Section 8 Fair Market Rent (FMR) for ZIP 45827 - 2027
Location: Putnam County, OH | Metro: Paulding County, OH
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$85,400
When considering whether to purchase a property in ZIP code 45827 for Section 8 investment, follow these steps:
- Step 1: Calculate if the Fair Market Rent (FMR) of $1,020 can cover the debt service on a $272,226 property. The debt service typically includes mortgage payments, insurance, and maintenance costs. To determine this, you must know the exact debt service amount. If the debt service is less than $1,020 per month, then the answer is yes, FMR clears the debt service.
- Step 2: Compare the market rent of $837 (from Census ACS) against the FMR of $1,020. Since the market rent is below the FMR, the potential rental income under Section 8 could be higher than what the market currently offers. This suggests that Section 8 properties might be more profitable than non-Section 8 rentals.
- Step 3: Assess the demand for rental properties. In ZIP 45827, 8.0% of residents are renters. However, the days on market (DOM) is listed as N/A, which means there's insufficient data to determine how quickly properties are rented out. If the 8.0% rental rate indicates sufficient demand and the DOM is short, then the answer is yes, there is enough demand. Otherwise, it depends on additional local market research to confirm rental velocity.
If all conditions align—FMR exceeds debt service, market rent is below FMR, and rental demand is robust—then purchasing in ZIP 45827 for Section 8 is a sound investment strategy. Should any condition fail, reconsideration is advised.
Note: The decision ultimately hinges on accurate local market analysis and specific financial details such as the exact debt service cost, which isn't provided here. Always conduct thorough due diligence before making an investment.
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.