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Morrow County/Galion/44833

44833

ZIPSAFMR
Morrow County, OH
Zillow

ZIP Investment Score

90Below average

095130300
BRFMR
Eff. Rent
0 BR$840$910
1 BR$860$920
2 BR$1,030$1,050
3 BR$1,340$1,160
4 BR$1,380$1,200
5 BR$1,587Not available
6 BR$1,825Not available
7 BR$2,099Not available
8 BR$2,414Not available

Purchase Price Calculator

Maximum purchase price
$94,113

Cost breakdown

+Likely effective rent$1,050
HUD FMR$1,030
Market rent$1,060
Est. payment standard (102%)Used$1,050
-Principal and interest-$476
Loan amount$75,290
Down payment$18,823
Rate6.50%
Term30 years
-Operating costs-$374
Property taxes-$94
Insurance-$175
Utilities$0
HOA$0
Management-$105
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,134(91.0% ROI)
Projected value
$101,349
Return breakdown
Property appreciation+$7,236
Loan principal paid down+$2,697
Rental cash flow+$7,200
5-year hold
+$29,178(155.0% ROI)
Projected value
$106,480
Return breakdown
Property appreciation+$12,367
Loan principal paid down+$4,810
Rental cash flow+$12,000
10-year hold
+$61,822(328.4% ROI)
Projected value
$120,473
Return breakdown
Property appreciation+$26,360
Loan principal paid down+$11,462
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.89
1 BR
0.91
2 BR
0.97
3 BR
1.16
4 BR
1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44833 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44833 (Galion, OH) is $1,030 a month. That is down 3.7% from $1,070 in FY 2026. Galion is in the Columbus, OH HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 18 ZIP codes in Morrow County, 44833 is tied for the 16th-highest two-bedroom rent (county range $1,000–$1,560). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44833 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44833
BedroomsFY 2027Change90–110% range
Studio$840+5.0%$756–$924
1BR$860−1.1%$774–$946
2BR$1,030−3.7%$927–$1,133
3BR$1,340+3.1%$1,206–$1,474
4BR$1,380−3.5%$1,242–$1,518

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44833
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$840$860$1,030$1,340$1,380
FY 2026$800$870$1,070$1,300$1,430
FY 2025$880$960$1,180$1,420$1,580
FY 2024$760$850$1,050$1,290$1,420
FY 2023$660$750$930$1,160$1,290

Two-bedroom rent in nearby Morrow County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44833
43317$1,320+28.2%
43320$1,110+7.8%
43321$1,270+23.3%
43325$1,0300.0%
43334$1,270+23.3%
43338$1,220+18.4%
43350$1,560+51.5%
43356$1,110+7.8%
44813$1,060+2.9%
44833Current$1,030—
44903$1,040+1.0%
44904$1,000−2.9%

Questions about ZIP 44833 rents

How much will Section 8 pay for a two-bedroom in ZIP 44833?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,030, that basic range is $927 to $1,133 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 44833 in?

ZIP 44833 is in the Columbus, 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 44833 for FY 2027?

The two-bedroom FMR fell 3.7%, from $1,070 in FY 2026 to $1,030 in FY 2027. Since FY 2023 it has risen 10.8%.

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 rentGalion, OH fair market rentOH statewide rentsWhat is SAFMR?Data sources