ZIP 41016 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 41016 in the Cincinnati, OH-KY-IN FMR area.

$950Efficiency
$1,0201 bedroom
$1,3002 bedrooms
$1,7103 bedrooms
$1,9304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$950$855$1,045$1,052
1 bedroom$1,020$918$1,122$1,128
2 bedrooms$1,300$1,170$1,430$1,442
3 bedrooms$1,710$1,539$1,881$1,897
4 bedrooms$1,930$1,737$2,123$2,141

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

Income in ZIP 41016

$61,000average adjusted gross income per tax return (2022)
$48,123average salaries and wages per return
2,630tax returns filed
26%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00024.7%
$25,000 to $50,00029.3%
$50,000 to $75,00019.8%
$75,000 to $100,00011.0%
$100,000 to $200,00012.5%
$200,000 or more2.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 16.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 41016?

HUD's FY2027 Small Area FMRs for ZIP 41016 (Cincinnati, OH-KY-IN) are $950 efficiency, $1,020 one bedroom, $1,300 two bedrooms, $1,710 three and $1,930 four bedrooms.

What payment standard can a housing authority set in ZIP 41016?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,170 to $1,430.

How affordable is rent in ZIP 41016?

Tax returns filed from ZIP 41016 reported an average adjusted gross income of $61,000 (2022). A two-bedroom unit at the Small Area FMR costs $15,600 a year, or 26% of that income.