What is the Fair Market Rent in Olmsted Falls, OH?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 44138, which covers Olmsted Falls, is $1,490 a month.

Across the whole Cleveland, OH HUD Metro FMR Area the two-bedroom figure is $1,274.

The Census Bureau’s median gross rent for a two-bedroom home in Olmsted Falls is $1,236 (±$178), below the Small Area figure for ZIP 44138.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,274
2 bedrooms, ZIP 44138: $1,490

Fair Market Rents for Olmsted Falls, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Cleveland, OH HUD Metro FMR Area (whole area)	$924	$1,050	$1,274	$1,628	$1,756	—
ZIP 44138 (30% of the ZIP’s land is in this place)	$1,080	$1,230	$1,490	$1,900	$2,050	$1,353

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Olmsted Falls

What is the Section 8 payment standard in Olmsted Falls?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Cleveland, OH HUD Metro FMR Area is $1,274, and the Small Area figure for 44138 is $1,490.

What is the Fair Market Rent for a two-bedroom in ZIP 44138?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 44138 is $1,490 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,353 (±$59).

What is the Fair Market Rent for a one-bedroom in Olmsted Falls?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 44138 is $1,230 a month, against $1,050 across the Cleveland, OH HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.