FY2027 Small Area FMR · Cleveland, OH

ZIP 44124 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 44124 (Cleveland, OH) is $1,470 a month, down 0.7% from FY2026. That is 15% above the Cleveland, OH area-wide FMR of $1,274.

2-bedroom SAFMR$1,470per month ▼ 0.7%

Area-wide 2 BR FMR$1,274Cleveland, OH

Rank in the area28thof 126 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,323

2 BR Small Area FMR$1,470

110% of SAFMR$1,617

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,070▼ 0.9%

1 BR$1,210▼ 0.8%

2 BR$1,470▼ 0.7%

3 BR$1,880▼ 1.1%

4 BR$2,030▼ 0.5%

FY2027 FY2026

Where 44124 sits in the Cleveland, OH area

Of the 126 ZIP codes HUD lists for the area, 44124 has the 28th 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 $1,470 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,070	$963 – $1,177	$924	$1,080
1 bedroom	$1,210	$1,089 – $1,331	$1,050	$1,220
2 bedrooms	$1,470	$1,323 – $1,617	$1,274	$1,480
3 bedrooms	$1,880	$1,692 – $2,068	$1,628	$1,900
4 bedrooms	$2,030	$1,827 – $2,233	$1,756	$2,040

A household renting a two-bedroom home at the Small Area FMR of $1,470 needs about $58,800 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 44124 lies mainly in Cuyahoga County. See the Cleveland, OH metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
44122	Beachwood	3.2 mi	$1,850
44143	Cleveland	3.7 mi	$1,170
44040	Gates Mills	3.7 mi	$1,910
44121	Cleveland	3.9 mi	$1,410
44118	Cleveland	4.7 mi	$1,520
44022	Chagrin Falls	4.9 mi	$1,830

Questions

What is the Fair Market Rent for ZIP code 44124?

HUD's FY2027 Small Area Fair Market Rents for 44124 are $1,070 (studio), $1,210 (1 BR), $1,470 (2 BR), $1,880 (3 BR) and $2,030 (4 BR) a month.

What is the Section 8 payment standard in 44124?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 44124 that range is $1,323 to $1,617 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 44124?

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.