FY2027 Small Area FMR · Gates Mills, OH
ZIP 44040 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 44040 (Gates Mills, OH) is $1,910 a month, down 0.5% from FY2026. That is 50% above the Cleveland, OH area-wide FMR of $1,274.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 44040 sits in the Cleveland, OH area
Of the 126 ZIP codes HUD lists for the area, 44040 has the 1st highest two-bedroom Small Area FMR. Cleveland, OH is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,274 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,910 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,390 | $1,251 – $1,529 | $924 | $1,400 |
| 1 bedroom | $1,570 | $1,413 – $1,727 | $1,050 | $1,590 |
| 2 bedrooms | $1,910 | $1,719 – $2,101 | $1,274 | $1,920 |
| 3 bedrooms | $2,440 | $2,196 – $2,684 | $1,628 | $2,470 |
| 4 bedrooms | $2,630 | $2,367 – $2,893 | $1,756 | $2,640 |
A household renting a two-bedroom home at the Small Area FMR of $1,910 needs about $76,400 a year to keep housing costs at 30% of income. The area median family income is $105,000 and the 80% low-income limit for four people is $84,000. ZIP code 44040 lies mainly in Cuyahoga County. See the Cleveland, OH metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 44040?
HUD's FY2027 Small Area Fair Market Rents for 44040 are $1,390 (studio), $1,570 (1 BR), $1,910 (2 BR), $2,440 (3 BR) and $2,630 (4 BR) a month.
What is the Section 8 payment standard in 44040?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 44040 that range is $1,719 to $2,101 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 44040?
The FY2026 income limits of the Cleveland, OH area apply: median family income $105,000, low-income (80%) limit $84,000 for a family of four.