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Cuyahoga County/Cleveland/44134

44134

ZIPSAFMR
Cuyahoga County, OH
Zillow

ZIP Investment Score

140High yield potential

095130300
BRFMR
Eff. Rent
0 BR$990$1,090
1 BR$1,130$1,120
2 BR$1,370$1,270
3 BR$1,750$1,810
4 BR$1,890$2,070
5 BR$2,174Not available
6 BR$2,500Not available
7 BR$2,874Not available
8 BR$3,306Not available

Purchase Price Calculator

Maximum purchase price
$126,805

Cost breakdown

+Likely effective rent$1,270
HUD FMR$1,370
Market rentUsed$1,270
Est. payment standard (95%)$1,310
-Principal and interest-$641
Loan amount$101,444
Down payment$25,361
Rate6.50%
Term30 years
-Operating costs-$429
Property taxes-$127
Insurance-$175
Utilities$0
HOA$0
Management-$127
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,585(81.2% ROI)
Projected value
$136,555
Return breakdown
Property appreciation+$9,750
Loan principal paid down+$3,634
Rental cash flow+$7,200
5-year hold
+$35,144(138.6% ROI)
Projected value
$143,468
Return breakdown
Property appreciation+$16,663
Loan principal paid down+$6,481
Rental cash flow+$12,000
10-year hold
+$74,960(295.6% ROI)
Projected value
$162,321
Return breakdown
Property appreciation+$35,516
Loan principal paid down+$15,444
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.87
1 BR
1.01
2 BR
1.08
3 BR
0.95
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44134 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44134 (Cleveland, OH) is $1,370 a month. That is down 2.8% from $1,410 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, 44134 is tied for the 24th-highest two-bedroom rent (county range $1,000–$1,910). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44134 is 31% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44134
BedroomsFY 2027Change90–110% range
Studio$990−3.9%$891–$1,089
1BR$1,130−3.4%$1,017–$1,243
2BR$1,370−2.8%$1,233–$1,507
3BR$1,750−3.3%$1,575–$1,925
4BR$1,890−2.6%$1,701–$2,079

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44134
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$990$1,130$1,370$1,750$1,890
FY 2026$1,030$1,170$1,410$1,810$1,940
FY 2025$980$1,110$1,350$1,740$1,860
FY 2024$890$1,010$1,220$1,580$1,680
FY 2023$780$890$1,080$1,400$1,480

Two-bedroom rent in nearby Cuyahoga County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44134
44128$1,220−10.9%
44129$1,240−9.5%
44130$1,380+0.7%
44131$1,740+27.0%
44132$1,280−6.6%
44133$1,310−4.4%
44134Current$1,370—
44135$1,280−6.6%
44136$1,490+8.8%
44137$1,600+16.8%
44138$1,490+8.8%
44139$1,840+34.3%

Questions about ZIP 44134 rents

How much will Section 8 pay for a two-bedroom in ZIP 44134?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,370, that basic range is $1,233 to $1,507 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 44134 in?

ZIP 44134 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 44134 for FY 2027?

The two-bedroom FMR fell 2.8%, from $1,410 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 26.9%.

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