44443

ZIPSAFMR

Mahoning County, OH

ZIP Investment Score

51Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$760	$790	6.5%
1 BR	$800	$810	5.6%
2 BR	$1,000	$900	5.2%
3 BR	$1,300	$900	4.8%
4 BR	$1,370	$970	4.5%
5 BR	$1,575	Not available	4.5%
6 BR	$1,812	Not available	4.5%
7 BR	$2,084	Not available	4.5%
8 BR	$2,396	Not available	4.5%

Purchase Price Calculator

Maximum purchase price

$71,823

Cost breakdown

+Likely effective rent$900

HUD FMR$1,000

Market rentUsed$900

Est. payment standard (94%)$940

-Principal and interest-$363

Loan amount$57,459

Down payment$14,365

Rate6.50%

Term30 years

-Operating costs-$337

Property taxes-$72

Insurance-$175

Utilities$0

HOA$0

Management-$90

=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

+$14,781(102.9% ROI)

Projected value

$77,346

Return breakdown

Property appreciation+$5,523

Loan principal paid down+$2,059

Rental cash flow+$7,200

5-year hold

+$25,109(174.8% ROI)

Projected value

$81,261

Return breakdown

Property appreciation+$9,438

Loan principal paid down+$3,671

Rental cash flow+$12,000

10-year hold

+$52,864(368.0% ROI)

Projected value

$91,940

Return breakdown

Property appreciation+$20,117

Loan principal paid down+$8,747

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.94ratio

FMR$760

Market$810

vs market-$50

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

0.94

1 BR

0.98ratio

FMR$800

Market$820

vs market-$20

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

0.98

2 BR

1.11ratio

FMR$1,000

Market$900

vs market+$100

FMR is above market; underwrite to market rent.

1.11

3 BR

1.44ratio

FMR$1,300

Market$900

vs market+$400

FMR is above market; underwrite to market rent.

1.44

4 BR

1.41ratio

FMR$1,370

Market$970

vs market+$400

FMR is above market; underwrite to market rent.

1.41

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 44443 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44443 (New Springfield, OH) is $1,000 a month. That is up 2.0% from $980 in FY 2026. New Springfield 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 42 ZIP codes in Mahoning County, 44443 is tied for the 18th-highest two-bedroom rent (county range $1,000–$1,190). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44443 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44443
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 44443
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	$660	$700	$880	$1,170	$1,240
FY 2024	$630	$680	$860	$1,130	$1,200
FY 2023	$570	$630	$790	$1,060	$1,120

Two-bedroom rent in nearby Mahoning County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 44443
44429	$1,050	+5.0%
44436	$1,000	0.0%
44437	$1,000	0.0%
44440	$1,000	0.0%
44442	$1,000	0.0%
44443Current	$1,000	—
44444	$1,000	0.0%
44449	$1,000	0.0%
44451	$1,010	+1.0%
44452	$1,000	0.0%
44454	$1,020	+2.0%
44460	$1,000	0.0%

Questions about ZIP 44443 rents

How much will Section 8 pay for a two-bedroom in ZIP 44443?

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 44443 in?

ZIP 44443 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 44443 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 26.6%.

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