FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR- 44070
0.77ratio
FMR$1,100
Market$1,430
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR- 44070
0.80ratio
FMR$1,340
Market$1,680
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.80
3 BR
3 BR- 44070
0.76ratio
FMR$1,710
Market$2,260
vs market-$550
FMR is below market; voucher rent may lag private rents.
0.76
4 BR
4 BR- 44070
0.72ratio
FMR$1,850
Market$2,570
vs market-$720
FMR is below market; voucher rent may lag private rents.
0.72
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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North Olmsted, OH fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in North Olmsted, OH is $1,340 a month. That is down 0.7% from $1,350 in FY 2026. North Olmsted is in the Cleveland, 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 North Olmsted is 28% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for North Olmsted, OH
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$970
−2.0%
$873–$1,067
1BR
$1,120
$1,100
−1.8%
$990–$1,210
2BR
$1,350
$1,340
−0.7%
$1,206–$1,474
3BR
$1,740
$1,710
−1.7%
$1,539–$1,881
4BR
$1,860
$1,850
−0.5%
$1,665–$2,035
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for North Olmsted, OH
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$970
$1,100
$1,340
$1,710
$1,850
FY 2026
$990
$1,120
$1,350
$1,740
$1,860
FY 2025
$950
$1,070
$1,300
$1,670
$1,790
FY 2024
$870
$980
$1,190
$1,540
$1,640
FY 2023
$780
$890
$1,080
$1,400
$1,480
Questions about North Olmsted, OH rents
How much will Section 8 pay for a two-bedroom in North Olmsted, OH?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,340, that basic range is $1,206 to $1,474 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 North Olmsted, OH in?
North Olmsted, OH is in the Cleveland, 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 North Olmsted, OH for FY 2027?
The two-bedroom FMR fell 0.7%, from $1,350 in FY 2026 to $1,340 in FY 2027. Since FY 2023 it has risen 24.1%.
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