FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR- 44077
0.92ratio
FMR$1,010
Market$1,100
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR- 44077
0.82ratio
FMR$1,230
Market$1,500
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.82
3 BR
3 BR- 44077
0.88ratio
FMR$1,570
Market$1,790
vs market-$220
FMR is below market; voucher rent may lag private rents.
0.88
4 BR
4 BR- 44077
0.91ratio
FMR$1,690
Market$1,860
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.91
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
--
Painesville, OH fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Painesville, OH is $1,230 a month. That is unchanged from FY 2026. Painesville 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 Painesville is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Painesville, OH
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$900
$890
−1.1%
$801–$979
1BR
$1,020
$1,010
−1.0%
$909–$1,111
2BR
$1,230
$1,230
0.0%
$1,107–$1,353
3BR
$1,580
$1,570
−0.6%
$1,413–$1,727
4BR
$1,690
$1,690
0.0%
$1,521–$1,859
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Painesville, OH
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$890
$1,010
$1,230
$1,570
$1,690
FY 2026
$900
$1,020
$1,230
$1,580
$1,690
FY 2025
$850
$960
$1,170
$1,500
$1,610
FY 2024
$790
$890
$1,080
$1,400
$1,490
FY 2023
$720
$820
$1,000
$1,300
$1,370
Questions about Painesville, OH rents
How much will Section 8 pay for a two-bedroom in Painesville, OH?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,230, that basic range is $1,107 to $1,353 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 Painesville, OH in?
Painesville, 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 Painesville, OH for FY 2027?
The two-bedroom FMR was unchanged at $1,230 in FY 2027. Since FY 2023 it has risen 23.0%.
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