Location: Cleveland, OH | Metro: Cleveland, OH HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,310 | $216,028 | 0.61% | D |
| 3BR | $1,670 | $343,841 | 0.49% | F |
| 4BR | $1,810 | $522,360 | 0.35% | F |
| 5BR | $2,100 | $643,589 | 0.33% | F |
U.S. Census Bureau data (2024)
The ZIP code 44147, located in Broadview Heights, OH, has a population of 19,771 residents, with 16.6% being renters. This indicates that the area is predominantly homeowner-dominated, rather than renter-heavy. The median household income stands at $103,125, which is notably higher than the Fair Market Rent (FMR) threshold for Section 8 eligibility.
In this context, the typical market rent of $1,819 represents approximately 17.6% of the median household income. This percentage suggests that rent is relatively affordable compared to the average income in the area, though it still constitutes a significant portion of monthly earnings for those who qualify for Section 8 assistance.
The FMR for the area, set at $1,180 for FY 2024, is significantly lower than the market rent. This means that landlords in this ZIP code will likely find that the rental amounts they charge exceed the maximum voucher amount available through Section 8. Consequently, landlords should anticipate that tenants using Section 8 vouchers would need to supplement the voucher with additional funds to cover the full rent of $1,819.
The kind of tenant profile a landlord in Broadview Heights, OH should expect includes individuals and families who have a combined income below the FMR threshold but still require housing assistance. These tenants will likely be working professionals or families who benefit from public assistance programs but do not earn enough to comfortably afford market rents without some form of subsidy. Landlords may also encounter tenants who are willing to pay the difference between the voucher amount and the market rent, making them viable candidates despite the disparity between market and subsidized rent levels.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.