ZIP 41002 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 41002 in the Cincinnati, OH-KY-IN FMR area.

Cincinnati, OH-KY-IN

$740Efficiency

$7901 bedroom

$1,0102 bedrooms

$1,3403 bedrooms

$1,5204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$740	$666	$814	$1,052
1 bedroom	$790	$711	$869	$1,128
2 bedrooms	$1,010	$909	$1,111	$1,442
3 bedrooms	$1,340	$1,206	$1,474	$1,897
4 bedrooms	$1,520	$1,368	$1,672	$2,141

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Mason County, KY

$740Efficiency

$7901 bedroom

$1,0102 bedrooms

$1,3403 bedrooms

$1,5204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$740	$666	$814	$715
1 bedroom	$790	$711	$869	$797
2 bedrooms	$1,010	$909	$1,111	$1,001
3 bedrooms	$1,340	$1,206	$1,474	$1,196
4 bedrooms	$1,520	$1,368	$1,672	$1,477

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 41002

$56,068average adjusted gross income per tax return (2022)

$43,089average salaries and wages per return

990tax returns filed

22%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	30.3%
$25,000 to $50,000	28.3%
$50,000 to $75,000	18.2%
$75,000 to $100,000	10.1%
$100,000 to $200,000	11.1%
$200,000 or more	2.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 20.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 41002?

HUD's FY2027 Small Area FMRs for ZIP 41002 (Cincinnati, OH-KY-IN) are $740 efficiency, $790 one bedroom, $1,010 two bedrooms, $1,340 three and $1,520 four bedrooms.

What payment standard can a housing authority set in ZIP 41002?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $909 to $1,111.

How affordable is rent in ZIP 41002?

Tax returns filed from ZIP 41002 reported an average adjusted gross income of $56,068 (2022). A two-bedroom unit at the Small Area FMR costs $12,120 a year, or 22% of that income.