Location: Shelby County, OH | Metro: Auglaize 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 | $750 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $268,000 | 0.37% | F |
| 3BR | $1,350 | $377,748 | 0.36% | F |
| 4BR | $1,510 | $444,638 | 0.34% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 45845, which includes Fort Loramie, Ohio, is set at $970 for the metro area fiscal year 2026. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for Section 8 rental assistance in the area. It does not represent the rent you will charge your tenants; rather, it is the maximum amount HUD will pay toward rent.
In comparison, the average rent in ZIP 45845 is $836, based on recent Census Bureau American Community Survey (ACS) data. This means that if you participate in the Section 8 program, HUD's payment standard is slightly higher than the typical market rate, offering a stable income source.
The 9.3% share of renters in the area indicates that there is a significant demand for rental properties among low-income families who qualify for Section 8 assistance. This can be beneficial for landlords looking to ensure occupancy rates.
When considering purchasing a property for a Section 8 rental, the median home value of $333,062 is an important factor. This figure gives you an idea of the typical acquisition cost for a home in the area, helping you to budget accordingly and assess potential returns on investment.
Before committing to a Section 8 rental, one crucial step is to verify that the property meets all the necessary requirements set by HUD. This includes ensuring that the home is safe, decent, and sanitary, and that it complies with the Housing Quality Standards (HQS).
To summarize, participating in the Section 8 program in ZIP 45845 can provide a steady stream of income, with the FMR being slightly above the local average rent. The demand for rental properties is present, and the typical acquisition cost is around $333,062. However, landlords must ensure their property meets HUD’s standards before signing up.
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.