FY2027 Small Area FMR · Springfield, OH

ZIP 45503 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 45503 (Springfield, OH) is $1,240 a month, up 6.9% from FY2026. That is 7% above the Springfield, OH area-wide FMR of $1,160.

2-bedroom SAFMR$1,240per month ▲ 6.9%

Area-wide 2 BR FMR$1,160Springfield, OH

Rank in the area8thof 24 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,116

2 BR Small Area FMR$1,240

110% of SAFMR$1,364

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

Studio$860▲ 7.5%

1 BR$950▲ 8.0%

2 BR$1,240▲ 6.9%

3 BR$1,530▲ 7.7%

4 BR$1,760▲ 6.7%

FY2027 FY2026

Where 45503 sits in the Springfield, OH area

Of the 24 ZIP codes HUD lists for the area, 45503 has the 8th highest two-bedroom Small Area FMR. Springfield, 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 $1,160 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,240 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	$860	$774 – $946	$808	$800
1 bedroom	$950	$855 – $1,045	$887	$880
2 bedrooms	$1,240	$1,116 – $1,364	$1,160	$1,160
3 bedrooms	$1,530	$1,377 – $1,683	$1,434	$1,420
4 bedrooms	$1,760	$1,584 – $1,936	$1,648	$1,650

A household renting a two-bedroom home at the Small Area FMR of $1,240 needs about $49,600 a year to keep housing costs at 30% of income. The area median family income is $83,700 and the 80% low-income limit for four people is $70,150. ZIP code 45503 lies mainly in Clark County. See the Springfield, OH county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
45501	Springfield	3.1 mi	$1,160
45505	Springfield	4.1 mi	$1,120
45506	Springfield	4.9 mi	$1,220
45504	Springfield	5.0 mi	$1,210
45372	Tremont City	5.1 mi	$1,160
45502	Springfield	6.9 mi	$1,280

Questions

What is the Fair Market Rent for ZIP code 45503?

HUD's FY2027 Small Area Fair Market Rents for 45503 are $860 (studio), $950 (1 BR), $1,240 (2 BR), $1,530 (3 BR) and $1,760 (4 BR) a month.

What is the Section 8 payment standard in 45503?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 45503 that range is $1,116 to $1,364 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 45503?

The FY2026 income limits of the Springfield, OH area apply: median family income $83,700, low-income (80%) limit $70,150 for a family of four.