Location: Van Wert 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 | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,290 | $156,586 | 0.82% | C |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 45886 are straightforward. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for fiscal year 2026 is set at $970. This figure represents the maximum amount that the housing authority will pay on behalf of a tenant with a voucher. However, the local market rent for a similar unit, based on Census ACS data, averages around $692.
A voucher payment consists of two parts: the tenant's contribution and the housing authority's subsidy. The tenant must pay 30% of their adjusted income towards rent, which includes a portion for utilities. For example, if a tenant has an adjusted income of $1,000 per month, they would contribute $300 towards rent. The remaining balance up to the SAFMR of $970 is then covered by the housing authority, assuming the landlord accepts the voucher at the SAFMR rate.
To illustrate, let's consider a two-bedroom apartment priced at the SAFMR of $970. If the tenant contributes $300, the housing authority would cover the difference, which is $670. In ZIP 45886, where the average market rent is $692, this leaves a small surplus for the landlord. However, it's important to note that the housing authority's payment does not exceed the SAFMR rate, even if the market rent is higher.
In ZIP 45886, landlords should expect the typical reimbursement for a two-bedroom apartment to be less than the SAFMR rate due to the lower market rent. Therefore, the reimbursement gap or surplus is minimal. In this case, the average market rent of $692 means that landlords will receive approximately $692 from the voucher program, which is slightly below the SAFMR but still provides a steady income source. The actual amount can vary depending on the tenant's income and the specific terms of the voucher agreement.
Landlords should also be aware that utility allowances are included in the voucher payments. These allowances are intended to cover the cost of utilities such as electricity, water, and gas. The allowance amounts are determined by HUD and can vary by location and type of utility. In ZIP 45886, the utility allowance adds to the total reimbursement, ensuring that tenants have sufficient funds to cover both rent and utilities.
In summary, landlords in ZIP 45886 can expect a two-bedroom voucher to pay an average of $692, which is close to the market rent but below the SAFMR of $970. This results in a slight surplus for landlords when compared to the average market rent, making Section 8 a viable option for rental properties in this area.
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.