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OH/Delaware County/Lewis Center

Lewis Center, OH

CitySAFMR
Delaware County
Found 1 ZIP

City Median Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,590$1,250
1 BR$1,700$1,490
2 BR$2,020$2,010
3 BR$2,410$2,420
4 BR$2,740$2,800
5 BR$3,151Not available
6 BR$3,624Not available
7 BR$4,167Not available
8 BR$4,792Not available

Purchase Price Calculator

Maximum purchase price
$236,769

Cost breakdown

+Likely effective rent$2,010
HUD FMR$2,020
Market rentUsed$2,010
Est. payment standard (100%)$2,010
-Principal and interest-$1,197
Loan amount$189,415
Down payment$47,354
Rate6.50%
Term30 years
-Operating costs-$613
Property taxes-$237
Insurance-$175
Utilities$0
HOA$0
Management-$201
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,192(68.0% ROI)
Projected value
$254,974
Return breakdown
Property appreciation+$18,205
Loan principal paid down+$6,786
Rental cash flow+$7,200
5-year hold
+$55,215(116.6% ROI)
Projected value
$267,882
Return breakdown
Property appreciation+$31,113
Loan principal paid down+$12,102
Rental cash flow+$12,000
10-year hold
+$119,152(251.6% ROI)
Projected value
$303,084
Return breakdown
Property appreciation+$66,315
Loan principal paid down+$28,836
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.27
1 BR
1.14
2 BR
1.00
3 BR
1.00
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Lewis Center, OH fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lewis Center, OH is $2,020 a month. That is up 12.8% from $1,790 in FY 2026. Lewis Center 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 Lewis Center is 93% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Lewis Center, OH
BedroomsFY 2027Change90–110% range
Studio$1,590+14.4%$1,431–$1,749
1BR$1,700+14.1%$1,530–$1,870
2BR$2,020+12.8%$1,818–$2,222
3BR$2,410+12.1%$2,169–$2,651
4BR$2,740+13.7%$2,466–$3,014

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Lewis Center, OH
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,590$1,700$2,020$2,410$2,740
FY 2026$1,390$1,490$1,790$2,150$2,410
FY 2025$1,350$1,460$1,770$2,130$2,380
FY 2024$1,180$1,290$1,580$1,910$2,120
FY 2023$1,010$1,120$1,390$1,700$1,890

Questions about Lewis Center, OH rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,020, that basic range is $1,818 to $2,222 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 Lewis Center, OH in?

Lewis Center, 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 Lewis Center, OH for FY 2027?

The two-bedroom FMR rose 12.8%, from $1,790 in FY 2026 to $2,020 in FY 2027. Since FY 2023 it has risen 45.3%.

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