FMR is below market; voucher rent may lag private rents.
0.71
1 BR
1 BR- 44041
0.81ratio
FMR$810
Market$1,000
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR- 44041
1.15ratio
FMR$1,400
Market$1,220
vs market+$180
FMR is above market; underwrite to market rent.
1.15
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
--
Geneva, OH fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Geneva, OH is $1,000 a month. That is down 2.9% from $1,030 in FY 2026. Geneva 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 Geneva is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Geneva, OH
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$710
$700
−1.4%
$630–$770
1BR
$830
$810
−2.4%
$729–$891
2BR
$1,030
$1,000
−2.9%
$900–$1,100
3BR
$1,250
$1,230
−1.6%
$1,107–$1,353
4BR
$1,420
$1,400
−1.4%
$1,260–$1,540
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Geneva, OH
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$700
$810
$1,000
$1,230
$1,400
FY 2026
$710
$830
$1,030
$1,250
$1,420
FY 2025
$730
$830
$1,000
$1,300
$1,380
FY 2024
$670
$750
$910
$1,180
$1,250
FY 2023
$590
$670
$820
$1,060
$1,120
Questions about Geneva, OH rents
How much will Section 8 pay for a two-bedroom in Geneva, OH?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,000, that basic range is $900 to $1,100 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 Geneva, OH in?
Geneva, 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 Geneva, OH for FY 2027?
The two-bedroom FMR fell 2.9%, from $1,030 in FY 2026 to $1,000 in FY 2027. Since FY 2023 it has risen 22.0%.
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