ZIP 44275 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 44275 in the Cleveland, OH FMR area.

$1,010Efficiency
$1,1501 bedroom
$1,3902 bedrooms
$1,7803 bedrooms
$1,9204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,010$909$1,111$924
1 bedroom$1,150$1,035$1,265$1,050
2 bedrooms$1,390$1,251$1,529$1,274
3 bedrooms$1,780$1,602$1,958$1,628
4 bedrooms$1,920$1,728$2,112$1,756

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 44275

$79,127average adjusted gross income per tax return (2022)
$52,002average salaries and wages per return
1,670tax returns filed
21%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00021.0%
$25,000 to $50,00023.4%
$50,000 to $75,00021.6%
$75,000 to $100,00012.0%
$100,000 to $200,00018.6%
$200,000 or more3.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 8.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 44275?

HUD's FY2027 Small Area FMRs for ZIP 44275 (Cleveland, OH) are $1,010 efficiency, $1,150 one bedroom, $1,390 two bedrooms, $1,780 three and $1,920 four bedrooms.

What payment standard can a housing authority set in ZIP 44275?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,251 to $1,529.

How affordable is rent in ZIP 44275?

Tax returns filed from ZIP 44275 reported an average adjusted gross income of $79,127 (2022). A two-bedroom unit at the Small Area FMR costs $16,680 a year, or 21% of that income.