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OH/Mahoning County/Mineral Ridge

Mineral Ridge, OH

CitySAFMR
Mahoning County
Found 1 ZIP

City Median Investment Score

109Above average

095130300
BRFMR
Eff. Rent
0 BR$760$840
1 BR$800$880
2 BR$1,000$1,040
3 BR$1,300$1,420
4 BR$1,370$1,500
5 BR$1,575Not available
6 BR$1,812Not available
7 BR$2,084Not available
8 BR$2,396Not available

Purchase Price Calculator

Maximum purchase price
$92,627

Cost breakdown

+Likely effective rent$1,040
HUD FMR$1,000
Market rent$1,060
Est. payment standard (104%)Used$1,040
-Principal and interest-$468
Loan amount$74,102
Down payment$18,525
Rate6.50%
Term30 years
-Operating costs-$372
Property taxes-$93
Insurance-$175
Utilities$0
HOA$0
Management-$104
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,977(91.6% ROI)
Projected value
$99,749
Return breakdown
Property appreciation+$7,122
Loan principal paid down+$2,655
Rental cash flow+$7,200
5-year hold
+$28,906(156.0% ROI)
Projected value
$104,799
Return breakdown
Property appreciation+$12,172
Loan principal paid down+$4,734
Rental cash flow+$12,000
10-year hold
+$61,225(330.5% ROI)
Projected value
$118,570
Return breakdown
Property appreciation+$25,943
Loan principal paid down+$11,281
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.84
1 BR
0.83
2 BR
0.94
3 BR
0.87
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Mineral Ridge, OH fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mineral Ridge, OH is $1,000 a month. That is up 3.1% from $970 in FY 2026. Mineral Ridge is in the Youngstown-Warren, 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 $1,003. The median county two-bedroom FMR in Ohio is $1,048, so Mineral Ridge is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Mineral Ridge, OH
BedroomsFY 2027Change90–110% range
Studio$760+4.1%$684–$836
1BR$800+3.9%$720–$880
2BR$1,000+3.1%$900–$1,100
3BR$1,300+2.4%$1,170–$1,430
4BR$1,370+2.2%$1,233–$1,507

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Mineral Ridge, OH
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$760$800$1,000$1,300$1,370
FY 2026$730$770$970$1,270$1,340
FY 2025$660$700$880$1,170$1,240
FY 2024$630$680$860$1,130$1,200
FY 2023$570$630$790$1,060$1,120

Questions about Mineral Ridge, OH rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,003, which applies unless the housing authority uses Small Area FMRs, that basic range is $903 to $1,103 a month; under the ZIP-level Small Area FMR of $1,000 it would be $900 to $1,100. 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 Mineral Ridge, OH in?

Mineral Ridge, OH is in the Youngstown-Warren, OH MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,003.

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

The two-bedroom FMR rose 3.1%, from $970 in FY 2026 to $1,000 in FY 2027. Since FY 2023 it has risen 26.6%.

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