Section 8 Fair Market Rent (FMR) for ZIP 45889 - 2027

Investment Score for ZIP 45889

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	$810
1 Bedroom	$880
2 Bedrooms	$1,150
3 Bedrooms	$1,480
4 Bedrooms	$1,640
5 Bedrooms	$1,902
6 Bedrooms	$2,130
7 Bedrooms	$2,300
8 Bedrooms	$2,415

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
3BR	$1,480	$325,919	0.45%	F
4BR	$1,640	$413,880	0.4%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Based on the available data, ZIP 45889, located in Hancock County, OH, can serve as a **cash-flow anchor** within a Section 8 portfolio strategy.

The Fair Market Rent (FMR) for ZIP 45889 in fiscal year 2024 is set at $1020 for a one-bedroom unit. Given that the median home value in this ZIP code is $332,973, there is a significant disparity between the FMR and the potential rental income that could be generated from these properties. This makes ZIP 45889 an attractive area for landlords and small-portfolio investors looking to secure stable, government-backed rental income.

The cash-flow anchor designation is supported by the fact that the median income in ZIP 45889 is $93,750, indicating a moderate level of economic stability. However, the specific renter share of 4.0% suggests that the majority of residents in this area are homeowners, which aligns with the higher median home value. Despite this, the presence of Section 8 tenants ensures a consistent and reliable source of rental income.

While appreciation plays and diversifiers are important components of any real estate investment strategy, ZIP 45889 stands out as a cash-flow anchor due to the guaranteed rental income from the Section 8 program. The FMR of $1020 provides a solid foundation for cash flow, especially when compared to the median home value, which implies that the rental income will likely cover mortgage payments, maintenance costs, and other expenses associated with property management.

To further support this strategy, landlords should consider the following:

• Maintenance and Management:** Given the median home value, properties in ZIP 45889 are likely to require regular upkeep to maintain their value and appeal to both Section 8 tenants and potential buyers.
• Tenant Selection:** While the FMR provides a steady income stream, careful tenant selection is crucial to ensure long-term occupancy and minimize turnover costs.
• Market Trends:** Monitor local real estate trends to understand how property values might change over time, but prioritize the immediate benefits of stable rental income.

In conclusion, ZIP 45889 offers a strong case for being a cash-flow anchor in a Section 8 portfolio strategy, thanks to its FMR of $1020 and median home value of $332,973, ensuring a reliable income stream for landlords and small-portfolio investors.