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Cuyahoga County/Cleveland/44119

44119

ZIPSAFMR
Cuyahoga County, OH
Zillow

ZIP Investment Score

101Above average

095130300
BRFMR
Eff. Rent
0 BR$850$910
1 BR$960$960
2 BR$1,170$1,220
3 BR$1,500$1,450
4 BR$1,610$1,640
5 BR$1,851Not available
6 BR$2,129Not available
7 BR$2,449Not available
8 BR$2,816Not available

Purchase Price Calculator

Maximum purchase price
$119,375

Cost breakdown

+Likely effective rent$1,220
HUD FMR$1,170
Market rent$1,240
Est. payment standard (104%)Used$1,220
-Principal and interest-$604
Loan amount$95,500
Down payment$23,875
Rate6.50%
Term30 years
-Operating costs-$416
Property taxes-$119
Insurance-$175
Utilities$0
HOA$0
Management-$122
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,800(82.9% ROI)
Projected value
$128,554
Return breakdown
Property appreciation+$9,179
Loan principal paid down+$3,422
Rental cash flow+$7,200
5-year hold
+$33,788(141.5% ROI)
Projected value
$135,062
Return breakdown
Property appreciation+$15,687
Loan principal paid down+$6,102
Rental cash flow+$12,000
10-year hold
+$71,974(301.5% ROI)
Projected value
$152,810
Return breakdown
Property appreciation+$33,435
Loan principal paid down+$14,539
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.90
1 BR
1.00
2 BR
0.94
3 BR
1.03
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44119 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44119 (Cleveland, OH) is $1,170 a month. That is down 0.8% from $1,180 in 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, 44119 is tied for the 44th-highest two-bedroom rent (county range $1,000–$1,910). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44119 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44119
BedroomsFY 2027Change90–110% range
Studio$850−1.2%$765–$935
1BR$960−2.0%$864–$1,056
2BR$1,170−0.8%$1,053–$1,287
3BR$1,500−1.3%$1,350–$1,650
4BR$1,610−0.6%$1,449–$1,771

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44119
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$850$960$1,170$1,500$1,610
FY 2026$860$980$1,180$1,520$1,620
FY 2025$800$910$1,100$1,410$1,520
FY 2024$730$820$1,000$1,290$1,380
FY 2023$670$760$930$1,210$1,280

Two-bedroom rent in nearby Cuyahoga County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44119
44113$1,910+63.2%
44114$1,750+49.6%
44115$1,630+39.3%
44116$1,390+18.8%
44117$1,060−9.4%
44118$1,520+29.9%
44119Current$1,170—
44120$1,210+3.4%
44121$1,410+20.5%
44122$1,850+58.1%
44123$1,250+6.8%
44124$1,470+25.6%

Questions about ZIP 44119 rents

How much will Section 8 pay for a two-bedroom in ZIP 44119?

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 44119 in?

ZIP 44119 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 44119 for FY 2027?

The two-bedroom FMR fell 0.8%, from $1,180 in FY 2026 to $1,170 in FY 2027. Since FY 2023 it has risen 25.8%.

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