Location: Scioto County, OH | Metro: Jackson 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 | $740 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,330 |
| 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 |
|---|---|---|---|---|
| 2BR | $1,020 | $144,332 | 0.71% | D |
| 3BR | $1,330 | $231,547 | 0.57% | F |
| 4BR | $1,460 | $306,905 | 0.48% | F |
U.S. Census Bureau data (2024)
In ZIP code 45653, located in Minford, Ohio, within Scioto County, the Section 8 program operates under specific economic guidelines that directly impact landlords and small-portfolio investors. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2026 is set at $990. This figure is crucial because it represents the maximum amount that the Housing Choice Voucher program will pay towards a tenant's rent. However, it's important to understand that this does not equate to the total rent received by landlords.
The local market rent, according to the latest Census ACS data, stands at $693 for a similar unit. This suggests that the SAFMR is higher than the average market rent, which can be beneficial for landlords participating in the program. When a tenant uses a voucher, they are required to contribute a portion of their income towards rent. Typically, this contribution is 30% of the household's adjusted monthly income. Once this tenant portion and any utility allowances are factored in, landlords receive a more comprehensive payment.
To illustrate, if a tenant's income is such that their 30% contribution is $200, and there is an additional utility allowance of $150, the total reimbursement to the landlord would be the sum of these amounts plus the SAFMR. In this case, the landlord would receive a total of $1,340 per month for a two-bedroom rental unit. This is calculated as follows:
Given that the local market rent is $693, landlords participating in the Section 8 program in ZIP 45653 can expect a surplus of approximately $647 per month above the local market rate for a two-bedroom apartment. This surplus is significant and can provide a financial cushion for landlords, helping to offset costs associated with property maintenance and management.
In summary, the economics of Section 8 in ZIP 45653 favor landlords with a reimbursement rate that exceeds the local market rent, leading to a substantial surplus when all components of the voucher payment are considered.
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.