Skip to main content
Loading page
Cuyahoga County/Cleveland/44109

44109

ZIPSAFMR
Cuyahoga County, OH
Zillow

ZIP Investment Score

159High yield potential

095130300
BRFMR
Eff. Rent
0 BR$780$860
1 BR$890$970
2 BR$1,080$1,060
3 BR$1,380$1,420
4 BR$1,490$1,560
5 BR$1,713Not available
6 BR$1,971Not available
7 BR$2,266Not available
8 BR$2,606Not available

Purchase Price Calculator

Maximum purchase price
$95,599

Cost breakdown

+Likely effective rent$1,060
HUD FMR$1,080
Market rentUsed$1,060
Est. payment standard (99%)$1,070
-Principal and interest-$483
Loan amount$76,479
Down payment$19,120
Rate6.50%
Term30 years
-Operating costs-$377
Property taxes-$96
Insurance-$175
Utilities$0
HOA$0
Management-$106
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,291(90.4% ROI)
Projected value
$102,950
Return breakdown
Property appreciation+$7,351
Loan principal paid down+$2,740
Rental cash flow+$7,200
5-year hold
+$29,449(154.0% ROI)
Projected value
$108,162
Return breakdown
Property appreciation+$12,563
Loan principal paid down+$4,886
Rental cash flow+$12,000
10-year hold
+$62,419(326.5% ROI)
Projected value
$122,375
Return breakdown
Property appreciation+$26,776
Loan principal paid down+$11,643
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.82
1 BR
0.87
2 BR
1.02
3 BR
0.96
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44109 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44109 (Cleveland, OH) is $1,080 a month. That is unchanged from FY 2026. Cleveland 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 57 ZIP codes in Cuyahoga County, 44109 is tied for the 51st-highest two-bedroom rent (county range $1,000–$1,910). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44109 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44109
BedroomsFY 2027Change90–110% range
Studio$780−1.3%$702–$858
1BR$8900.0%$801–$979
2BR$1,0800.0%$972–$1,188
3BR$1,380−0.7%$1,242–$1,518
4BR$1,4900.0%$1,341–$1,639

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44109
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$780$890$1,080$1,380$1,490
FY 2026$790$890$1,080$1,390$1,490
FY 2025$740$830$1,010$1,300$1,390
FY 2024$690$770$940$1,220$1,300
FY 2023$620$710$860$1,120$1,180

Two-bedroom rent in nearby Cuyahoga County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44109
44103$1,0800.0%
44104$1,000−7.4%
44105$1,070−0.9%
44106$1,430+32.4%
44107$1,370+26.9%
44108$1,170+8.3%
44109Current$1,080—
44110$1,100+1.9%
44111$1,180+9.3%
44112$1,070−0.9%
44113$1,910+76.9%
44114$1,750+62.0%

Questions about ZIP 44109 rents

How much will Section 8 pay for a two-bedroom in ZIP 44109?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,080, that basic range is $972 to $1,188 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 44109 in?

ZIP 44109 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 44109 for FY 2027?

The two-bedroom FMR was unchanged at $1,080 in FY 2027. Since FY 2023 it has risen 25.6%.

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