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Van Wert County/Scott/45886

45886

ZIPSAFMR
Van Wert County, OH
Zillow

ZIP Investment Score

105Above average

095130300
BRFMR
Eff. Rent
0 BR$760$760
1 BR$780$780
2 BR$1,000$1,000
3 BR$1,290$1,290
4 BR$1,520$1,520
5 BR$1,748Not available
6 BR$2,010Not available
7 BR$2,312Not available
8 BR$2,658Not available

Purchase Price Calculator

Maximum purchase price
$86,683

Cost breakdown

+Likely effective rent$1,000
HUD FMRUsed$1,000
Market rentN/A
Est. payment standardN/A
-Principal and interest-$438
Loan amount$69,346
Down payment$17,337
Rate6.50%
Term30 years
-Operating costs-$362
Property taxes-$87
Insurance-$175
Utilities$0
HOA$0
Management-$100
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,350(94.3% ROI)
Projected value
$93,348
Return breakdown
Property appreciation+$6,665
Loan principal paid down+$2,485
Rental cash flow+$7,200
5-year hold
+$27,821(160.5% ROI)
Projected value
$98,074
Return breakdown
Property appreciation+$11,391
Loan principal paid down+$4,431
Rental cash flow+$12,000
10-year hold
+$58,836(339.4% ROI)
Projected value
$110,962
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$10,557
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 45886 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45886 (Scott, OH) is $1,000 a month. That is up 3.1% from $970 in FY 2026. Scott is in the Van Wert County, OH non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,003. Among 14 ZIP codes in Van Wert County, 45886 is tied for the 10th-highest two-bedroom rent (county range $1,000–$1,220). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45886 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45886
BedroomsFY 2027Change90–110% range
Studio$760+4.1%$684–$836
1BR$780+1.3%$702–$858
2BR$1,000+3.1%$900–$1,100
3BR$1,2900.0%$1,161–$1,419
4BR$1,520+5.6%$1,368–$1,672

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45886
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$760$780$1,000$1,290$1,520
FY 2026$730$770$970$1,290$1,440
FY 2025$650$710$880$1,180$1,290
FY 2024area FMR$639$665$860$1,077$1,145
FY 2023area FMR$587$612$794$1,036$1,067

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Van Wert County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 45886
45838$1,140+14.0%
45844$1,0000.0%
45849$1,020+2.0%
45863$1,0000.0%
45874$1,200+20.0%
45882$1,0000.0%
45886Current$1,000—
45887$1,150+15.0%
45891$1,0000.0%
45894$1,140+14.0%
45898$1,220+22.0%
45899$1,170+17.0%

Questions about ZIP 45886 rents

How much will Section 8 pay for a two-bedroom in ZIP 45886?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,003, which applies unless the housing authority uses Small Area FMRs, that basic range is $903 to $1,103 a month; under the ZIP-level Small Area FMR of $1,000 it would be $900 to $1,100. 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 45886 in?

ZIP 45886 is in the Van Wert County, OH non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,003.

How much did fair market rent change in ZIP 45886 for FY 2027?

The two-bedroom FMR rose 3.1%, from $970 in FY 2026 to $1,000 in FY 2027. Since FY 2025 it has risen 13.6%.

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

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