Section 8 Fair Market Rent (FMR) for ZIP 45788 - 2027

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

Investment Score for ZIP 45788

N/A

Monthly Rent (2BR)

$1,120

Median Price (2BR)

$N/A

1% Rule

Annual Yield

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

Unit Size	Monthly FMR
Studio	$900
1 Bedroom	$900
2 Bedrooms	$1,120
3 Bedrooms	$1,510
4 Bedrooms	$1,680
5 Bedrooms	$1,949
6 Bedrooms	$2,183
7 Bedrooms	$2,358
8 Bedrooms	$2,476

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,510	$227,161	0.66%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

691

Median Household Income

$100,682

Housing Units

292

Renter Percentage

14.3%

Occupancy Rate

83.6%

Renter Occupied

The ZIP code 45788, located in a suburban setting within the state of Ohio, offers a stable environment for real estate investment. The area benefits from a mix of residential and commercial properties, providing both rental opportunities and potential for property appreciation.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,080, indicating a solid benchmark for rental pricing in the region.
The actual market rent, according to the latest Census American Community Survey (ACS), stands at $646, suggesting that there's room for price adjustment to meet the FMR target.
The median home value in ZIP 45788 is $203,832, which is relatively low compared to other parts of Ohio, making it an attractive option for first-time buyers and investors alike.
Renters make up 14.3% of the housing stock, showing that a significant portion of residents still prefer homeownership over renting.
The Days on Market (DOM) figure is not available, but this can be indicative of either a very active market where homes sell quickly or a less active one where listings linger longer.
The median household income in the area is $100,682, reflecting a middle-class community with the financial means to support higher rents or mortgage payments.

Investors looking to enter the ZIP 45788 market should focus on the gap between the current market rent and the FMR, as well as the potential for capital appreciation given the relatively low median home value. The strong median income suggests that tenants could potentially afford higher rents, aligning closer with the FMR. However, the high percentage of homeowners indicates a competitive rental market, which may require strategic positioning to attract tenants. Overall, the area presents a balanced opportunity for those willing to invest in rental properties or single-family homes, with a promising outlook for future growth.

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.