ZIP 45229 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 45229 in the Cincinnati, OH-KY-IN FMR area.

$870Efficiency
$9301 bedroom
$1,1902 bedrooms
$1,5703 bedrooms
$1,7704 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$870$783$957$1,052
1 bedroom$930$837$1,023$1,128
2 bedrooms$1,190$1,071$1,309$1,442
3 bedrooms$1,570$1,413$1,727$1,897
4 bedrooms$1,770$1,593$1,947$2,141

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

Income in ZIP 45229

$56,023average adjusted gross income per tax return (2022)
$40,941average salaries and wages per return
5,120tax returns filed
25%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00044.3%
$25,000 to $50,00027.9%
$50,000 to $75,00010.0%
$75,000 to $100,0004.9%
$100,000 to $200,0008.0%
$200,000 or more4.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 33.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 45229?

HUD's FY2027 Small Area FMRs for ZIP 45229 (Cincinnati, OH-KY-IN) are $870 efficiency, $930 one bedroom, $1,190 two bedrooms, $1,570 three and $1,770 four bedrooms.

What payment standard can a housing authority set in ZIP 45229?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,071 to $1,309.

How affordable is rent in ZIP 45229?

Tax returns filed from ZIP 45229 reported an average adjusted gross income of $56,023 (2022). A two-bedroom unit at the Small Area FMR costs $14,280 a year, or 25% of that income.