45845 Fort Loramie, OH Fair Market Rent

What the FMR for ZIP 45845 actually means

HUD publishes Small Area Fair Market Rents at the ZIP code level for designated metros. ZIP 45845 (Fort Loramie, OH) is covered by Shelby County, OH, so FY 2026 figures here are ZIP-specific: $740 for a 1-bedroom, studio $680, 2-bedroom $970, 3-bedroom $1,300, and 4-bedroom $1,360. These are 40th-percentile gross rents (utilities except telephone), not live asking rents. Housing Choice Voucher payment standards are typically set between 90% and 110% of the applicable FMR/SAFMR.

Because this page uses SAFMR, nearby ZIPs in Shelby can show different bedroom figures. Against the national benchmark the 1-bedroom SAFMR here is 23% below the US average of $959, and 15% below the OH state average of $873.

For budgeting, the 30% affordability rule says rent should not exceed 30% of gross household income. At the FY 2026 1-bedroom FMR of $740, that implies a household income of $29,600 per year (about $2,467/month) to avoid being cost-burdened, a 2-bedroom at $970 lifts that threshold higher still. ZIP 45845 has a population of 3,178 residents, so the gap between these FMR figures and local wages shapes how many households qualify as rent-burdened (paying more than 30% of income) or severely burdened (above 50%).