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Mahoning County/Alliance/44601

44601

ZIPSAFMR
Mahoning County, OH
Zillow

ZIP Investment Score

90Below average

095130300
BRFMR
Eff. Rent
0 BR$710$650
1 BR$790$640
2 BR$1,000$720
3 BR$1,270$950
4 BR$1,360$1,050
5 BR$1,564Not available
6 BR$1,799Not available
7 BR$2,068Not available
8 BR$2,379Not available

Purchase Price Calculator

Maximum purchase price
$45,075

Cost breakdown

+Likely effective rent$720
HUD FMR$1,000
Market rentUsed$720
Est. payment standard (90%)$900
-Principal and interest-$228
Loan amount$36,060
Down payment$9,015
Rate6.50%
Term30 years
-Operating costs-$292
Property taxes-$45
Insurance-$175
Utilities$0
HOA$0
Management-$72
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$11,958(132.6% ROI)
Projected value
$48,541
Return breakdown
Property appreciation+$3,466
Loan principal paid down+$1,292
Rental cash flow+$7,200
5-year hold
+$20,227(224.4% ROI)
Projected value
$50,998
Return breakdown
Property appreciation+$5,923
Loan principal paid down+$2,304
Rental cash flow+$12,000
10-year hold
+$42,115(467.2% ROI)
Projected value
$57,700
Return breakdown
Property appreciation+$12,625
Loan principal paid down+$5,490
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.09
1 BR
1.23
2 BR
1.39
3 BR
1.34
4 BR
1.30
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44601 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44601 (Alliance, OH) is $1,000 a month. That is down 1.0% from $1,010 in FY 2026. Alliance is in the Youngstown-Warren, OH MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 42 ZIP codes in Mahoning County, 44601 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 44601 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44601
BedroomsFY 2027Change90–110% range
Studio$710+1.4%$639–$781
1BR$7900.0%$711–$869
2BR$1,000−1.0%$900–$1,100
3BR$1,270−0.8%$1,143–$1,397
4BR$1,360+0.7%$1,224–$1,496

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44601
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$710$790$1,000$1,270$1,360
FY 2026$700$790$1,010$1,280$1,350
FY 2025$660$740$940$1,180$1,260
FY 2024$650$730$930$1,170$1,250
FY 2023$550$640$810$1,020$1,090

Two-bedroom rent in nearby Mahoning County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44601
44509$1,020+2.0%
44510$1,0000.0%
44511$1,010+1.0%
44512$1,020+2.0%
44513$1,0000.0%
44514$1,170+17.0%
44515$1,0000.0%
44555$1,090+9.0%
44601Current$1,000—
44609$1,0000.0%
44619$1,0000.0%
44672$1,190+19.0%

Questions about ZIP 44601 rents

How much will Section 8 pay for a two-bedroom in ZIP 44601?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,000, that basic range is $900 to $1,100 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 44601 in?

ZIP 44601 is in the Youngstown-Warren, 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 44601 for FY 2027?

The two-bedroom FMR fell 1.0%, from $1,010 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 rentAlliance, OH fair market rentOH statewide rentsWhat is SAFMR?Data sources