Location: Washington County, OH | Metro: Monroe 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 | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $113,807 | 0.88% | C |
| 3BR | $1,340 | $150,970 | 0.89% | C |
U.S. Census Bureau data (2024)
A skeptical investor considering ZIP 45767 in Ohio might have several concerns regarding the feasibility of investing in rental properties under the Section 8 program. Here are some of those concerns addressed with available data.
Objection 1: Will Fair Market Rent (FMR) of $970 (for the fiscal year 2026) cover the mortgage on a $123,127 home?
The FMR of $970 per month does not fully cover the mortgage payment on a home valued at $123,127. A mortgage calculator using typical rates and terms would show that monthly payments on a home of this value could range between $600 to over $1,000 depending on interest rates, down payment size, and loan term length. This means that the FMR might only cover part of the mortgage, leaving the landlord to make up the difference. However, it's important to note that property taxes and insurance can also be considered when calculating overall costs.
Objection 2: Is there enough renter demand at 34.8%?
The percentage of renter-occupied housing units at 34.8% suggests a moderate level of demand. While this figure is lower than the national average, it still represents a significant portion of potential tenants. The key here is understanding the local rental market dynamics. If there is a steady influx of renters due to job opportunities or other factors, this percentage could indicate a healthy demand. However, without additional data on vacancy rates and rental turnover, it's difficult to provide a definitive assessment of the demand strength in ZIP 45767.
Objection 3: Will vouchers keep pace with market rents of $564?
The voucher amount of $970 exceeds the current market rent of $564, which indicates that vouchers should adequately cover the rental cost in ZIP 45767. This leaves room for landlords to potentially receive a higher rate than what they might get from non-voucher tenants. However, the sustainability of this gap depends on future changes in both voucher amounts and market rents. It's crucial for investors to monitor these trends closely to ensure long-term profitability.
In conclusion, while the data provides some clarity on the financial aspects of investing in ZIP 45767 under the Section 8 program, certain variables such as mortgage specifics and the exact nature of renter demand require further investigation. Nonetheless, the current voucher amount appears to be sufficient to cover market rents, offering a stable income source for landlords.
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.