FMR is below market; voucher rent may lag private rents.
0.48
1 BR
1 BR- 44264
0.53ratio
FMR$1,080
Market$2,020
vs market-$940
FMR is below market; voucher rent may lag private rents.
0.53
2 BR
2 BR- 44264
0.66ratio
FMR$1,390
Market$2,110
vs market-$720
FMR is below market; voucher rent may lag private rents.
0.66
3 BR
3 BR- 44264
0.67ratio
FMR$1,660
Market$2,460
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.67
4 BR
4 BR- 44264
0.62ratio
FMR$1,830
Market$2,970
vs market-$1,140
FMR is below market; voucher rent may lag private rents.
0.62
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
--
Peninsula, OH fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Peninsula, OH is $1,390 a month. That is down 2.8% from $1,430 in FY 2026. Peninsula is in the Akron, OH MSA, 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 Peninsula is 33% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Peninsula, OH
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,020
$1,000
−2.0%
$900–$1,100
1BR
$1,110
$1,080
−2.7%
$972–$1,188
2BR
$1,430
$1,390
−2.8%
$1,251–$1,529
3BR
$1,740
$1,660
−4.6%
$1,494–$1,826
4BR
$1,900
$1,830
−3.7%
$1,647–$2,013
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Peninsula, OH
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,000
$1,080
$1,390
$1,660
$1,830
FY 2026
$1,020
$1,110
$1,430
$1,740
$1,900
FY 2025
$880
$970
$1,250
$1,540
$1,660
FY 2024
$800
$890
$1,140
$1,430
$1,520
FY 2023
$800
$910
$1,150
$1,450
$1,550
Questions about Peninsula, OH rents
How much will Section 8 pay for a two-bedroom in Peninsula, OH?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,390, that basic range is $1,251 to $1,529 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 Peninsula, OH in?
Peninsula, OH is in the Akron, OH MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Peninsula, OH for FY 2027?
The two-bedroom FMR fell 2.8%, from $1,430 in FY 2026 to $1,390 in FY 2027. Since FY 2023 it has risen 20.9%.
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