Location: Mercer County, OH | Metro: Auglaize County, OH
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
13.3% of residents in ZIP 45862, Mendon, OH, are renters, indicating a modest demand for rental properties in the area. However, the $970 Fair Market Rent (FMR) for metro areas in fiscal year 2026 presents a significant opportunity for landlords and small-portfolio investors looking to tap into government-subsidized housing programs. This figure is notably higher than the $694 average market rent reported by the Census Bureau's American Community Survey, suggesting that Section 8 vouchers can cover a substantial portion of the local rental costs. Additionally, the median home value stands at $179,238, which is a reasonable investment point for those considering purchasing rental properties. The median income of $45,556 in the area reflects the financial capacity of potential tenants, aligning well with the income limits set by the Section 8 program.
The absence of day DOM (Days on Market) and percentage price-cut share data indicates a stable market with little fluctuation in property listings and pricing, which is favorable for investors seeking steady returns. Given these metrics, the $970 FMR provides a solid foundation for rental income, especially when compared to the lower $694 market rent. The difference between the FMR and market rent, coupled with the manageable median home value and median income levels, supports a positive outlook for Section 8 participation in Mendon, OH. Landlords can expect consistent and reliable rental income without the risk of frequent price adjustments or prolonged periods of vacancy.
Overall, the data paints a picture of a balanced market where Section 8 can be a viable and profitable option for landlords and small-portfolio investors in ZIP 45862, Mendon, OH.
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.