on generating consistent returns.

Furthermore, the 45505 ZIP has a 0.3% price-cut share and a 22-day Days on Market (DOM), suggesting a relatively stable market where homes do not typically require significant discounts to sell and are moving quickly once listed. This stability supports the notion that ZIP 45505 can serve as a cash-flow anchor, providing a solid foundation for a Section 8 portfolio.

A cash-flow anchor is crucial for maintaining financial stability in a portfolio, especially when dealing with government-subsidized housing programs like Section 8. By focusing on areas with predictable rental income and minimal fluctuations in home values, investors can ensure their properties remain profitable even during economic downturns.

In conclusion, ZIP 45505 fits well into a Section 8 portfolio strategy as a cash-flow anchor due to its favorable FMR spread, stable home values, and quick turnover rates. These factors contribute to a secure and consistent income stream, making it a valuable addition to any real estate investment portfolio.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.