FMR is near market; voucher and private rents are aligned.
0.99
1 BR
1 BR
1.01ratio
FMR$970
Market$960
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR
1.10ratio
FMR$1,260
Market$1,150
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.10
3 BR
3 BR
1.19ratio
FMR$1,510
Market$1,270
vs market+$240
FMR is above market; underwrite to market rent.
1.19
4 BR
4 BR
1.25ratio
FMR$1,660
Market$1,330
vs market+$330
FMR is above market; underwrite to market rent.
1.25
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 44242 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44242 (Kent, OH) is $1,260 a month. That is down 3.1% from $1,300 in FY 2026. Kent is in the Akron, OH MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 29 ZIP codes in Portage County, 44242 is tied for the 6th-highest two-bedroom rent (county range $1,000–$1,850). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44242 is 20% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 44242
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$930
$910
−2.2%
$819–$1,001
1BR
$1,010
$970
−4.0%
$873–$1,067
2BR
$1,300
$1,260
−3.1%
$1,134–$1,386
3BR
$1,590
$1,510
−5.0%
$1,359–$1,661
4BR
$1,720
$1,660
−3.5%
$1,494–$1,826
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 44242
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$970
$1,260
$1,510
$1,660
FY 2026
$930
$1,010
$1,300
$1,590
$1,720
FY 2025
$810
$900
$1,150
$1,420
$1,530
FY 2024
$740
$830
$1,060
$1,330
$1,420
FY 2023
$730
$830
$1,050
$1,330
$1,410
Two-bedroom rent in nearby Portage County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 44242?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,260, that basic range is $1,134 to $1,386 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 44242 in?
ZIP 44242 is in the Akron, OH MSA. 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 44242 for FY 2027?
The two-bedroom FMR fell 3.1%, from $1,300 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 20.0%.
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