Location: Paulding 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 | $800 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,770 |
| 5 Bedrooms | $2,053 |
| 6 Bedrooms | $2,299 |
| 7 Bedrooms | $2,483 |
| 8 Bedrooms | $2,607 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $126,031 | 0.84% | C |
| 3BR | $1,390 | $185,159 | 0.75% | D |
| 4BR | $1,770 | $207,055 | 0.85% | C |
U.S. Census Bureau data (2024)
The ZIP code 45880, located in Payne, OH, has a population of 2,470 residents, with 18.7% being renters. This indicates that it is not a heavily renter-dominated area, but rather an area where homeownership is more prevalent. The median household income stands at $69,500, which is above the national average and suggests a relatively stable economic environment.
In terms of rental affordability, the market rent of $768 per month represents approximately 13.9% of the median household income. This is calculated by dividing the monthly rent by the annual median income and multiplying by 100. For context, the Fair Market Rent (FMR) for the area is set at $1,060, indicating that the market rent is below the FMR threshold, which is beneficial for both landlords and tenants.
The lower market rent compared to the FMR suggests that there is a significant portion of the population that can afford housing without needing assistance, but it also implies that there could be a reasonable demand for Section 8 vouchers among those who still struggle to meet housing costs. However, given the relatively low percentage of renters and the higher median income, the overall demand for vouchers might not be as high as in more densely populated renter areas.
A landlord in ZIP 45880 can expect a tenant pool that is financially stable enough to cover the market rent without much difficulty. Tenants here are likely to have steady employment and a good track record of paying rent on time, due to the strong local economy. While some tenants may rely on Section 8 vouchers, the majority will likely be able to pay market rates without assistance.
To conclude, ZIP 45880 is not characterized by a heavy reliance on Section 8 vouchers, but it does offer opportunities for landlords to attract tenants who are financially secure and can contribute positively to the rental market. The combination of a moderate renter population and a below-FMR market rent makes it a viable location for landlords and small-portfolio investors looking for a balanced investment opportunity.
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.