45501

ZIPSAFMR

Clark County, OH

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$810	$730	7.6%
1 BR	$890	$770	7.3%
2 BR	$1,160	$1,040	6.9%
3 BR	$1,430	$1,180	7.5%
4 BR	$1,650	$1,680	9.1%
5 BR	$1,897	Not available	9.1%
6 BR	$2,182	Not available	9.1%
7 BR	$2,509	Not available	9.1%
8 BR	$2,886	Not available	9.1%

Purchase Price Calculator

Maximum purchase price

$92,627

Cost breakdown

+Likely effective rent$1,040

HUD FMR$1,160

Market rentUsed$1,040

Est. payment standard (93%)$1,080

-Principal and interest-$468

Loan amount$74,102

Down payment$18,525

Rate6.50%

Term30 years

-Operating costs-$372

Property taxes-$93

Insurance-$175

Utilities$0

HOA$0

Management-$104

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$16,977(91.6% ROI)

Projected value

$99,749

Return breakdown

Property appreciation+$7,122

Loan principal paid down+$2,655

Rental cash flow+$7,200

5-year hold

+$28,906(156.0% ROI)

Projected value

$104,799

Return breakdown

Property appreciation+$12,172

Loan principal paid down+$4,734

Rental cash flow+$12,000

10-year hold

+$61,225(330.5% ROI)

Projected value

$118,570

Return breakdown

Property appreciation+$25,943

Loan principal paid down+$11,281

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.11ratio

FMR$810

Market$730

vs market+$80

FMR is above market; underwrite to market rent.

1.11

1 BR

1.16ratio

FMR$890

Market$770

vs market+$120

FMR is above market; underwrite to market rent.

1.16

2 BR

1.12ratio

FMR$1,160

Market$1,040

vs market+$120

FMR is above market; underwrite to market rent.

1.12

3 BR

1.21ratio

FMR$1,430

Market$1,180

vs market+$250

FMR is above market; underwrite to market rent.

1.21

4 BR

0.97ratio

FMR$1,650

Market$1,700

vs market-$50

FMR is near market; voucher and private rents are aligned.

0.97

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: --

ZIP 45501 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45501 (Springfield, OH) is $1,160 a month. That is up 4.5% from $1,110 in FY 2026. Springfield is in the Springfield, 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 $1,160. Among 24 ZIP codes in Clark County, 45501 is tied for the 11th-highest two-bedroom rent (county range $1,000–$1,740). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45501 is 11% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45501
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$770	$810	+5.2%	$729–$891
1BR	$850	$890	+4.7%	$801–$979
2BR	$1,110	$1,160	+4.5%	$1,044–$1,276
3BR	$1,360	$1,430	+5.1%	$1,287–$1,573
4BR	$1,580	$1,650	+4.4%	$1,485–$1,815

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45501
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$810	$890	$1,160	$1,430	$1,650
FY 2026	$770	$850	$1,110	$1,360	$1,580
FY 2025	$730	$810	$1,060	$1,290	$1,480
FY 2024	$650	$720	$950	$1,150	$1,270
FY 2023	$610	$690	$910	$1,110	$1,220

Two-bedroom rent in nearby Clark County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 45501
45344	$1,090	−6.0%
45349	$1,740	+50.0%
45368	$1,000	−13.8%
45369	$1,160	0.0%
45372	$1,160	0.0%
45387	$1,090	−6.0%
45501Current	$1,160	—
45502	$1,280	+10.3%
45503	$1,240	+6.9%
45504	$1,210	+4.3%
45505	$1,120	−3.4%
45506	$1,220	+5.2%

Questions about ZIP 45501 rents

How much will Section 8 pay for a two-bedroom in ZIP 45501?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,160, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,044 to $1,276 a month; under the ZIP-level Small Area FMR of $1,160 it would be $1,044 to $1,276. 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 45501 in?

ZIP 45501 is in the Springfield, OH MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,160.

How much did fair market rent change in ZIP 45501 for FY 2027?

The two-bedroom FMR rose 4.5%, from $1,110 in FY 2026 to $1,160 in FY 2027. Since FY 2023 it has risen 27.5%.

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 rent Springfield, OH fair market rent OH statewide rents What is SAFMR?Data sources