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OH/Union County/Milford Center

Milford Center, OH

CitySAFMR
Union County
Found 1 ZIP

City Median Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$1,170$1,170
1 BR$1,280$1,280
2 BR$1,670$1,670
3 BR$2,000$2,000
4 BR$2,200$2,200
5 BR$2,530Not available
6 BR$2,909Not available
7 BR$3,346Not available
8 BR$3,848Not available

Purchase Price Calculator

Maximum purchase price
$186,245

Cost breakdown

+Likely effective rent$1,670
HUD FMRUsed$1,670
Market rentN/A
Est. payment standardN/A
-Principal and interest-$942
Loan amount$148,996
Down payment$37,249
Rate6.50%
Term30 years
-Operating costs-$528
Property taxes-$186
Insurance-$175
Utilities$0
HOA$0
Management-$167
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,859(72.1% ROI)
Projected value
$200,565
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,338
Rental cash flow+$7,200
5-year hold
+$45,993(123.5% ROI)
Projected value
$210,719
Return breakdown
Property appreciation+$24,474
Loan principal paid down+$9,519
Rental cash flow+$12,000
10-year hold
+$98,847(265.4% ROI)
Projected value
$238,409
Return breakdown
Property appreciation+$52,164
Loan principal paid down+$22,683
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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Milford Center, OH fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Milford Center, OH is $1,670 a month. That is up 22.8% from $1,360 in FY 2026. Milford Center is in the Union County, OH HUD Metro FMR Area. 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 $1,607. The median county two-bedroom FMR in Ohio is $1,048, so Milford Center is 59% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Milford Center, OH
BedroomsFY 2027Change90–110% range
Studio$1,170+11.4%$1,053–$1,287
1BR$1,280+19.6%$1,152–$1,408
2BR$1,670+22.8%$1,503–$1,837
3BR$2,000+22.7%$1,800–$2,200
4BR$2,200+22.2%$1,980–$2,420

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Milford Center, OH
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,170$1,280$1,670$2,000$2,200
FY 2026$1,050$1,070$1,360$1,630$1,800
FY 2025$1,020$1,040$1,340$1,620$1,780
FY 2024$900$920$1,210$1,460$1,610
FY 2023$850$890$1,170$1,420$1,570

Questions about Milford Center, OH rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,607, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,446 to $1,768 a month; under the ZIP-level Small Area FMR of $1,670 it would be $1,503 to $1,837. 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 Milford Center, OH in?

Milford Center, OH is in the Union County, OH HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,607.

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

The two-bedroom FMR rose 22.8%, from $1,360 in FY 2026 to $1,670 in FY 2027. Since FY 2023 it has risen 42.7%.

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