Skip to main content
Loading page
Richland County/Mansfield/44907

44907

ZIPSAFMR
Richland County, OH
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$700$740
1 BR$800$850
2 BR$1,010$1,020
3 BR$1,340$1,170
4 BR$1,560$1,220
5 BR$1,794Not available
6 BR$2,063Not available
7 BR$2,373Not available
8 BR$2,728Not available

Purchase Price Calculator

Maximum purchase price
$89,655

Cost breakdown

+Likely effective rent$1,020
HUD FMR$1,010
Market rent$1,030
Est. payment standard (101%)Used$1,020
-Principal and interest-$453
Loan amount$71,724
Down payment$17,931
Rate6.50%
Term30 years
-Operating costs-$367
Property taxes-$90
Insurance-$175
Utilities$0
HOA$0
Management-$102
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,663(92.9% ROI)
Projected value
$96,549
Return breakdown
Property appreciation+$6,894
Loan principal paid down+$2,570
Rental cash flow+$7,200
5-year hold
+$28,364(158.2% ROI)
Projected value
$101,437
Return breakdown
Property appreciation+$11,781
Loan principal paid down+$4,582
Rental cash flow+$12,000
10-year hold
+$60,030(334.8% ROI)
Projected value
$114,766
Return breakdown
Property appreciation+$25,111
Loan principal paid down+$10,919
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.92
1 BR
0.92
2 BR
0.98
3 BR
1.15
4 BR
1.28
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44907 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44907 (Mansfield, OH) is $1,010 a month. That is up 4.1% from $970 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, 44907 has the 15th-highest two-bedroom rent (county range $1,000–$1,210). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44907 is 4% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44907
BedroomsFY 2027Change90–110% range
Studio$700+4.5%$630–$770
1BR$800+3.9%$720–$880
2BR$1,010+4.1%$909–$1,111
3BR$1,340+2.3%$1,206–$1,474
4BR$1,560+2.0%$1,404–$1,716

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44907
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$700$800$1,010$1,340$1,560
FY 2026$670$770$970$1,310$1,530
FY 2025$620$710$880$1,220$1,410
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. 44907
44862$1,040+3.0%
44864$1,070+5.9%
44865$1,060+5.0%
44875$1,000−1.0%
44878$1,210+19.8%
44901$1,040+3.0%
44902$1,070+5.9%
44903$1,040+3.0%
44904$1,000−1.0%
44905$1,130+11.9%
44906$1,040+3.0%
44907Current$1,010—

Questions about ZIP 44907 rents

How much will Section 8 pay for a two-bedroom in ZIP 44907?

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 $1,010 it would be $909 to $1,111. 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 44907 in?

ZIP 44907 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 44907 for FY 2027?

The two-bedroom FMR rose 4.1%, from $970 in FY 2026 to $1,010 in FY 2027. Since FY 2023 it has risen 27.8%.

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