Location: Wyandot 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 | $910 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $154,880 | 0.7% | D |
| 3BR | $1,390 | $209,017 | 0.67% | D |
| 4BR | $1,550 | $242,719 | 0.64% | D |
U.S. Census Bureau data (2024)
The ZIP code 45843, located within Wyandot County, OH, presents a unique scenario when compared to the broader county metrics. The Fair Market Rent (FMR) for ZIP 45843 is set at $1,040 for fiscal year 2026, which is notably higher than the average market rent of $920. This discrepancy suggests that subsidized housing through programs like Section 8 could be more favorable here due to the higher FMR threshold.
The median home value in ZIP 45843 stands at $192,413, which is lower than what might be expected in a typical ZIP code within the county. Additionally, the renter share in this ZIP is quite high at 24.2%. When combined with the relatively low home values and higher FMR, it indicates that ZIP 45843 could be an attractive area for Section 8 tenants and thus a valuable investment opportunity for landlords and small-portfolio investors looking to capitalize on government subsidies.
Given these figures, ZIP 45843 can be characterized as a value pocket within the Wyandot County, OH metro. It offers opportunities where the cost of living is slightly below the subsidized rates, making it an ideal location for those seeking affordable rental properties. The higher percentage of renters also supports the notion that there is significant demand for rental units, which could benefit investors willing to participate in the Section 8 program.
To summarize, the data points to ZIP 45843 as a niche market within the larger Wyandot County area, particularly appealing for those involved in the Section 8 housing market. The lower home values coupled with a higher renter population and above-average FMR suggest a favorable environment for landlords and small-portfolio investors interested in this segment of the real estate market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.