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 | $780 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $198,383 | 0.54% | F |
| 3BR | $1,380 | $266,123 | 0.52% | F |
| 4BR | $1,490 | $347,282 | 0.43% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 44254, Lodi, OH, in fiscal year 2024 is set at $910. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you will receive; it is the payment standard used by the Housing Choice Voucher Program.
In comparison, the average rent in Lodi, OH, based on Census American Community Survey (ACS) data, is $902. This indicates that the FMR is slightly higher than the local average, which could be beneficial for landlords participating in the Section 8 program.
The renter share in Lodi, OH, stands at 21.5%. This means that approximately one-fifth of the households in the area are renters, showing a steady demand for rental properties. Given this demand, there is potential for landlords to find tenants willing to participate in the Section 8 program.
When acquiring a property in this area, expect the median home value to be around $250,848. This figure should be considered when evaluating the costs and benefits of entering the Section 8 market.
Before committing to a Section 8 rental, it is crucial to verify that your property meets all the necessary requirements set by the housing authority. These requirements include ensuring that the unit is safe, decent, and sanitary, and that it complies with the Housing Quality Standards (HQS).
To summarize, the FMR of $910 is the payment ceiling for Section 8 vouchers, slightly above the local average of $902. With a renter share of 21.5%, there is a consistent demand for rentals. At an acquisition cost of about $250,848, it's essential to ensure your property meets HQS standards to avoid any issues with the housing authority.
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.