FMR is near market; voucher and private rents are aligned.
1.03
1 BR
1 BR
0.97ratio
FMR$952
Market$980
vs market-$28
FMR is near market; voucher and private rents are aligned.
0.97
2 BR
2 BR
1.10ratio
FMR$1,231
Market$1,120
vs market+$111
FMR is near market; voucher and private rents are aligned.
1.10
3 BR
3 BR
0.85ratio
FMR$1,474
Market$1,730
vs market-$256
FMR is below market; voucher rent may lag private rents.
0.85
4 BR
4 BR
0.94ratio
FMR$1,618
Market$1,720
vs market-$102
FMR is near market; voucher and private rents are aligned.
0.94
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 44396 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 44396 (Akron, OH) is $1,231 a month. That is down 2.9% from $1,268 in FY 2026. Akron is in the Akron, OH MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44396 is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 44396
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$904
$886
−2.0%
$797–$975
1BR
$985
$952
−3.4%
$857–$1,047
2BR
$1,268
$1,231
−2.9%
$1,108–$1,354
3BR
$1,547
$1,474
−4.7%
$1,327–$1,621
4BR
$1,681
$1,618
−3.7%
$1,456–$1,780
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 44396
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$886
$952
$1,231
$1,474
$1,618
FY 2026
$904
$985
$1,268
$1,547
$1,681
FY 2025
$799
$880
$1,131
$1,398
$1,504
FY 2024
$728
$816
$1,039
$1,301
$1,389
FY 2023
$712
$809
$1,027
$1,297
$1,380
Questions about ZIP 44396 rents
How much will Section 8 pay for a two-bedroom in ZIP 44396?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,231, that basic range is $1,108 to $1,354 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 44396 in?
ZIP 44396 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 44396 for FY 2027?
The two-bedroom FMR fell 2.9%, from $1,268 in FY 2026 to $1,231 in FY 2027. Since FY 2023 it has risen 19.9%.
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 Fair Market Rents. 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