FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR
0.77ratio
FMR$1,610
Market$2,100
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.77
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
--
Mortgage rate
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ZIP 44036 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44036 (Elyria, OH) is $1,170 a month. That is down 1.7% from $1,190 in FY 2026. Elyria is in the Cleveland, OH HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 25 ZIP codes in Lorain County, 44036 has the 15th-highest two-bedroom rent (county range $1,000–$1,910). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44036 is 12% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 44036
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$870
$850
−2.3%
$765–$935
1BR
$980
$960
−2.0%
$864–$1,056
2BR
$1,190
$1,170
−1.7%
$1,053–$1,287
3BR
$1,530
$1,500
−2.0%
$1,350–$1,650
4BR
$1,640
$1,610
−1.8%
$1,449–$1,771
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 44036
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$850
$960
$1,170
$1,500
$1,610
FY 2026
$870
$980
$1,190
$1,530
$1,640
FY 2025
$830
$940
$1,140
$1,470
$1,570
FY 2024
$770
$870
$1,050
$1,360
$1,450
FY 2023
$680
$780
$950
$1,230
$1,300
Two-bedroom rent in nearby Lorain County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 44036?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,170, that basic range is $1,053 to $1,287 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 44036 in?
ZIP 44036 is in the Cleveland, 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 44036 for FY 2027?
The two-bedroom FMR fell 1.7%, from $1,190 in FY 2026 to $1,170 in FY 2027. Since FY 2023 it has risen 23.2%.
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