Section 8 Fair Market Rent (FMR) for ZIP 45727 - 2027

Location: Washington County, OH | Metro: Noble County, OH

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$770
2 Bedrooms	$1,000
3 Bedrooms	$1,320
4 Bedrooms	$1,410
5 Bedrooms	$1,636
6 Bedrooms	$1,832
7 Bedrooms	$1,979
8 Bedrooms	$2,078

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

944

Median Household Income

$22,564

Housing Units

321

Renter Percentage

22.8%

Occupancy Rate

90.3%

Renter Occupied

The ZIP code 45727, located in Clermont, Ohio, is characterized by a modest suburban landscape with a mix of residential and commercial properties. This area offers a stable environment for both landlords and small-portfolio investors, with a clear understanding of the housing market dynamics derived from recent data points.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, providing a benchmark for rental pricing that reflects the local housing market conditions.
The actual market rent, according to Census ACS data, is $483, indicating a significant gap between the FMR and the current average rent charged in the area.
The median home value stands at $154,188, suggesting that property values in this region are relatively low compared to national averages, which can be advantageous for acquiring investment properties.
Renters make up 22.8% of the population, highlighting a notable demand for rental properties and opportunities for landlords to serve this segment effectively.
The median income is $22,564, which is below the national average, pointing towards a potential challenge in finding tenants who can afford higher rents but also emphasizing the importance of maintaining affordable rental rates.

In summary, the ZIP 45727 presents a market where the gap between the Fair Market Rent and the actual market rent suggests room for increasing rental prices, albeit cautiously given the lower median income. The relatively low median home value indicates a favorable entry point for property acquisition, while the substantial renter share underscores a solid demand for rental units. Landlords and investors should focus on offering competitive, affordable rents to attract tenants and ensure occupancy rates remain high, balancing the need for financial returns with the economic realities of the area.

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.