Section 8 Fair Market Rent (FMR) for ZIP 45861 - 2027

Location: Paulding County, OH | Metro: Paulding County, OH

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$770
2 Bedrooms	$1,000
3 Bedrooms	$1,320
4 Bedrooms	$1,690
5 Bedrooms	$1,960
6 Bedrooms	$2,195
7 Bedrooms	$2,371
8 Bedrooms	$2,490

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

404

Median Household Income

$93,269

Housing Units

162

Renter Percentage

9.9%

Occupancy Rate

87.7%

Renter Occupied

To determine if a landlord should invest in ZIP code 45861 for Section 8 properties, follow this decision tree:

1) Does the Fair Market Rent (FMR) of $970 cover the debt service on a property?
- If yes: Proceed to the next question.
- If no: Do not buy here for Section 8. The FMR is insufficient to cover the cost of owning the property.
2) Is the market rent above, at, or below the FMR of $970?
- If market rent is above $970: There is potential for profit outside of Section 8, but focus on the demand for Section 8 properties.
- If market rent is at or below $970: Consider only if there is sufficient demand for Section 8 units.
3) Are the 9.9% of renters combined with the N/A-day days on market (DOM) indicative of enough demand for Section 8 units?
- If the DOM is low (less than 30 days): Yes, there is strong demand. Invest in ZIP 45861 for Section 8 properties.
- If the DOM is moderate (between 30-60 days): It depends. Evaluate the specific neighborhood dynamics and competition. A moderate DOM suggests some demand but also caution.
- If the DOM is high (above 60 days): No, the demand is too low. High DOM indicates difficulty in renting out properties, even with 9.9% of renters.

The Fair Market Rent of $970 for the metro area in fiscal year 2026 is the baseline for determining the viability of a Section 8 investment. If this amount does not cover the debt service, the investment will not be financially sound. Next, compare the market rent to the FMR. If the market rent exceeds the FMR, consider the broader rental market before focusing solely on Section 8. Finally, assess the demand by looking at the percentage of renters and the DOM. Low DOM with a significant portion of renters indicates a good opportunity, while high DOM suggests challenges in finding tenants.

Data Sources: FMR data from HUD (2027). 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.