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OH/Allen County/Lima

Lima, OH

CitySAFMR
Allen County
Found 6 ZIPs
Zillow

City Median Investment Score

66Below average

095130300
BRFMR
Eff. Rent
0 BR$870 – $970$820 – $1,010
1 BR$880 – $980$810 – $1,000
2 BR$1,150 – $1,280$970 – $1,280
3 BR$1,380 – $1,580$1,300 – $1,580
4 BR$1,530 – $1,760$1,280 – $1,760
5 BR$1,846Not available
6 BR$2,123Not available
7 BR$2,441Not available
8 BR$2,807Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
2
0.82-1.11
1 BR
1
1
1
1
1
0.91-1.14
2 BR
3
1.05-1.24
3 BR
2
2
0.97-1.11
4 BR
2
1.10-1.25
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Lima, OH fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 6 ZIP codes in Lima, OH ranges from $1,150 to $1,280 a month, with a median of $1,205. That is up 6.2% from $1,135 in FY 2026. Lima is in the Lima, OH MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,179. The median county two-bedroom FMR in Ohio is $1,048, so Lima is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Lima, OH
BedroomsFY 2027Change90–110% range
Studio$915+6.4%$824–$1,007
1BR$920+6.4%$828–$1,012
2BR$1,205+6.2%$1,085–$1,326
3BR$1,450+5.8%$1,305–$1,595
4BR$1,605+4.9%$1,445–$1,766

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Lima, OH
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$915$920$1,205$1,450$1,605
FY 2026$860$865$1,135$1,370$1,530
FY 2025$795$800$1,045$1,285$1,470
FY 2024$725$745$960$1,195$1,345
FY 2023$665$690$865$1,100$1,260

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
45806$1,280+6.2%
45807$1,230+2.1%
45805$1,210+0.4%
45804$1,200−0.4%
45802$1,180−2.1%
45801$1,150−4.6%

Questions about Lima, OH rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,179, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,061 to $1,297 a month; under the ZIP-level Small Area FMR of $1,205 it would be $1,085 to $1,326. 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 Lima, OH in?

Lima, OH is in the Lima, OH MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,179.

How much did fair market rent change in Lima, OH for FY 2027?

The two-bedroom FMR rose 6.2%, from $1,135 in FY 2026 to $1,205 in FY 2027. Since FY 2023 it has risen 39.3%.

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

County fair market rentOH statewide rentsWhat is SAFMR?Data sources