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Richland County/Mansfield/44905

44905

ZIPSAFMR
Richland County, OH
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$790$720
1 BR$900$840
2 BR$1,130$1,010
3 BR$1,500$1,150
4 BR$1,740$1,200
5 BR$2,001Not available
6 BR$2,301Not available
7 BR$2,646Not available
8 BR$3,043Not available

Purchase Price Calculator

Maximum purchase price
$88,169

Cost breakdown

+Likely effective rent$1,010
HUD FMR$1,130
Market rentUsed$1,010
Est. payment standard (93%)$1,050
-Principal and interest-$446
Loan amount$70,535
Down payment$17,634
Rate6.50%
Term30 years
-Operating costs-$364
Property taxes-$88
Insurance-$175
Utilities$0
HOA$0
Management-$101
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,506(93.6% ROI)
Projected value
$94,948
Return breakdown
Property appreciation+$6,779
Loan principal paid down+$2,527
Rental cash flow+$7,200
5-year hold
+$28,093(159.3% ROI)
Projected value
$99,755
Return breakdown
Property appreciation+$11,586
Loan principal paid down+$4,507
Rental cash flow+$12,000
10-year hold
+$59,433(337.0% ROI)
Projected value
$112,864
Return breakdown
Property appreciation+$24,695
Loan principal paid down+$10,738
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.10
1 BR
1.07
2 BR
1.12
3 BR
1.30
4 BR
1.45
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44905 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44905 (Mansfield, OH) is $1,130 a month. That is up 7.6% from $1,050 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, 44905 has the 3rd-highest two-bedroom rent (county range $1,000–$1,210). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44905 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44905
BedroomsFY 2027Change90–110% range
Studio$790+9.7%$711–$869
1BR$900+8.4%$810–$990
2BR$1,130+7.6%$1,017–$1,243
3BR$1,500+5.6%$1,350–$1,650
4BR$1,740+5.5%$1,566–$1,914

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44905
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$790$900$1,130$1,500$1,740
FY 2026$720$830$1,050$1,420$1,650
FY 2025$700$800$1,000$1,370$1,580
FY 2024$650$740$920$1,260$1,450
FY 2023$590$660$840$1,130$1,330

Two-bedroom rent in nearby Richland County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44905
44862$1,040−8.0%
44864$1,070−5.3%
44865$1,060−6.2%
44875$1,000−11.5%
44878$1,210+7.1%
44901$1,040−8.0%
44902$1,070−5.3%
44903$1,040−8.0%
44904$1,000−11.5%
44905Current$1,130—
44906$1,040−8.0%
44907$1,010−10.6%

Questions about ZIP 44905 rents

How much will Section 8 pay for a two-bedroom in ZIP 44905?

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 $1,130 it would be $1,017 to $1,243. 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 44905 in?

ZIP 44905 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 44905 for FY 2027?

The two-bedroom FMR rose 7.6%, from $1,050 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 34.5%.

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