ZIP 45003 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 45003 in the Cincinnati, OH-KY-IN FMR area.

Cincinnati, OH-KY-IN

$770Efficiency
$8001 bedroom
$1,0302 bedrooms
$1,3603 bedrooms
$1,4804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$770$693$847$1,052
1 bedroom$800$720$880$1,128
2 bedrooms$1,030$927$1,133$1,442
3 bedrooms$1,360$1,224$1,496$1,897
4 bedrooms$1,480$1,332$1,628$2,141

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

Preble County, OH

$770Efficiency
$8001 bedroom
$1,0302 bedrooms
$1,3603 bedrooms
$1,4804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$770$693$847$758
1 bedroom$800$720$880$767
2 bedrooms$1,030$927$1,133$1,003
3 bedrooms$1,360$1,224$1,496$1,332
4 bedrooms$1,480$1,332$1,628$1,412

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

Income in ZIP 45003

$54,714average adjusted gross income per tax return (2022)
$34,025average salaries and wages per return
440tax returns filed
23%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00025.0%
$25,000 to $50,00031.8%
$50,000 to $75,00022.7%
$75,000 to $100,0009.1%
$100,000 to $200,00011.4%
$200,000 or more0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 13.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 45003?

HUD's FY2027 Small Area FMRs for ZIP 45003 (Cincinnati, OH-KY-IN) are $770 efficiency, $800 one bedroom, $1,030 two bedrooms, $1,360 three and $1,480 four bedrooms.

What payment standard can a housing authority set in ZIP 45003?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $927 to $1,133.

How affordable is rent in ZIP 45003?

Tax returns filed from ZIP 45003 reported an average adjusted gross income of $54,714 (2022). A two-bedroom unit at the Small Area FMR costs $12,360 a year, or 23% of that income.