Location: Lima, OH | Metro: Lima, OH MSA
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 | $920 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $140,771 | 0.86% | C |
| 3BR | $1,460 | $192,666 | 0.76% | D |
| 4BR | $1,610 | $291,291 | 0.55% | F |
| 5BR | $1,868 | $363,590 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 45805, located in Lima, OH, within the Lima, OH MSA metro area, can serve as a solid cash-flow anchor for a Section 8 portfolio strategy. The Federal Market Rent (FMR) for a $1000 ZIP code in fiscal year 2024 is set at $748 for a one-bedroom unit, which is higher than the current market rent of $964 for similar units. This spread indicates that landlords in ZIP 45805 can expect stable and predictable cash flows from tenants participating in the Section 8 program.
The median home value in ZIP 45805 stands at $190,042, making it an affordable market for both homeowners and investors. The relatively low home values suggest that the cost of acquiring rental properties in this area is also manageable, potentially leading to higher profit margins when considering property management costs and other expenses.
A cash-flow anchor is essential for any real estate investment portfolio, especially one that includes Section 8 properties. ZIP 45805 offers a reliable source of rental income due to the positive spread between the FMR and market rent. This means that even if market conditions fluctuate, landlords can rely on the guaranteed payments from the Section 8 program to cover their mortgage and maintenance costs, ensuring steady cash flow.
The ZIP code's 0.3% price-cut share and N/A-day days on market (DOM) indicate that the market is stable and not heavily influenced by distressed sales or long-term vacancies, further supporting its role as a cash-flow anchor. Landlords should be aware that while the cash flow is strong, the potential for rapid appreciation is limited, given the current market dynamics.
Additionally, the 36.5% renter share and median income of $68,842 suggest that there is a significant portion of the population who are likely to rely on rental assistance programs such as Section 8. This makes ZIP 45805 a particularly suitable location for properties designated for low-income tenants, thereby aligning well with a cash-flow anchor strategy.
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.