Location: Hardin County, OH | Metro: Hancock County, OH
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 | $880 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,560 | $297,118 | 0.53% | F |
| 4BR | $1,760 | $285,917 | 0.62% | D |
U.S. Census Bureau data (2024)
18.3% of the population in ZIP 45841 are renters, indicating a significant demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,150, which provides a benchmark for rental pricing. However, the actual market rent based on Census ACS data is $789, suggesting that landlords can potentially increase their rents closer to the FMR to maximize profitability. The median home value in the area is $262,653, reflecting a moderate property value that could be attractive for investors looking to balance between affordability and potential appreciation. With a median income of $96,544, tenants in this ZIP code have a higher capacity to pay rent compared to national averages, making it a stable market for rental investments.
The discrepancy between the FMR and the current market rent indicates an opportunity for landlords to adjust their pricing strategies. While the median income supports higher rent payments, it's important to note that the actual rent paid by tenants is currently below the FMR, which could be due to various factors including competition or tenant preferences for lower-cost housing. Given the median home value and median income, there is a strong foundation for rental property investments in ZIP 45841. The lack of specific data on days on market (DOM) and the percentage of price-cut share suggests that the local real estate market might be relatively stable without frequent fluctuations or prolonged vacancy periods.
A final consideration for landlords and small-portfolio investors is the suitability of ZIP 45841 for Section 8 properties. The combination of a reasonable renter share, a median income that exceeds the market rent, and a fair market rent that is above the current market rent all point towards a positive environment for Section 8 properties. Landlords should expect steady demand from tenants who qualify for the program, and the potential to receive rental assistance payments that align closely with the FMR. In conclusion, ZIP 45841 is a viable market for Section 8 properties, with figures supporting a stable and profitable investment 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.