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Cuyahoga County/Cleveland/44144

44144

ZIPSAFMR
Cuyahoga County, OH
Zillow

ZIP Investment Score

91Below average

095130300
BRFMR
Eff. Rent
0 BR$830$910
1 BR$940$1,010
2 BR$1,140$1,190
3 BR$1,460$1,510
4 BR$1,570$1,660
5 BR$1,805Not available
6 BR$2,076Not available
7 BR$2,388Not available
8 BR$2,746Not available

Purchase Price Calculator

Maximum purchase price
$114,917

Cost breakdown

+Likely effective rent$1,190
HUD FMR$1,140
Market rent$1,210
Est. payment standard (104%)Used$1,190
-Principal and interest-$581
Loan amount$91,934
Down payment$22,983
Rate6.50%
Term30 years
-Operating costs-$409
Property taxes-$115
Insurance-$175
Utilities$0
HOA$0
Management-$119
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,330(84.1% ROI)
Projected value
$123,753
Return breakdown
Property appreciation+$8,836
Loan principal paid down+$3,294
Rental cash flow+$7,200
5-year hold
+$32,975(143.5% ROI)
Projected value
$130,018
Return breakdown
Property appreciation+$15,101
Loan principal paid down+$5,874
Rental cash flow+$12,000
10-year hold
+$70,182(305.4% ROI)
Projected value
$147,103
Return breakdown
Property appreciation+$32,186
Loan principal paid down+$13,996
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.72
1 BR
0.90
2 BR
0.94
3 BR
0.95
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 44144 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44144 (Cleveland, OH) is $1,140 a month. That is down 0.9% from $1,150 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, 44144 has the 49th-highest two-bedroom rent (county range $1,000–$1,910). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44144 is 9% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44144
BedroomsFY 2027Change90–110% range
Studio$830−1.2%$747–$913
1BR$940−1.1%$846–$1,034
2BR$1,140−0.9%$1,026–$1,254
3BR$1,460−1.4%$1,314–$1,606
4BR$1,570−0.6%$1,413–$1,727

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44144
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$830$940$1,140$1,460$1,570
FY 2026$840$950$1,150$1,480$1,580
FY 2025$790$900$1,090$1,400$1,500
FY 2024$720$820$990$1,280$1,360
FY 2023$660$750$910$1,180$1,250

Two-bedroom rent in nearby Cuyahoga County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44144
44137$1,600+40.4%
44138$1,490+30.7%
44139$1,840+61.4%
44140$1,750+53.5%
44141$1,590+39.5%
44142$1,340+17.5%
44143$1,170+2.6%
44144Current$1,140—
44145$1,770+55.3%
44146$1,230+7.9%
44147$1,310+14.9%
44149$1,550+36.0%

Questions about ZIP 44144 rents

How much will Section 8 pay for a two-bedroom in ZIP 44144?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,140, that basic range is $1,026 to $1,254 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 44144 in?

ZIP 44144 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 44144 for FY 2027?

The two-bedroom FMR fell 0.9%, from $1,150 in FY 2026 to $1,140 in FY 2027. Since FY 2023 it has risen 25.3%.

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