Section 8 Fair Market Rent (FMR) for ZIP 45839 - 2027

FY 2027 Fair Market Rent Rates

The market dynamics in ZIP 45839, located in Unknown, Ohio, reveal a complex interplay between supply and demand that is indicative of a market in motion. The Fair Market Rent (FMR) for the area stands at $1,130 as of the fiscal year 2026, which provides a benchmark for rental properties in the region.

Despite the FMR figure being available, the market rent remains unspecified, suggesting that there might be limited data on actual rental prices, or that the market rent closely aligns with the FMR. This could imply that the rental market is stable, without significant fluctuations above or below the federal guidelines. However, it's important to note that the lack of market rent data can also indicate a smaller sample size or less active rental market.

The absence of specific percentages for price-cut share and days on market (DOM) suggests that there isn't a substantial amount of inventory being discounted to attract buyers or renters. In a market where supply significantly outpaces demand, we would expect to see higher percentages of price cuts and longer DOM periods as sellers struggle to find buyers. Conversely, if demand were outpacing supply, we might observe shorter DOM periods and fewer price cuts.

The median home value is also unspecified, which means there is limited information on the typical property values in the area. This could be due to a lack of recent sales data or a diverse range of property values that do not easily average into a meaningful statistic.

With the renter share unspecified, it's challenging to determine the exact pressure on long-term housing. Typically, a high renter share indicates potential long-term housing pressure, as a larger proportion of residents are renting rather than owning their homes. This trend often correlates with a growing population or limited access to homeownership financing. An unspecified renter share leaves room for speculation but does not provide concrete evidence of housing pressure trends.

In summary, ZIP 45839 appears to be a market where the rental sector adheres closely to federal guidelines, and there is insufficient data to conclusively state whether supply or demand is currently driving the market. The unspecified median home value and renter share highlight areas where further investigation is needed to fully understand the housing dynamics in this area.

Data Sources: FMR data from HUD (2027).

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.