ZIP 45238 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 45238 in the Cincinnati, OH-KY-IN FMR area.

$930Efficiency
$1,0001 bedroom
$1,2802 bedrooms
$1,6803 bedrooms
$1,9004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$930$837$1,023$1,052
1 bedroom$1,000$900$1,100$1,128
2 bedrooms$1,280$1,152$1,408$1,442
3 bedrooms$1,680$1,512$1,848$1,897
4 bedrooms$1,900$1,710$2,090$2,141

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

Income in ZIP 45238

$58,197average adjusted gross income per tax return (2022)
$44,421average salaries and wages per return
22,880tax returns filed
26%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00027.3%
$25,000 to $50,00029.8%
$50,000 to $75,00018.1%
$75,000 to $100,00010.1%
$100,000 to $200,00012.6%
$200,000 or more2.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 18.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 45238?

HUD's FY2027 Small Area FMRs for ZIP 45238 (Cincinnati, OH-KY-IN) are $930 efficiency, $1,000 one bedroom, $1,280 two bedrooms, $1,680 three and $1,900 four bedrooms.

What payment standard can a housing authority set in ZIP 45238?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,152 to $1,408.

How affordable is rent in ZIP 45238?

Tax returns filed from ZIP 45238 reported an average adjusted gross income of $58,197 (2022). A two-bedroom unit at the Small Area FMR costs $15,360 a year, or 26% of that income.