Trumbull County/Masury/44438

44438

ZIPSAFMR

Trumbull County, OH

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ZIP Investment Score

117Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$760	$840	5.3%
1 BR	$800	$850	4.1%
2 BR	$1,000	$920	4.0%
3 BR	$1,300	$1,080	3.6%
4 BR	$1,370	$1,170	3.4%
5 BR	$1,575	Not available	3.4%
6 BR	$1,812	Not available	3.4%
7 BR	$2,084	Not available	3.4%
8 BR	$2,396	Not available	3.4%

Purchase Price Calculator

Maximum purchase price

$74,795

Cost breakdown

+Likely effective rent$920

HUD FMR$1,000

Market rentUsed$920

Est. payment standard (95%)$950

-Principal and interest-$378

Loan amount$59,836

Down payment$14,959

Rate6.50%

Term30 years

-Operating costs-$342

Property taxes-$75

Insurance-$175

Utilities$0

HOA$0

Management-$92

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$15,095(100.9% ROI)

Projected value

$80,546

Return breakdown

Property appreciation+$5,751

Loan principal paid down+$2,144

Rental cash flow+$7,200

5-year hold

+$25,652(171.5% ROI)

Projected value

$84,624

Return breakdown

Property appreciation+$9,829

Loan principal paid down+$3,823

Rental cash flow+$12,000

10-year hold

+$54,058(361.4% ROI)

Projected value

$95,744

Return breakdown

Property appreciation+$20,949

Loan principal paid down+$9,109

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.77ratio

FMR$760

Market$990

vs market-$230

FMR is below market; voucher rent may lag private rents.

0.77

1 BR

0.91ratio

FMR$800

Market$880

vs market-$80

FMR is near market; voucher and private rents are aligned.

0.91

2 BR

1.09ratio

FMR$1,000

Market$920

vs market+$80

FMR is near market; voucher and private rents are aligned.

1.09

3 BR

1.20ratio

FMR$1,300

Market$1,080

vs market+$220

FMR is above market; underwrite to market rent.

1.20

4 BR

1.17ratio

FMR$1,370

Market$1,170

vs market+$200

FMR is above market; underwrite to market rent.

1.17

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 44438 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44438 (Masury, OH) is $1,000 a month. That is up 2.0% from $980 in FY 2026. Masury is in the Youngstown-Warren, OH MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,003. Among 33 ZIP codes in Trumbull County, 44438 is tied for the 16th-highest two-bedroom rent (county range $1,000–$1,230). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44438 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44438
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$740	$760	+2.7%	$684–$836
1BR	$780	$800	+2.6%	$720–$880
2BR	$980	$1,000	+2.0%	$900–$1,100
3BR	$1,280	$1,300	+1.6%	$1,170–$1,430
4BR	$1,350	$1,370	+1.5%	$1,233–$1,507

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44438
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$760	$800	$1,000	$1,300	$1,370
FY 2026	$740	$780	$980	$1,280	$1,350
FY 2025	$690	$730	$920	$1,210	$1,280
FY 2024	$650	$710	$890	$1,170	$1,240
FY 2023	$580	$640	$810	$1,070	$1,140

Two-bedroom rent in nearby Trumbull County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 44438
44424	$1,060	+6.0%
44425	$1,020	+2.0%
44428	$1,000	0.0%
44430	$1,000	0.0%
44437	$1,000	0.0%
44438Current	$1,000	—
44439	$1,010	+1.0%
44440	$1,000	0.0%
44444	$1,000	0.0%
44446	$1,000	0.0%
44450	$1,000	0.0%
44453	$1,000	0.0%

Questions about ZIP 44438 rents

How much will Section 8 pay for a two-bedroom in ZIP 44438?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,003, which applies unless the housing authority uses Small Area FMRs, that basic range is $903 to $1,103 a month; under the ZIP-level Small Area FMR of $1,000 it would be $900 to $1,100. 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 44438 in?

ZIP 44438 is in the Youngstown-Warren, OH MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,003.

How much did fair market rent change in ZIP 44438 for FY 2027?

The two-bedroom FMR rose 2.0%, from $980 in FY 2026 to $1,000 in FY 2027. Since FY 2023 it has risen 23.5%.

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 rent Masury, OH fair market rent OH statewide rents What is SAFMR?Data sources