FY2027 Small Area FMR · Waterloo, OH
ZIP 45688 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 45688 (Waterloo, OH) is $1,000 a month, unchanged from FY2026. That is 1% below the Huntington-Ashland, WV-KY-OH area-wide FMR of $1,006.
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 45688 sits in the Huntington-Ashland, WV-KY-OH area
Of the 95 ZIP codes HUD lists for the area, 45688 has the 63rd highest two-bedroom Small Area FMR. Huntington-Ashland, WV-KY-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 $1,006 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,000 for this ZIP code instead.
ZIP code 45688 crosses more than one HUD area. HUD also lists it under Gallia County, OH (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $830 | $747 – $913 | $858 | $840 |
| 1 bedroom | $840 | $756 – $924 | $864 | $860 |
| 2 bedrooms | $1,000 | $900 – $1,100 | $1,006 | $1,000 |
| 3 bedrooms | $1,280 | $1,152 – $1,408 | $1,287 | $1,300 |
| 4 bedrooms | $1,470 | $1,323 – $1,617 | $1,393 | $1,450 |
A household renting a two-bedroom home at the Small Area FMR of $1,000 needs about $40,000 a year to keep housing costs at 30% of income. The area median family income is $83,300 and the 80% low-income limit for four people is $66,650. ZIP code 45688 lies mainly in Lawrence County and Gallia County. See the Huntington-Ashland, WV-KY-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 45688?
HUD's FY2027 Small Area Fair Market Rents for 45688 are $830 (studio), $840 (1 BR), $1,000 (2 BR), $1,280 (3 BR) and $1,470 (4 BR) a month.
What is the Section 8 payment standard in 45688?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 45688 that range is $900 to $1,100 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 45688?
The FY2026 income limits of the Huntington-Ashland, WV-KY-OH area apply: median family income $83,300, low-income (80%) limit $66,650 for a family of four.