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Richland County/Mansfield/44902

44902

ZIPSAFMR
Richland County, OH
Zillow

ZIP Investment Score

143High yield potential

095130300
BRFMR
Eff. Rent
0 BR$750$690
1 BR$850$790
2 BR$1,070$960
3 BR$1,420$1,080
4 BR$1,650$1,190
5 BR$1,897Not available
6 BR$2,182Not available
7 BR$2,509Not available
8 BR$2,886Not available

Purchase Price Calculator

Maximum purchase price
$80,739

Cost breakdown

+Likely effective rent$960
HUD FMR$1,070
Market rentUsed$960
Est. payment standard (93%)$1,000
-Principal and interest-$408
Loan amount$64,591
Down payment$16,148
Rate6.50%
Term30 years
-Operating costs-$352
Property taxes-$81
Insurance-$175
Utilities$0
HOA$0
Management-$96
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,722(97.4% ROI)
Projected value
$86,947
Return breakdown
Property appreciation+$6,208
Loan principal paid down+$2,314
Rental cash flow+$7,200
5-year hold
+$26,737(165.6% ROI)
Projected value
$91,349
Return breakdown
Property appreciation+$10,610
Loan principal paid down+$4,127
Rental cash flow+$12,000
10-year hold
+$56,447(349.6% ROI)
Projected value
$103,353
Return breakdown
Property appreciation+$22,614
Loan principal paid down+$9,833
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.09
1 BR
1.08
2 BR
1.11
3 BR
1.31
4 BR
1.39
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44902 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44902 (Mansfield, OH) is $1,070 a month. That is up 7.0% from $1,000 in FY 2026. Mansfield 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, 44902 is tied for the 5th-highest two-bedroom rent (county range $1,000–$1,210). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44902 is 2% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44902
BedroomsFY 2027Change90–110% range
Studio$750+8.7%$675–$825
1BR$850+7.6%$765–$935
2BR$1,070+7.0%$963–$1,177
3BR$1,420+5.2%$1,278–$1,562
4BR$1,650+5.1%$1,485–$1,815

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44902
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$750$850$1,070$1,420$1,650
FY 2026$690$790$1,000$1,350$1,570
FY 2025$650$740$930$1,270$1,470
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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44902
44862$1,040−2.8%
44864$1,0700.0%
44865$1,060−0.9%
44875$1,000−6.5%
44878$1,210+13.1%
44901$1,040−2.8%
44902Current$1,070—
44903$1,040−2.8%
44904$1,000−6.5%
44905$1,130+5.6%
44906$1,040−2.8%
44907$1,010−5.6%

Questions about ZIP 44902 rents

How much will Section 8 pay for a two-bedroom in ZIP 44902?

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 $1,070 it would be $963 to $1,177. 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 44902 in?

ZIP 44902 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 44902 for FY 2027?

The two-bedroom FMR rose 7.0%, from $1,000 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 35.4%.

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