Skip to main content
Loading page
OH/Cuyahoga County/Rocky River

Rocky River, OH

CitySAFMR
Cuyahoga County
Found 1 ZIP

City Median Investment Score

48Below average

095130300
BRFMR
Eff. Rent
0 BR$1,010$1,110
1 BR$1,150$1,160
2 BR$1,390$1,530
3 BR$1,780$1,960
4 BR$1,920$2,110
5 BR$2,208Not available
6 BR$2,539Not available
7 BR$2,920Not available
8 BR$3,358Not available

Purchase Price Calculator

Maximum purchase price
$165,441

Cost breakdown

+Likely effective rent$1,530
HUD FMR$1,390
Market rent$1,650
Est. payment standard (110%)Used$1,530
-Principal and interest-$837
Loan amount$132,353
Down payment$33,088
Rate6.50%
Term30 years
-Operating costs-$493
Property taxes-$165
Insurance-$175
Utilities$0
HOA$0
Management-$153
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,663(74.5% ROI)
Projected value
$178,162
Return breakdown
Property appreciation+$12,721
Loan principal paid down+$4,742
Rental cash flow+$7,200
5-year hold
+$42,196(127.5% ROI)
Projected value
$187,181
Return breakdown
Property appreciation+$21,740
Loan principal paid down+$8,456
Rental cash flow+$12,000
10-year hold
+$90,487(273.5% ROI)
Projected value
$211,778
Return breakdown
Property appreciation+$46,337
Loan principal paid down+$20,149
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.82
1 BR
0.99
2 BR
0.84
3 BR
0.79
4 BR
0.69
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Rocky River, OH fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Rocky River, OH is $1,390 a month. That is down 1.4% from $1,410 in FY 2026. Rocky River 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 Rocky River is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Rocky River, OH
BedroomsFY 2027Change90–110% range
Studio$1,010−1.9%$909–$1,111
1BR$1,150−1.7%$1,035–$1,265
2BR$1,390−1.4%$1,251–$1,529
3BR$1,780−1.7%$1,602–$1,958
4BR$1,920−1.0%$1,728–$2,112

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Rocky River, OH
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,010$1,150$1,390$1,780$1,920
FY 2026$1,030$1,170$1,410$1,810$1,940
FY 2025$950$1,070$1,300$1,670$1,790
FY 2024$860$970$1,180$1,530$1,630
FY 2023$760$870$1,060$1,380$1,450

Questions about Rocky River, OH rents

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

Rocky River, 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 Rocky River, OH for FY 2027?

The two-bedroom FMR fell 1.4%, from $1,410 in FY 2026 to $1,390 in FY 2027. Since FY 2023 it has risen 31.1%.

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