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 | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $236,480 | 0.42% | F |
| 3BR | $1,380 | $373,562 | 0.37% | F |
| 4BR | $1,540 | $486,143 | 0.32% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $970 for the metro area in fiscal year 2026, landlords in ZIP 45865 (Minster, OH) can expect competitive returns on their investments. The current market rent, according to Census ACS data, stands at $894, indicating a slight premium for Section 8 eligible units. Given the median home value of $326,746, it's clear that residential properties in this area are priced higher than the average rental rates, suggesting a potential opportunity for those willing to convert homes into rental units. The renter share at 11.9% shows a modest demand for rental housing, but with the median income at $89,000, there is a solid economic foundation supporting rental affordability.
The absence of day DOM (Days on Market) and price-cut share percentages suggests that the local real estate market is stable, without significant fluctuations or prolonged periods of unsold inventory. This stability can be beneficial for small-portfolio investors looking to minimize risk while maintaining steady cash flows. Considering the $970 FMR, landlords should ensure that their rental units meet the necessary standards and amenities to justify this price point, especially if they aim to attract Section 8 tenants who have rental limits.
To conclude, the data from ZIP 45865 points towards a favorable environment for Section 8 investments, particularly due to the alignment between the FMR and the median income levels. Landlords can confidently offer units at the $970 FMR knowing that the majority of residents can afford the rent. With a median income of $89,000, tenants are likely to qualify for the program, making it a viable option for both landlords and small-portfolio investors. The verdict on Section 8 eligibility in Minster, OH, is positive, given the economic indicators and the stability 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.