Location: Putnam County, OH | Metro: Lima, OH MSA
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 | $880 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,160 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,380 | $250,071 | 0.55% | F |
| 4BR | $1,540 | $286,699 | 0.54% | F |
U.S. Census Bureau data (2024)
ZIP code 45877, located within Putnam County, OH, presents a distinct profile when compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for 45877 is set at $1030 for fiscal year 2024, which is higher than the market rent figure of $922. This indicates that the government's assessment of rental costs in 45877 exceeds what the market currently demands, potentially making it a favorable area for landlords participating in the Section 8 program.
The median home value in 45877 is $232,166, which is a critical metric for understanding the overall housing market dynamics. If this figure is lower than the average home value across other ZIP codes in Putnam County, it suggests that 45877 could be considered a value pocket where property investments might offer better returns relative to the cost of living and market conditions.
A key indicator for potential Section 8 activity is the renter share, which stands at 19.3% in 45877. If this percentage is notably higher than the average renter share in other ZIP codes of Putnam County, it points towards a greater concentration of renters, many of whom might be participating in the Section 8 program. High renter share combined with lower-than-average home values often signifies an area attractive to Section 8 participants due to affordability.
To definitively categorize 45877 as either a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we need to compare its metrics with those of other ZIP codes in Putnam County. However, based on the given data, 45877 shows characteristics that could position it as a value pocket for Section 8 investors, given the higher FMR relative to market rent and the possibility of a lower home value compared to the county average.
If you require more precise comparisons or additional insights into how 45877 stacks up against other ZIP codes in Putnam County, further analysis would be necessary. For now, the data suggests that 45877 offers a balanced opportunity for landlords and small-portfolio investors interested in Section 8 properties, especially if the home values are indeed below the county average and the renter share is above typical levels.
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.