FMR is near market; voucher and private rents are aligned.
1.04
1 BR
1 BR- 44040
1.10ratio
FMR$1,570
Market$1,430
vs market+$140
FMR is near market; voucher and private rents are aligned.
1.10
2 BR
2 BR- 44040
1.03ratio
FMR$1,910
Market$1,860
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR- 44040
1.11ratio
FMR$2,440
Market$2,190
vs market+$250
FMR is above market; underwrite to market rent.
1.11
4 BR
4 BR- 44040
0.99ratio
FMR$2,630
Market$2,660
vs market-$30
FMR is near market; voucher and private rents are aligned.
0.99
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
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Gates Mills, OH fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Gates Mills, OH is $1,910 a month. That is down 0.5% from $1,920 in FY 2026. Gates Mills 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 Gates Mills is 82% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Gates Mills, OH
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,400
$1,390
−0.7%
$1,251–$1,529
1BR
$1,590
$1,570
−1.3%
$1,413–$1,727
2BR
$1,920
$1,910
−0.5%
$1,719–$2,101
3BR
$2,470
$2,440
−1.2%
$2,196–$2,684
4BR
$2,640
$2,630
−0.4%
$2,367–$2,893
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Gates Mills, OH
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,390
$1,570
$1,910
$2,440
$2,630
FY 2026
$1,400
$1,590
$1,920
$2,470
$2,640
FY 2025
$1,320
$1,490
$1,810
$2,330
$2,500
FY 2024
$1,000
$1,120
$1,360
$1,760
$1,880
FY 2023
$890
$1,010
$1,230
$1,600
$1,690
Questions about Gates Mills, OH rents
How much will Section 8 pay for a two-bedroom in Gates Mills, OH?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,910, that basic range is $1,719 to $2,101 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 Gates Mills, OH in?
Gates Mills, 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 Gates Mills, OH for FY 2027?
The two-bedroom FMR fell 0.5%, from $1,920 in FY 2026 to $1,910 in FY 2027. Since FY 2023 it has risen 55.3%.
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