FMR is below market; voucher rent may lag private rents.
0.90
1 BR
1 BR- 45065
1.10ratio
FMR$1,480
Market$1,350
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.10
2 BR
2 BR- 45065
1.13ratio
FMR$1,890
Market$1,680
vs market+$210
FMR is above market; underwrite to market rent.
1.13
3 BR
3 BR- 45065
1.14ratio
FMR$2,490
Market$2,180
vs market+$310
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR- 45065
1.12ratio
FMR$2,810
Market$2,500
vs market+$310
FMR is above market; underwrite to market rent.
1.12
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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South Lebanon, OH fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in South Lebanon, OH is $1,890 a month. That is up 6.8% from $1,770 in FY 2026. South Lebanon is in the Cincinnati, OH-KY-IN 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 South Lebanon is 80% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for South Lebanon, OH
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,250
$1,380
+10.4%
$1,242–$1,518
1BR
$1,380
$1,480
+7.2%
$1,332–$1,628
2BR
$1,770
$1,890
+6.8%
$1,701–$2,079
3BR
$2,340
$2,490
+6.4%
$2,241–$2,739
4BR
$2,590
$2,810
+8.5%
$2,529–$3,091
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for South Lebanon, OH
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,380
$1,480
$1,890
$2,490
$2,810
FY 2026
$1,250
$1,380
$1,770
$2,340
$2,590
FY 2025
$1,140
$1,280
$1,660
$2,200
$2,430
FY 2024
$1,040
$1,180
$1,530
$2,030
$2,260
FY 2023
$870
$1,000
$1,300
$1,740
$1,960
Questions about South Lebanon, OH rents
How much will Section 8 pay for a two-bedroom in South Lebanon, OH?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,890, that basic range is $1,701 to $2,079 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 South Lebanon, OH in?
South Lebanon, OH is in the Cincinnati, OH-KY-IN 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 South Lebanon, OH for FY 2027?
The two-bedroom FMR rose 6.8%, from $1,770 in FY 2026 to $1,890 in FY 2027. Since FY 2023 it has risen 45.4%.
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