Location: Paulding County, OH | Metro: Paulding 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 | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,370 | $189,819 | 0.72% | D |
U.S. Census Bureau data (2024)
The ZIP code 45851 hosts a population of 524 individuals, with only 14.9% identified as renters. This suggests that the area is primarily dominated by homeowners rather than renters, indicating a relatively scarce demand for rental properties and potentially fewer Section 8 housing voucher holders seeking accommodations.
The median household income in this ZIP is $76,157, which places it above average compared to many areas. However, when we consider the market rent of $1,057, we find that this represents approximately 14% of the median monthly income, calculated by dividing the annual median income by 12. This figure implies that the typical rent consumes a significant portion of the local income but remains manageable for most residents.
Furthermore, comparing the market rent to the Fair Market Rent (FMR) of $1,090, which is set for fiscal year 2026 in the metropolitan area, we see that the actual rent is slightly below the FMR. This indicates that landlords in ZIP 45851 have some flexibility in pricing their units competitively without exceeding the federally determined fair market rates.
In terms of tenant profiles, landlords in this ZIP can expect a mix of tenants who may not heavily rely on housing vouchers due to the low percentage of renters and the higher median income. Tenants are likely to be financially stable, capable of paying market rents without substantial assistance, and possibly looking for short-term rentals or properties that offer a better fit for their lifestyle and budget.
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.