FMR is near market; voucher and private rents are aligned.
1.04
1 BR
1 BR
1.01ratio
FMR$830
Market$820
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR
1.09ratio
FMR$1,040
Market$950
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.09
3 BR
3 BR
1.28ratio
FMR$1,380
Market$1,080
vs market+$300
FMR is above market; underwrite to market rent.
1.28
4 BR
4 BR
1.33ratio
FMR$1,600
Market$1,200
vs market+$400
FMR is above market; underwrite to market rent.
1.33
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 44862 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44862 (Ontario, OH) is $1,040 a month. That is up 7.2% from $970 in FY 2026. Ontario is in the Mansfield, 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 $1,035. Among 20 ZIP codes in Richland County, 44862 is tied for the 9th-highest two-bedroom rent (county range $1,000–$1,210).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 44862
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$670
$720
+7.5%
$648–$792
1BR
$770
$830
+7.8%
$747–$913
2BR
$970
$1,040
+7.2%
$936–$1,144
3BR
$1,310
$1,380
+5.3%
$1,242–$1,518
4BR
$1,530
$1,600
+4.6%
$1,440–$1,760
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 44862
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$720
$830
$1,040
$1,380
$1,600
FY 2026
$670
$770
$970
$1,310
$1,530
FY 2025
$650
$740
$920
$1,260
$1,460
FY 2024
$610
$690
$860
$1,180
$1,360
FY 2023
$550
$620
$790
$1,080
$1,270
Two-bedroom rent in nearby Richland County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 44862?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,035, which applies unless the housing authority uses Small Area FMRs, that basic range is $932 to $1,139 a month; under the ZIP-level Small Area FMR of $1,040 it would be $936 to $1,144. 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 44862 in?
ZIP 44862 is in the Mansfield, OH MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,035.
How much did fair market rent change in ZIP 44862 for FY 2027?
The two-bedroom FMR rose 7.2%, from $970 in FY 2026 to $1,040 in FY 2027. Since FY 2023 it has risen 31.6%.
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