FMR is near market; voucher and private rents are aligned.
1.05
2 BR
2 BR- 45174
1.03ratio
FMR$1,830
Market$1,780
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.03
3 BR
3 BR- 45174
1.03ratio
FMR$2,420
Market$2,350
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.03
4 BR
4 BR- 45174
0.92ratio
FMR$2,670
Market$2,900
vs market-$230
FMR is near market; voucher and private rents are aligned.
0.92
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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Terrace Park, OH fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Terrace Park, OH is $1,830 a month. That is down 9.9% from $2,030 in FY 2026. Terrace Park 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 Terrace Park is 75% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Terrace Park, OH
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,440
$1,300
−9.7%
$1,170–$1,430
1BR
$1,580
$1,430
−9.5%
$1,287–$1,573
2BR
$2,030
$1,830
−9.9%
$1,647–$2,013
3BR
$2,680
$2,420
−9.7%
$2,178–$2,662
4BR
$2,960
$2,670
−9.8%
$2,403–$2,937
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Terrace Park, OH
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,300
$1,430
$1,830
$2,420
$2,670
FY 2026
$1,440
$1,580
$2,030
$2,680
$2,960
FY 2025
$1,320
$1,490
$1,930
$2,560
$2,830
FY 2024
$1,210
$1,380
$1,790
$2,380
$2,650
FY 2023
$900
$1,020
$1,340
$1,790
$2,010
Questions about Terrace Park, OH rents
How much will Section 8 pay for a two-bedroom in Terrace Park, OH?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,830, that basic range is $1,647 to $2,013 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 Terrace Park, OH in?
Terrace Park, 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 Terrace Park, OH for FY 2027?
The two-bedroom FMR fell 9.9%, from $2,030 in FY 2026 to $1,830 in FY 2027. Since FY 2023 it has risen 36.6%.
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