FMR is near market; voucher and private rents are aligned.
0.98
2 BR
2 BR- 45005
1.04ratio
FMR$1,350
Market$1,300
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.04
3 BR
3 BR- 45005
0.93ratio
FMR$1,780
Market$1,920
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.93
4 BR
4 BR- 45005
0.85ratio
FMR$2,000
Market$2,360
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.85
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
--
Franklin, OH fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Franklin, OH is $1,350 a month. That is up 4.7% from $1,290 in FY 2026. Franklin is in the Dayton-Kettering-Beavercreek, OH MSA, 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 Franklin is 29% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Franklin, OH
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$910
$980
+7.7%
$882–$1,078
1BR
$1,000
$1,060
+6.0%
$954–$1,166
2BR
$1,290
$1,350
+4.7%
$1,215–$1,485
3BR
$1,700
$1,780
+4.7%
$1,602–$1,958
4BR
$1,880
$2,000
+6.4%
$1,800–$2,200
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Franklin, OH
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$980
$1,060
$1,350
$1,780
$2,000
FY 2026
$910
$1,000
$1,290
$1,700
$1,880
FY 2025
$840
$950
$1,230
$1,630
$1,800
FY 2024
$780
$880
$1,150
$1,530
$1,700
FY 2023
$710
$810
$1,060
$1,420
$1,590
Questions about Franklin, OH rents
How much will Section 8 pay for a two-bedroom in Franklin, OH?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,350, that basic range is $1,215 to $1,485 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 Franklin, OH in?
Franklin, OH is in the Dayton-Kettering-Beavercreek, OH MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Franklin, OH for FY 2027?
The two-bedroom FMR rose 4.7%, from $1,290 in FY 2026 to $1,350 in FY 2027. Since FY 2023 it has risen 27.4%.
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