Location: Putnam 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 | $780 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $112,165 | 0.91% | C |
| 3BR | $1,260 | $177,089 | 0.71% | D |
| 4BR | $1,530 | $202,874 | 0.75% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 45873, Oakwood, OH, for the fiscal year 2026 is set at $990. This figure represents the payment standard for Section 8 vouchers in the area, which means that if you decide to participate in the Section 8 program, this is the maximum amount that the Housing Authority will pay toward the rent on behalf of your tenant. However, it's important to note that this is not the rent you should charge; rather, it's the ceiling for the government subsidy.
To put this into perspective, the average rent in ZIP 45873, based on Census American Community Survey (ACS) data, is $867. This suggests that the FMR is slightly above the market rate, providing an incentive for landlords to accept Section 8 tenants. The difference between the FMR and the local average rent indicates a potential opportunity to attract tenants who might otherwise struggle to find housing within their budget.
In ZIP 45873, 23.8% of residents are renters, which translates to a steady demand for rental properties. This percentage shows that there is a significant portion of the population looking for places to live, making it likely that you can find qualified tenants for your property.
If you're considering purchasing a property to use as a Section 8 rental, be aware that the median home value in the area is around $147,925. This gives you a benchmark for what you might expect to spend on acquiring a property suitable for Section 8 tenancy. It's crucial to ensure that the property meets all the necessary requirements set by the Housing Authority before making any investment decisions.
Before you proceed with offering your property as a Section 8 rental, verify that your property complies with the Housing Quality Standards (HQS). This inspection ensures that the unit is safe, decent, and sanitary, meeting the minimum standards required by the program. Compliance with HQS is mandatory and failing to meet these standards could result in your property being rejected from the program, even if you have found a tenant with a voucher.
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.