FMR is below market; voucher rent may lag private rents.
0.61
1 BR
1 BR
0.76ratio
FMR$1,030
Market$1,360
vs market-$330
FMR is below market; voucher rent may lag private rents.
0.76
2 BR
2 BR
0.78ratio
FMR$1,250
Market$1,610
vs market-$360
FMR is below market; voucher rent may lag private rents.
0.78
3 BR
3 BR
0.78ratio
FMR$1,600
Market$2,050
vs market-$450
FMR is below market; voucher rent may lag private rents.
0.78
4 BR
4 BR
0.65ratio
FMR$1,720
Market$2,640
vs market-$920
FMR is below market; voucher rent may lag private rents.
0.65
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
--
ZIP 44274 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44274 (Sharon Center, OH) is $1,250 a month. That is down 2.3% from $1,280 in FY 2026. Sharon Center 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 30 ZIP codes in Medina County, 44274 is tied for the 17th-highest two-bedroom rent (county range $1,000–$1,910). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44274 is 19% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 44274
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$930
$910
−2.2%
$819–$1,001
1BR
$1,060
$1,030
−2.8%
$927–$1,133
2BR
$1,280
$1,250
−2.3%
$1,125–$1,375
3BR
$1,650
$1,600
−3.0%
$1,440–$1,760
4BR
$1,760
$1,720
−2.3%
$1,548–$1,892
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 44274
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$910
$1,030
$1,250
$1,600
$1,720
FY 2026
$930
$1,060
$1,280
$1,650
$1,760
FY 2025
$900
$1,010
$1,230
$1,580
$1,700
FY 2024
$830
$940
$1,140
$1,470
$1,570
FY 2023
$760
$860
$1,050
$1,360
$1,440
Two-bedroom rent in nearby Medina County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 44274?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,250, that basic range is $1,125 to $1,375 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 44274 in?
ZIP 44274 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 44274 for FY 2027?
The two-bedroom FMR fell 2.3%, from $1,280 in FY 2026 to $1,250 in FY 2027. Since FY 2023 it has risen 19.0%.
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