Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 43027 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43027 (Homer, OH) is $1,350 a month. That is up 5.5% from $1,280 in FY 2026. Homer 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. Among 34 ZIP codes in Licking County, 43027 is tied for the 16th-highest two-bedroom rent (county range $1,020–$2,300). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43027 is 29% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 43027
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$1,040
+5.1%
$936–$1,144
1BR
$1,060
$1,130
+6.6%
$1,017–$1,243
2BR
$1,280
$1,350
+5.5%
$1,215–$1,485
3BR
$1,570
$1,630
+3.8%
$1,467–$1,793
4BR
$1,720
$1,820
+5.8%
$1,638–$2,002
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 43027
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,040
$1,130
$1,350
$1,630
$1,820
FY 2026
$990
$1,060
$1,280
$1,570
$1,720
FY 2025
$980
$1,040
$1,280
$1,570
$1,720
FY 2024
$860
$940
$1,150
$1,390
$1,540
FY 2023area FMR
$842
$941
$1,163
$1,426
$1,577
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Licking County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 43027?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,350, that basic range is $1,215 to $1,485 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 ZIP 43027 in?
ZIP 43027 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 ZIP 43027 for FY 2027?
The two-bedroom FMR rose 5.5%, from $1,280 in FY 2026 to $1,350 in FY 2027. Since FY 2024 it has risen 17.4%.
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