FMR is below market; voucher rent may lag private rents.
0.64
1 BR
1 BR- 44215
0.66ratio
FMR$1,100
Market$1,660
vs market-$560
FMR is below market; voucher rent may lag private rents.
0.66
2 BR
2 BR- 44215
0.79ratio
FMR$1,330
Market$1,680
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 44215
0.87ratio
FMR$1,700
Market$1,950
vs market-$250
FMR is below market; voucher rent may lag private rents.
0.87
4 BR
4 BR- 44215
0.92ratio
FMR$1,830
Market$1,980
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.92
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
--
Chippewa Lake, OH fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Chippewa Lake, OH is $1,330 a month. That is down 1.5% from $1,350 in FY 2026. Chippewa Lake 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 Chippewa Lake is 27% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Chippewa Lake, OH
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$960
−3.0%
$864–$1,056
1BR
$1,120
$1,100
−1.8%
$990–$1,210
2BR
$1,350
$1,330
−1.5%
$1,197–$1,463
3BR
$1,740
$1,700
−2.3%
$1,530–$1,870
4BR
$1,860
$1,830
−1.6%
$1,647–$2,013
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Chippewa Lake, OH
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$960
$1,100
$1,330
$1,700
$1,830
FY 2026
$990
$1,120
$1,350
$1,740
$1,860
FY 2025
$920
$1,040
$1,260
$1,620
$1,740
FY 2024
$870
$980
$1,190
$1,540
$1,640
FY 2023
$770
$880
$1,070
$1,390
$1,470
Questions about Chippewa Lake, OH rents
How much will Section 8 pay for a two-bedroom in Chippewa Lake, OH?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,330, that basic range is $1,197 to $1,463 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 Chippewa Lake, OH in?
Chippewa Lake, 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 Chippewa Lake, OH for FY 2027?
The two-bedroom FMR fell 1.5%, from $1,350 in FY 2026 to $1,330 in FY 2027. Since FY 2023 it has risen 24.3%.
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