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Hilliard, OH

CitySAFMR
Madison County
Found 1 ZIP

City Median Investment Score

86Below average

095130300
BRFMR
Eff. Rent
0 BR$1,510$1,390
1 BR$1,610$1,400
2 BR$1,920$1,980
3 BR$2,290$2,300
4 BR$2,600$2,640
5 BR$2,990Not available
6 BR$3,438Not available
7 BR$3,954Not available
8 BR$4,547Not available

Purchase Price Calculator

Maximum purchase price
$232,311

Cost breakdown

+Likely effective rent$1,980
HUD FMR$1,920
Market rent$2,010
Est. payment standard (103%)Used$1,980
-Principal and interest-$1,175
Loan amount$185,849
Down payment$46,462
Rate6.50%
Term30 years
-Operating costs-$605
Property taxes-$232
Insurance-$175
Utilities$0
HOA$0
Management-$198
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,721(68.3% ROI)
Projected value
$250,173
Return breakdown
Property appreciation+$17,863
Loan principal paid down+$6,659
Rental cash flow+$7,200
5-year hold
+$54,401(117.1% ROI)
Projected value
$262,838
Return breakdown
Property appreciation+$30,528
Loan principal paid down+$11,874
Rental cash flow+$12,000
10-year hold
+$117,360(252.6% ROI)
Projected value
$297,377
Return breakdown
Property appreciation+$65,067
Loan principal paid down+$28,293
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.09
1 BR
1.15
2 BR
0.96
3 BR
0.99
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Hilliard, OH fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hilliard, OH is $1,920 a month. That is up 14.3% from $1,680 in FY 2026. Hilliard is in the Columbus, 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 Hilliard is 83% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Hilliard, OH
BedroomsFY 2027Change90–110% range
Studio$1,510+15.3%$1,359–$1,661
1BR$1,610+15.0%$1,449–$1,771
2BR$1,920+14.3%$1,728–$2,112
3BR$2,290+13.9%$2,061–$2,519
4BR$2,600+15.0%$2,340–$2,860

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Hilliard, OH
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,510$1,610$1,920$2,290$2,600
FY 2026$1,310$1,400$1,680$2,010$2,260
FY 2025$1,270$1,370$1,660$2,000$2,230
FY 2024$1,110$1,220$1,490$1,800$2,000
FY 2023$950$1,060$1,310$1,610$1,780

Questions about Hilliard, OH rents

How much will Section 8 pay for a two-bedroom in Hilliard, OH?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,920, that basic range is $1,728 to $2,112 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 Hilliard, OH in?

Hilliard, OH is in the Columbus, 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 Hilliard, OH for FY 2027?

The two-bedroom FMR rose 14.3%, from $1,680 in FY 2026 to $1,920 in FY 2027. Since FY 2023 it has risen 46.6%.

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