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 43325 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43325 (Iberia, OH) is $1,030 a month. That is down 3.7% from $1,070 in FY 2026. Iberia 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 18 ZIP codes in Morrow County, 43325 is tied for the 16th-highest two-bedroom rent (county range $1,000–$1,560). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43325 is 2% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 43325
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$840
+5.0%
$756–$924
1BR
$870
$860
−1.1%
$774–$946
2BR
$1,070
$1,030
−3.7%
$927–$1,133
3BR
$1,300
$1,340
+3.1%
$1,206–$1,474
4BR
$1,430
$1,380
−3.5%
$1,242–$1,518
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 43325
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$840
$860
$1,030
$1,340
$1,380
FY 2026
$800
$870
$1,070
$1,300
$1,430
FY 2025
$880
$960
$1,180
$1,420
$1,580
FY 2024
$800
$880
$1,080
$1,310
$1,450
FY 2023
$700
$780
$970
$1,190
$1,320
Two-bedroom rent in nearby Morrow County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 43325?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,030, that basic range is $927 to $1,133 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 43325 in?
ZIP 43325 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 43325 for FY 2027?
The two-bedroom FMR fell 3.7%, from $1,070 in FY 2026 to $1,030 in FY 2027. Since FY 2023 it has risen 6.2%.
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