FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR- 43054
1.01ratio
FMR$2,300
Market$2,280
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR- 43054
1.11ratio
FMR$2,740
Market$2,470
vs market+$270
FMR is above market; underwrite to market rent.
1.11
4 BR
4 BR- 43054
0.98ratio
FMR$3,120
Market$3,170
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.98
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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New Albany, OH fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in New Albany, OH is $2,300 a month. That is up 12.7% from $2,040 in FY 2026. New Albany 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 New Albany is 119% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for New Albany, OH
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,580
$1,810
+14.6%
$1,629–$1,991
1BR
$1,700
$1,930
+13.5%
$1,737–$2,123
2BR
$2,040
$2,300
+12.7%
$2,070–$2,530
3BR
$2,450
$2,740
+11.8%
$2,466–$3,014
4BR
$2,750
$3,120
+13.5%
$2,808–$3,432
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for New Albany, OH
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,810
$1,930
$2,300
$2,740
$3,120
FY 2026
$1,580
$1,700
$2,040
$2,450
$2,750
FY 2025
$1,540
$1,670
$2,020
$2,430
$2,710
FY 2024
$1,340
$1,470
$1,800
$2,180
$2,410
FY 2023
$1,170
$1,300
$1,610
$1,970
$2,180
Questions about New Albany, OH rents
How much will Section 8 pay for a two-bedroom in New Albany, OH?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,300, that basic range is $2,070 to $2,530 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 New Albany, OH in?
New Albany, 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 New Albany, OH for FY 2027?
The two-bedroom FMR rose 12.7%, from $2,040 in FY 2026 to $2,300 in FY 2027. Since FY 2023 it has risen 42.9%.
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