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OH/Champaign County/Westville

Westville, OH

CityFMR
Champaign County
Found 1 ZIP
Zillow
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City Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$732$810
1 BR$830$910
2 BR$1,047$1,150
3 BR$1,361$1,370
4 BR$1,473$1,310
5 BR$1,694Not available
6 BR$1,948Not available
7 BR$2,240Not available
8 BR$2,576Not available

Purchase Price Calculator

Maximum purchase price
$108,973

Cost breakdown

+Likely effective rent$1,150
HUD FMR$1,047
Market rent$1,220
Est. payment standard (110%)Used$1,150
-Principal and interest-$551
Loan amount$87,178
Down payment$21,795
Rate6.50%
Term30 years
-Operating costs-$399
Property taxes-$109
Insurance-$175
Utilities$0
HOA$0
Management-$115
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,702(85.8% ROI)
Projected value
$117,352
Return breakdown
Property appreciation+$8,379
Loan principal paid down+$3,123
Rental cash flow+$7,200
5-year hold
+$31,890(146.3% ROI)
Projected value
$123,293
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,570
Rental cash flow+$12,000
10-year hold
+$67,794(311.1% ROI)
Projected value
$139,495
Return breakdown
Property appreciation+$30,522
Loan principal paid down+$13,272
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.72
1 BR
0.84
2 BR
0.86
3 BR
0.99
4 BR
1.12
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Westville, OH fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in Westville, OH is $1,047 a month. That is up 0.1% from $1,046 in FY 2026. Westville is in the Champaign County, OH non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Westville, OH
BedroomsFY 2027Change90–110% range
Studio$732−0.7%$659–$805
1BR$830+1.5%$747–$913
2BR$1,047+0.1%$942–$1,152
3BR$1,361+2.1%$1,225–$1,497
4BR$1,473+0.2%$1,326–$1,620

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Westville, OH
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$732$830$1,047$1,361$1,473
FY 2026$737$818$1,046$1,333$1,470
FY 2025$661$720$905$1,194$1,262
FY 2024$676$694$879$1,170$1,262
FY 2023$643$647$822$1,128$1,193

Questions about Westville, OH rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,047, that basic range is $942 to $1,152 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 Westville, OH in?

Westville, OH is in the Champaign County, OH non-metropolitan FMR area.

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

The two-bedroom FMR rose 0.1%, from $1,046 in FY 2026 to $1,047 in FY 2027. Since FY 2023 it has risen 27.4%.

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 Fair Market Rents. 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

43083 FMRCounty fair market rentOH statewide rentsWhat is SAFMR?Data sources