HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Preble County, Ohio (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Preble County is $1,003 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$1,003
+3.1% from FY 2026
Payment standard
$903–$1,103
90% to 110% of the FMR, two-bedroom
Income to afford
$40,120
a year, with rent at 30% of income
Rank in Ohio
81st 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 | $758 | $682–$834 | $30,320 | $14.58/hr | +3.0% |
| 1 bedroom | $767 | $690–$844 | $30,680 | $14.75/hr | +3.4% |
| 2 bedroom | $1,003 | $903–$1,103 | $40,120 | $19.29/hr | +3.1% |
| 3 bedroom | $1,332 | $1,199–$1,465 | $53,280 | $25.62/hr | +2.6% |
| 4 bedroom | $1,412 | $1,271–$1,553 | $56,480 | $27.15/hr | -0.8% |
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 | $1,624 | $1,462–$1,786 |
| 6 bedroom Estimate | $1,836 | $1,652–$2,020 |
| 7 bedroom Estimate | $2,047 | $1,842–$2,252 |
| 8 bedroom Estimate | $2,259 | $2,033–$2,485 |
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 Preble actually rent for?
Search any address in Preble 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 Preble somewhere between $903 and $1,103. 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.
$1,003 a month is affordable, by HUD's 30% rule, on an income of roughly $40,120 a year. Put another way, $19 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%$903 | Voucher pays at 100%$1,003 | Voucher pays at 110%$1,103 |
|---|---|---|---|---|
| $2,500 | $750 | $153 | $253 | $353 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 3% from FY 2026 ($973) to FY 2027 ($1,003). Since FY 2020 it's up 42% in total, about 5.1% 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 | $518 | $536 | $706 | $981 | $984 | — |
| FY 2021 | $568 | $572 | $754 | $1,027 | $1,125 | +6.8% |
| FY 2022 | $578 | $582 | $766 | $1,009 | $1,200 | +1.6% |
| FY 2023 | $619 | $623 | $820 | $1,066 | $1,301 | +7.0% |
| FY 2024 | $650 | $655 | $860 | $1,127 | $1,321 | +4.9% |
| FY 2025 | $669 | $674 | $884 | $1,180 | $1,343 | +2.8% |
| FY 2026 | $736 | $742 | $973 | $1,298 | $1,424 | +10.1% |
| FY 2027In effect | $758 | $767 | $1,003 | $1,332 | $1,412 | +3.1% |
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 Preble, that runs from $758 for a studio up to $1,412 for four bedrooms, all five rates in the table above.
Because Preble sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, West Elkton included.
Among Ohio's 88 counties, Preble ranks 81st for two-bedroom FMR. That's about 4% below the state median of $1,048 and about 6% below the national median county at $1,063. About 40,765 people live here, 61st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,000 in 45320 (Eaton) and $1,500 in 45070 (West Elkton), with the 10 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.
Nearby counties
Two-bedroom FMR, with how each compares to Preble.
Montgomery County
19 mi · 536,096 people
$1,248
+24%
Butler County
23 mi · 392,876 people
$1,442
+44%
Miami County
26 mi · 110,296 people
$1,248
+24%
Darke County
27 mi · 51,594 people
$1,003
same rate
Warren County
33 mi · 250,008 people
$1,442
+44%
Greene County
36 mi · 169,688 people
$1,248
+24%
Clark County
42 mi · 135,158 people
$1,160
+16%
Hamilton County
42 mi · 830,774 people
$1,442
+44%
Questions people ask
$1,003 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $758 for a studio, $767 for one bedroom, $1,332 for three and $1,412 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 Preble actually go for?
HUD's number is one input. Search any address in Preble for a rent estimate built from nearby comps. Free to start, no card.
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