Section 8 Fair Market Rent (FMR) for ZIP 45883 - 2027

Location: Mercer County, OH | Metro: Darke County, OH

Investment Score for ZIP 45883

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$332,772

1% Rule

0.3%

Annual Yield

3.61%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$800
2 Bedrooms	$1,000
3 Bedrooms	$1,250
4 Bedrooms	$1,390
5 Bedrooms	$1,612
6 Bedrooms	$1,805
7 Bedrooms	$1,949
8 Bedrooms	$2,046

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,000	$332,772	0.3%	F
3BR	$1,250	$398,579	0.31%	F
4BR	$1,390	$411,500	0.34%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,144

Median Household Income

$113,967

Housing Units

1,312

Renter Percentage

9.6%

Occupancy Rate

92.0%

Renter Occupied

116

The ZIP code 45883, encompassing Saint Henry, OH, is a rural area that offers unique opportunities for real estate investment, particularly for those interested in Section 8 housing. The market here is characterized by a mix of homeowners and renters, with rental properties playing a significant role due to federal housing assistance programs.

Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970. This indicates the maximum amount that a landlord can charge for a Section 8 voucher holder in the region, providing a benchmark for rental pricing.
The market rent, as per the latest Census American Community Survey (ACS), stands at $875. This figure reflects the average rent paid by tenants in the area, suggesting a slightly below FMR rental environment.
The median home value in Saint Henry, OH is $373,056. This value gives insight into the overall property values in the area, which can be indicative of the potential for appreciation and investment growth.
Renters make up 9.6% of the total population. This percentage highlights the size of the rental market relative to homeownership, indicating a niche but present demand for rental properties.
The median income in the area is $113,967. This high median income suggests that residents have the financial capacity to contribute to higher rents or mortgage payments, potentially increasing the attractiveness of the area for real estate investments.
The days on market (DOM) for rental properties is not available. This could indicate either a robust local market where rentals are quickly filled or a lack of comprehensive data on rental listings.

In summary, Saint Henry, OH presents a balanced real estate market with a defined rental segment supported by federal housing assistance programs. The current market rent is lower than the FMR, offering a potential for price increases as the market adjusts. The high median income supports the possibility of upward pressure on rents and property values. For investors focused on Section 8 properties, the area provides a stable environment with a solid tenant base, though the absence of DOM data may require additional local research to fully understand the rental dynamics.

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.