FMR is below market; voucher rent may lag private rents.
0.89
1 BR
1 BR- 44138
0.97ratio
FMR$1,230
Market$1,270
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR- 44138
0.91ratio
FMR$1,490
Market$1,640
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.91
3 BR
3 BR- 44138
0.91ratio
FMR$1,900
Market$2,090
vs market-$190
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR- 44138
0.80ratio
FMR$2,050
Market$2,570
vs market-$520
FMR is below market; voucher rent may lag private rents.
0.80
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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Olmsted Falls, OH fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Olmsted Falls, OH is $1,490 a month. That is down 0.7% from $1,500 in FY 2026. Olmsted Falls 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 Olmsted Falls is 42% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Olmsted Falls, OH
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,090
$1,080
−0.9%
$972–$1,188
1BR
$1,240
$1,230
−0.8%
$1,107–$1,353
2BR
$1,500
$1,490
−0.7%
$1,341–$1,639
3BR
$1,930
$1,900
−1.6%
$1,710–$2,090
4BR
$2,060
$2,050
−0.5%
$1,845–$2,255
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Olmsted Falls, OH
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,080
$1,230
$1,490
$1,900
$2,050
FY 2026
$1,090
$1,240
$1,500
$1,930
$2,060
FY 2025
$1,060
$1,190
$1,450
$1,860
$2,000
FY 2024
$990
$1,110
$1,350
$1,750
$1,860
FY 2023
$870
$990
$1,210
$1,570
$1,660
Questions about Olmsted Falls, OH rents
How much will Section 8 pay for a two-bedroom in Olmsted Falls, OH?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,490, that basic range is $1,341 to $1,639 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 Olmsted Falls, OH in?
Olmsted Falls, 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 Olmsted Falls, OH for FY 2027?
The two-bedroom FMR fell 0.7%, from $1,500 in FY 2026 to $1,490 in FY 2027. Since FY 2023 it has risen 23.1%.
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