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OH/Madison County/South Vienna

South Vienna, OH

CitySAFMR
Madison County
Found 1 ZIP

City Median Investment Score

71Below average

095130300
BRFMR
Eff. Rent
0 BR$810$810
1 BR$890$890
2 BR$1,160$1,160
3 BR$1,430$1,430
4 BR$1,650$1,650
5 BR$1,897Not available
6 BR$2,182Not available
7 BR$2,509Not available
8 BR$2,886Not available

Purchase Price Calculator

Maximum purchase price
$110,459

Cost breakdown

+Likely effective rent$1,160
HUD FMRUsed$1,160
Market rentN/A
Est. payment standardN/A
-Principal and interest-$559
Loan amount$88,367
Down payment$22,092
Rate6.50%
Term30 years
-Operating costs-$401
Property taxes-$110
Insurance-$175
Utilities$0
HOA$0
Management-$116
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,859(85.4% ROI)
Projected value
$118,952
Return breakdown
Property appreciation+$8,493
Loan principal paid down+$3,166
Rental cash flow+$7,200
5-year hold
+$32,161(145.6% ROI)
Projected value
$124,974
Return breakdown
Property appreciation+$14,515
Loan principal paid down+$5,646
Rental cash flow+$12,000
10-year hold
+$68,391(309.6% ROI)
Projected value
$141,397
Return breakdown
Property appreciation+$30,938
Loan principal paid down+$13,453
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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South Vienna, OH fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in South Vienna, OH is $1,160 a month. That is up 3.6% from $1,120 in FY 2026. South Vienna is in the Columbus, 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 South Vienna is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for South Vienna, OH
BedroomsFY 2027Change90–110% range
Studio$810+1.3%$729–$891
1BR$890+2.3%$801–$979
2BR$1,160+3.6%$1,044–$1,276
3BR$1,430+4.4%$1,287–$1,573
4BR$1,650+3.8%$1,485–$1,815

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for South Vienna, OH
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$810$890$1,160$1,430$1,650
FY 2026$800$870$1,120$1,370$1,590
FY 2025$880$960$1,180$1,420$1,580
FY 2024$760$850$1,050$1,290$1,420
FY 2023$660$750$950$1,160$1,290

Questions about South Vienna, OH rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,160, that basic range is $1,044 to $1,276 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 Vienna, OH in?

South Vienna, OH is in the Columbus, 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 South Vienna, OH for FY 2027?

The two-bedroom FMR rose 3.6%, from $1,120 in FY 2026 to $1,160 in FY 2027. Since FY 2023 it has risen 22.1%.

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