Section 8 Fair Market Rent (FMR) for ZIP 45772 - 2027

Investment Score for ZIP 45772

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

Investment Analysis by Bedroom Size

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

A landlord considering investing in ZIP code 45772 (Reedsville, OH) for Section 8 properties must evaluate several key factors to make an informed decision. Let's break down the analysis into a decision tree format.

1) Does FMR $990 (metro FY 2026) clear debt service on a $130,473 property?

• Yes: The Fair Market Rent (FMR) of $990 is sufficient to cover the debt service on a property valued at $130,473. This means that a landlord can expect to receive rental income that meets or exceeds the costs associated with owning the property, such as mortgage payments, insurance, and maintenance. The FMR provides a benchmark for what is considered a reasonable rent in the area, ensuring that landlords can charge a fair rate without overpricing the unit.
• No: If the FMR of $990 does not clear the debt service on a $130,473 property, then it would be unwise to invest in this ZIP code for Section 8 purposes. The rental income would not be enough to cover the financial obligations of owning the property, leading to potential losses.

2) Is market rent $621 (Census ACS) above, at, or below FMR?

• Above: If the market rent is above the FMR of $990, then there is an opportunity to increase rental income beyond the Section 8 limits. However, this scenario is not applicable since the market rent is lower than the FMR.
• At: Not applicable given the data.
• Below: The market rent of $621 is below the FMR of $990, indicating that the average rent charged in Reedsville, OH, is less than the government-set limit for Section 8. This suggests that landlords can potentially command higher rents if they meet the standards required by the Section 8 program, which could include modern amenities, good maintenance, and location advantages.

3) Are 28.4% renters + N/A-day DOM enough demand?

• It Depends: With 28.4% of the population being renters, there is a notable portion of the community seeking housing, which could support Section 8 investment. However, the lack of data on Days on Market (DOM) makes it difficult to assess how quickly properties are rented out. A high DOM could indicate a slower rental market, whereas a low DOM would suggest strong demand. Without this information, a landlord must consider other local factors, such as employment rates, school quality, and access to services, to gauge the overall attractiveness of the area to renters.

To conclude, if the FMR of $990 clears the debt service on a $130,473 property and the market rent is below the FMR, then Reedsville, OH, could be a viable option for Section 8 investment. However, the absence of DOM data leaves uncertainty about the speed at which units will be occupied, which is crucial for cash flow planning. Landlords should conduct further research into local conditions and consult with local real estate experts to fully understand the rental market dynamics before making a final decision.

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.