ZIP 45002 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 45002 in the Cincinnati, OH-KY-IN FMR area.

$1,040Efficiency
$1,1201 bedroom
$1,4302 bedrooms
$1,8803 bedrooms
$2,1204 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,040$936$1,144$1,052
1 bedroom$1,120$1,008$1,232$1,128
2 bedrooms$1,430$1,287$1,573$1,442
3 bedrooms$1,880$1,692$2,068$1,897
4 bedrooms$2,120$1,908$2,332$2,141

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

Income in ZIP 45002

$93,948average adjusted gross income per tax return (2022)
$67,110average salaries and wages per return
7,390tax returns filed
18%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00024.1%
$25,000 to $50,00021.8%
$50,000 to $75,00015.2%
$75,000 to $100,0009.7%
$100,000 to $200,00020.0%
$200,000 or more9.2%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.1% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 45002?

HUD's FY2027 Small Area FMRs for ZIP 45002 (Cincinnati, OH-KY-IN) are $1,040 efficiency, $1,120 one bedroom, $1,430 two bedrooms, $1,880 three and $2,120 four bedrooms.

What payment standard can a housing authority set in ZIP 45002?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,287 to $1,573.

How affordable is rent in ZIP 45002?

Tax returns filed from ZIP 45002 reported an average adjusted gross income of $93,948 (2022). A two-bedroom unit at the Small Area FMR costs $17,160 a year, or 18% of that income.