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Rittman, OH

CitySAFMR
Wayne County
Found 1 ZIP

City Median Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$720$790
1 BR$810$890
2 BR$1,030$1,060
3 BR$1,250$1,350
4 BR$1,450$1,570
5 BR$1,667Not available
6 BR$1,918Not available
7 BR$2,205Not available
8 BR$2,536Not available

Purchase Price Calculator

Maximum purchase price
$95,599

Cost breakdown

+Likely effective rent$1,060
HUD FMR$1,030
Market rent$1,080
Est. payment standard (103%)Used$1,060
-Principal and interest-$483
Loan amount$76,479
Down payment$19,120
Rate6.50%
Term30 years
-Operating costs-$377
Property taxes-$96
Insurance-$175
Utilities$0
HOA$0
Management-$106
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,291(90.4% ROI)
Projected value
$102,950
Return breakdown
Property appreciation+$7,351
Loan principal paid down+$2,740
Rental cash flow+$7,200
5-year hold
+$29,449(154.0% ROI)
Projected value
$108,162
Return breakdown
Property appreciation+$12,563
Loan principal paid down+$4,886
Rental cash flow+$12,000
10-year hold
+$62,419(326.5% ROI)
Projected value
$122,375
Return breakdown
Property appreciation+$26,776
Loan principal paid down+$11,643
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.86
1 BR
0.87
2 BR
0.95
3 BR
0.89
4 BR
0.88
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Rittman, OH fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Rittman, OH is $1,030 a month. That is up 4.0% from $990 in FY 2026. Rittman is in the Wayne County, OH non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,082. The median county two-bedroom FMR in Ohio is $1,048, so Rittman is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Rittman, OH
BedroomsFY 2027Change90–110% range
Studio$720+4.3%$648–$792
1BR$810+3.8%$729–$891
2BR$1,030+4.0%$927–$1,133
3BR$1,250+2.5%$1,125–$1,375
4BR$1,450+2.1%$1,305–$1,595

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Rittman, OH
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$720$810$1,030$1,250$1,450
FY 2026$690$780$990$1,220$1,420
FY 2025$730$830$1,000$1,300$1,380
FY 2024$700$790$960$1,240$1,320
FY 2023$630$720$880$1,140$1,210

Questions about Rittman, OH rents

How much will Section 8 pay for a two-bedroom in Rittman, OH?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,082, which applies unless the housing authority uses Small Area FMRs, that basic range is $974 to $1,190 a month; under the ZIP-level Small Area FMR of $1,030 it would be $927 to $1,133. 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 Rittman, OH in?

Rittman, OH is in the Wayne County, OH non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,082.

How much did fair market rent change in Rittman, OH for FY 2027?

The two-bedroom FMR rose 4.0%, from $990 in FY 2026 to $1,030 in FY 2027. Since FY 2023 it has risen 17.0%.

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