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Cuyahoga County/Beachwood/44122

44122

ZIPSAFMR
Cuyahoga County, OH
Zillow

ZIP Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$1,340$1,470
1 BR$1,530$1,230
2 BR$1,850$1,670
3 BR$2,360$2,110
4 BR$2,550$2,700
5 BR$2,933Not available
6 BR$3,372Not available
7 BR$3,878Not available
8 BR$4,460Not available

Purchase Price Calculator

Maximum purchase price
$186,245

Cost breakdown

+Likely effective rent$1,670
HUD FMR$1,850
Market rentUsed$1,670
Est. payment standard (94%)$1,730
-Principal and interest-$942
Loan amount$148,996
Down payment$37,249
Rate6.50%
Term30 years
-Operating costs-$528
Property taxes-$186
Insurance-$175
Utilities$0
HOA$0
Management-$167
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,859(72.1% ROI)
Projected value
$200,565
Return breakdown
Property appreciation+$14,320
Loan principal paid down+$5,338
Rental cash flow+$7,200
5-year hold
+$45,993(123.5% ROI)
Projected value
$210,719
Return breakdown
Property appreciation+$24,474
Loan principal paid down+$9,519
Rental cash flow+$12,000
10-year hold
+$98,847(265.4% ROI)
Projected value
$238,409
Return breakdown
Property appreciation+$52,164
Loan principal paid down+$22,683
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.78
1 BR
1.24
2 BR
1.11
3 BR
1.12
4 BR
0.92
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44122 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44122 (Beachwood, OH) is $1,850 a month. That is up 0.5% from $1,840 in FY 2026. Beachwood 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, 44122 has the 4th-highest two-bedroom rent (county range $1,000–$1,910). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44122 is 77% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44122
BedroomsFY 2027Change90–110% range
Studio$1,3400.0%$1,206–$1,474
1BR$1,530+0.7%$1,377–$1,683
2BR$1,850+0.5%$1,665–$2,035
3BR$2,360−0.4%$2,124–$2,596
4BR$2,550+0.8%$2,295–$2,805

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44122
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,340$1,530$1,850$2,360$2,550
FY 2026$1,340$1,520$1,840$2,370$2,530
FY 2025$1,230$1,390$1,690$2,170$2,330
FY 2024$1,130$1,270$1,540$1,990$2,120
FY 2023$990$1,130$1,380$1,790$1,890

Two-bedroom rent in nearby Cuyahoga County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44122
44116$1,390−24.9%
44117$1,060−42.7%
44118$1,520−17.8%
44119$1,170−36.8%
44120$1,210−34.6%
44121$1,410−23.8%
44122Current$1,850—
44123$1,250−32.4%
44124$1,470−20.5%
44125$1,370−25.9%
44126$1,200−35.1%
44127$1,000−45.9%

Questions about ZIP 44122 rents

How much will Section 8 pay for a two-bedroom in ZIP 44122?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,850, that basic range is $1,665 to $2,035 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 44122 in?

ZIP 44122 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 44122 for FY 2027?

The two-bedroom FMR rose 0.5%, from $1,840 in FY 2026 to $1,850 in FY 2027. Since FY 2023 it has risen 34.1%.

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