Section 8 Fair Market Rent (FMR) for ZIP 45721 - 2027
Location: Washington County, OH | Metro: Washington County, OH
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $810 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should invest in ZIP code 45721 for Section 8 properties, follow this decision tree:
- Does FMR $980 (metro FY 2026) clear debt service on a property?
- If the answer is Yes: The Fair Market Rent (FMR) of $980 must cover the total monthly mortgage payment, property taxes, insurance, and other expenses associated with owning a rental property. Without specific debt service figures, it's impossible to confirm this. However, if your calculations show that $980 does indeed exceed these costs, then this condition is met.
- If the answer is No: Investing in ZIP 45721 for Section 8 purposes would be financially unviable as the FMR would not cover your debt service.
- Is market rent above, at, or below FMR?
- If market rent is Above FMR: This indicates a higher demand for rentals in the area compared to what the government will pay for Section 8 units. It means you might struggle to find tenants willing to pay the lower Section 8 rate once the property is rented out.
- If market rent is At FMR: This suggests that the local rental market aligns well with the government's rental assistance program. You can expect to fill vacancies without difficulty.
- If market rent is Below FMR: This could mean that there is ample demand for rentals at or below the FMR rate. However, without knowing the exact market rent, it's challenging to provide a definitive analysis.
- Are 0.0% renters + N/A-day DOM enough demand?
- The 0.0% figure likely represents an error or missing data, as it's highly unlikely there are zero renters in any given ZIP code. Similarly, the N/A for days on market (DOM) indicates missing data. For a proper assessment, you need accurate percentages of renters and average DOM.
- If the correct data shows a significant percentage of renters and a reasonable DOM (e.g., under 30 days), then there is sufficient demand to support a Section 8 investment.
- If the corrected data reveals low demand (e.g., high DOM), then investing in this ZIP code for Section 8 purposes would be risky due to potential vacancy issues.
Note: The analysis is contingent upon having accurate data regarding debt service, market rent, and demand indicators. Missing or erroneous data points make it difficult to draw clear conclusions. Ensure you have comprehensive and correct data before making an investment decision.
Data Sources: FMR data from HUD (2027). 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.