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Lake County/Eastlake/44095

44095

ZIPSAFMR
Lake County, OH
Zillow

ZIP Investment Score

138High yield potential

095130300
BRFMR
Eff. Rent
0 BR$870$960
1 BR$990$1,090
2 BR$1,200$1,320
3 BR$1,530$1,670
4 BR$1,650$1,820
5 BR$1,897Not available
6 BR$2,182Not available
7 BR$2,509Not available
8 BR$2,886Not available

Purchase Price Calculator

Maximum purchase price
$134,235

Cost breakdown

+Likely effective rent$1,320
HUD FMR$1,200
Market rent$1,420
Est. payment standard (110%)Used$1,320
-Principal and interest-$679
Loan amount$107,388
Down payment$26,847
Rate6.50%
Term30 years
-Operating costs-$441
Property taxes-$134
Insurance-$175
Utilities$0
HOA$0
Management-$132
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,369(79.6% ROI)
Projected value
$144,556
Return breakdown
Property appreciation+$10,321
Loan principal paid down+$3,847
Rental cash flow+$7,200
5-year hold
+$36,501(136.0% ROI)
Projected value
$151,875
Return breakdown
Property appreciation+$17,640
Loan principal paid down+$6,861
Rental cash flow+$12,000
10-year hold
+$77,946(290.3% ROI)
Projected value
$171,832
Return breakdown
Property appreciation+$37,597
Loan principal paid down+$16,349
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.76
1 BR
0.85
2 BR
0.85
3 BR
0.88
4 BR
0.85
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44095 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44095 (Eastlake, OH) is $1,200 a month. That is down 4.0% from $1,250 in FY 2026. Eastlake 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 14 ZIP codes in Lake County, 44095 has the 10th-highest two-bedroom rent (county range $1,000–$1,440). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44095 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44095
BedroomsFY 2027Change90–110% range
Studio$870−4.4%$783–$957
1BR$990−3.9%$891–$1,089
2BR$1,200−4.0%$1,080–$1,320
3BR$1,530−5.0%$1,377–$1,683
4BR$1,650−4.1%$1,485–$1,815

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44095
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$870$990$1,200$1,530$1,650
FY 2026$910$1,030$1,250$1,610$1,720
FY 2025$870$990$1,200$1,540$1,660
FY 2024$830$930$1,130$1,460$1,560
FY 2023$730$840$1,020$1,320$1,400

Two-bedroom rent in nearby Lake County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44095
44045$1,190−0.8%
44057$1,310+9.2%
44060$1,430+19.2%
44061$1,320+10.0%
44077$1,230+2.5%
44081$1,050−12.5%
44086$1,260+5.0%
44092$1,290+7.5%
44094$1,440+20.0%
44095Current$1,200—
44096$1,320+10.0%
44143$1,170−2.5%

Questions about ZIP 44095 rents

How much will Section 8 pay for a two-bedroom in ZIP 44095?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,200, that basic range is $1,080 to $1,320 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 44095 in?

ZIP 44095 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 44095 for FY 2027?

The two-bedroom FMR fell 4.0%, from $1,250 in FY 2026 to $1,200 in FY 2027. Since FY 2023 it has risen 17.6%.

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