FMR is near market; voucher and private rents are aligned.
0.90
1 BR
1 BR- 44140
0.94ratio
FMR$1,450
Market$1,550
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR- 44140
0.94ratio
FMR$1,750
Market$1,870
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 44140
0.88ratio
FMR$2,240
Market$2,550
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR- 44140
0.79ratio
FMR$2,420
Market$3,070
vs market-$650
FMR is below market; voucher rent may lag private rents.
0.79
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Bay Village, OH fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Bay Village, OH is $1,750 a month. That is unchanged from FY 2026. Bay Village is in the Cleveland, OH HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Ohio is $1,048, so Bay Village is 67% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Bay Village, OH
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,280
$1,270
−0.8%
$1,143–$1,397
1BR
$1,450
$1,450
0.0%
$1,305–$1,595
2BR
$1,750
$1,750
0.0%
$1,575–$1,925
3BR
$2,250
$2,240
−0.4%
$2,016–$2,464
4BR
$2,410
$2,420
+0.4%
$2,178–$2,662
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Bay Village, OH
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,270
$1,450
$1,750
$2,240
$2,420
FY 2026
$1,280
$1,450
$1,750
$2,250
$2,410
FY 2025
$1,190
$1,340
$1,630
$2,100
$2,250
FY 2024
$1,080
$1,210
$1,470
$1,900
$2,030
FY 2023
$910
$1,040
$1,270
$1,650
$1,740
Questions about Bay Village, OH rents
How much will Section 8 pay for a two-bedroom in Bay Village, OH?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,750, that basic range is $1,575 to $1,925 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Bay Village, OH in?
Bay Village, OH is in the Cleveland, OH HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Bay Village, OH for FY 2027?
The two-bedroom FMR was unchanged at $1,750 in FY 2027. Since FY 2023 it has risen 37.8%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set