HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Licking County, Ohio (FY 2027)
$1,602 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Licking County, and it's the baseline every voucher in Licking is measured against.
Two-bedroom FMR
$1,602
+12.0% from FY 2026
Payment standard
$1,442–$1,762
90% to 110% of the FMR, two-bedroom
Income to afford
$64,080
a year, with rent at 30% of income
Rank in Ohio
5th of 88
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $1,258 | $1,132–$1,384 | $50,320 | $24.19/hr | +13.2% |
| 1 bedroom | $1,346 | $1,211–$1,481 | $53,840 | $25.88/hr | +12.7% |
| 2 bedroom | $1,602 | $1,442–$1,762 | $64,080 | $30.81/hr | +12.0% |
| 3 bedroom | $1,909 | $1,718–$2,100 | $76,360 | $36.71/hr | +11.3% |
| 4 bedroom | $2,172 | $1,955–$2,389 | $86,880 | $41.77/hr | +12.7% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $2,498 | $2,248–$2,748 |
| 6 bedroom Estimate | $2,824 | $2,542–$3,106 |
| 7 bedroom Estimate | $3,149 | $2,834–$3,464 |
| 8 bedroom Estimate | $3,475 | $3,128–$3,823 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Licking actually rent for?
Search any address in Licking for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Licking somewhere between $1,442 and $1,762. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,602 a month is affordable, by HUD's 30% rule, on an income of roughly $64,080 a year. Put another way, $31 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,442 | Voucher pays at 100%$1,602 | Voucher pays at 110%$1,762 |
|---|---|---|---|---|
| $2,500 | $750 | $692 | $852 | $1,012 |
| $4,000 | $1,200 | $242 | $402 | $562 |
Rate history
The two-bedroom rate went up 12% from FY 2026 ($1,430) to FY 2027 ($1,602). Since FY 2020 it's up 61% in total, about 7.1% a year. The Ohio median moved up 3% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $677 | $794 | $992 | $1,262 | $1,449 | — |
| FY 2021 | $717 | $827 | $1,031 | $1,298 | $1,468 | +3.9% |
| FY 2022 | $730 | $829 | $1,032 | $1,281 | $1,426 | +0.1% |
| FY 2023 | $842 | $941 | $1,163 | $1,426 | $1,577 | +12.7% |
| FY 2024 | $970 | $1,065 | $1,302 | $1,574 | $1,745 | +12.0% |
| FY 2025 | $1,104 | $1,194 | $1,445 | $1,741 | $1,939 | +11.0% |
| FY 2026 | $1,111 | $1,194 | $1,430 | $1,715 | $1,927 | -1.0% |
| FY 2027In effect | $1,258 | $1,346 | $1,602 | $1,909 | $2,172 | +12.0% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Licking, that runs from $1,258 for a studio up to $2,172 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Licking in with 6 other counties in the Columbus metro, Franklin County, Delaware County, Fairfield County among them, and every one of them gets $1,602 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Ohio's 88 counties, Licking ranks 5th for two-bedroom FMR. That's about 53% above the state median of $1,048 and about 51% above the national median county at $1,063. About 181,837 people live here, 17th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,100 in 43740 (Gratiot) and $1,770 in 43018 (Etna), with the 19 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 43001 | Alexandria | $1,510 | -5.7% |
| 43008 | Buckeye Lake | $1,240 | -22.6% |
| 43013 | Croton | $1,450 | -9.5% |
| 43018 | Etna | $1,770 | +10.5% |
| 43023 | Granville | $1,400 | -12.6% |
| 43025 | Hebron | $1,130 | -29.5% |
| 43027 | Homer | $1,350 | -15.7% |
| 43030 | Jacksontown | $1,280 | -20.1% |
| 43031 | Johnstown | $1,460 | -8.9% |
| 43033 | Kirkersville | $1,600 | -0.1% |
| 43055 | Newark | $1,250 | -22.0% |
| 43056 | Heath | $1,440 | -10.1% |
| 43058 | Newark | $1,360 | -15.1% |
| 43062 | Pataskala | $1,770 | +10.5% |
| 43071 | Saint Louisville | $1,270 | -20.7% |
| 43073 | Summit Station | $1,360 | -15.1% |
| 43080 | Utica | $1,350 | -15.7% |
| 43093 | Newark | $1,602County rate | — |
| 43721 | Brownsville | $1,290 | -19.5% |
| 43740 | Gratiot | $1,100 | -31.3% |
Counties sharing the Columbus metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,602 two-bedroom figure as Licking.
Nearby counties
Two-bedroom FMR, with how each compares to Licking.
Fairfield County
21 mi · 163,453 people
$1,602
same rate
Knox County
23 mi · 63,142 people
$1,136
-29%
Franklin County
26 mi · 1,333,048 people
$1,602
same rate
Perry County
26 mi · 35,535 people
$1,006
-37%
Muskingum County
28 mi · 86,411 people
$1,003
-37%
Delaware County
30 mi · 226,834 people
$1,602
same rate
Morrow County
36 mi · 35,404 people
$1,602
same rate
Coshocton County
38 mi · 36,744 people
$1,003
-37%
Questions people ask
$1,602 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,258 for a studio, $1,346 for one bedroom, $1,909 for three and $2,172 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Licking actually go for?
HUD's number is one input. Search any address in Licking for a rent estimate built from nearby comps. Free to start, no card.
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