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Logan County/Bellefontaine/43311

43311

ZIPSAFMR
Logan County, OH
Zillow

ZIP Investment Score

65Below average

095130300
BRFMR
Eff. Rent
0 BR$800$880
1 BR$810$890
2 BR$1,060$1,170
3 BR$1,260$1,380
4 BR$1,390$1,530
5 BR$1,598Not available
6 BR$1,838Not available
7 BR$2,114Not available
8 BR$2,431Not available

Purchase Price Calculator

Maximum purchase price
$111,945

Cost breakdown

+Likely effective rent$1,170
HUD FMR$1,060
Market rent$1,260
Est. payment standard (110%)Used$1,170
-Principal and interest-$566
Loan amount$89,556
Down payment$22,389
Rate6.50%
Term30 years
-Operating costs-$404
Property taxes-$112
Insurance-$175
Utilities$0
HOA$0
Management-$117
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,016(84.9% ROI)
Projected value
$120,553
Return breakdown
Property appreciation+$8,608
Loan principal paid down+$3,209
Rental cash flow+$7,200
5-year hold
+$32,432(144.9% ROI)
Projected value
$126,656
Return breakdown
Property appreciation+$14,710
Loan principal paid down+$5,722
Rental cash flow+$12,000
10-year hold
+$68,988(308.1% ROI)
Projected value
$143,299
Return breakdown
Property appreciation+$31,354
Loan principal paid down+$13,634
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.71
1 BR
0.79
2 BR
0.84
3 BR
0.88
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 43311 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43311 (Bellefontaine, OH) is $1,060 a month. That is up 5.0% from $1,010 in FY 2026. Bellefontaine is in the Logan County, OH non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,064. Among 19 ZIP codes in Logan County, 43311 is tied for the 15th-highest two-bedroom rent (county range $1,000–$1,790). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43311 is 1% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 43311
BedroomsFY 2027Change90–110% range
Studio$800+5.3%$720–$880
1BR$810+5.2%$729–$891
2BR$1,060+5.0%$954–$1,166
3BR$1,260+2.4%$1,134–$1,386
4BR$1,390+3.7%$1,251–$1,529

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 43311
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$800$810$1,060$1,260$1,390
FY 2026$760$770$1,010$1,230$1,340
FY 2025$700$710$930$1,160$1,290
FY 2024area FMR$639$655$860$1,100$1,168
FY 2023area FMR$615$632$832$1,068$1,118

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Logan County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 43311
43310$1,150+8.5%
43311Current$1,060—
43318$1,220+15.1%
43319$1,390+31.1%
43324$1,220+15.1%
43331$1,110+4.7%
43333$1,160+9.4%
43336$1,0600.0%
43343$1,000−5.7%
43345$1,460+37.7%
43347$1,300+22.6%
43348$1,040−1.9%

Questions about ZIP 43311 rents

How much will Section 8 pay for a two-bedroom in ZIP 43311?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,064, which applies unless the housing authority uses Small Area FMRs, that basic range is $958 to $1,170 a month; under the ZIP-level Small Area FMR of $1,060 it would be $954 to $1,166. 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 43311 in?

ZIP 43311 is in the Logan County, OH non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,064.

How much did fair market rent change in ZIP 43311 for FY 2027?

The two-bedroom FMR rose 5.0%, from $1,010 in FY 2026 to $1,060 in FY 2027. Since FY 2025 it has risen 14.0%.

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

County fair market rentBellefontaine, OH fair market rentOH statewide rentsWhat is SAFMR?Data sources