ZIP 47017 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47017 in the Cincinnati, OH-KY-IN FMR area.

Cincinnati, OH-KY-IN

$790Efficiency

$8501 bedroom

$1,0702 bedrooms

$1,3803 bedrooms

$1,5404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$1,052
1 bedroom	$850	$765	$935	$1,128
2 bedrooms	$1,070	$963	$1,177	$1,442
3 bedrooms	$1,380	$1,242	$1,518	$1,897
4 bedrooms	$1,540	$1,386	$1,694	$2,141

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

Ripley County, IN

$790Efficiency

$8501 bedroom

$1,0702 bedrooms

$1,3803 bedrooms

$1,5404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$788
1 bedroom	$850	$765	$935	$805
2 bedrooms	$1,070	$963	$1,177	$1,053
3 bedrooms	$1,380	$1,242	$1,518	$1,363
4 bedrooms	$1,540	$1,386	$1,694	$1,384

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

Switzerland County, IN

$790Efficiency

$8501 bedroom

$1,0702 bedrooms

$1,3803 bedrooms

$1,5404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$790	$711	$869	$770
1 bedroom	$850	$765	$935	$787
2 bedrooms	$1,070	$963	$1,177	$1,029
3 bedrooms	$1,380	$1,242	$1,518	$1,246
4 bedrooms	$1,540	$1,386	$1,694	$1,376

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

Income in ZIP 47017

$61,376average adjusted gross income per tax return (2022)

$48,052average salaries and wages per return

290tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	31.0%
$25,000 to $50,000	20.7%
$50,000 to $75,000	17.2%
$75,000 to $100,000	6.9%
$100,000 to $200,000	24.1%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 47017?

HUD's FY2027 Small Area FMRs for ZIP 47017 (Cincinnati, OH-KY-IN) are $790 efficiency, $850 one bedroom, $1,070 two bedrooms, $1,380 three and $1,540 four bedrooms.

What payment standard can a housing authority set in ZIP 47017?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $963 to $1,177.

How affordable is rent in ZIP 47017?

Tax returns filed from ZIP 47017 reported an average adjusted gross income of $61,376 (2022). A two-bedroom unit at the Small Area FMR costs $12,840 a year, or 21% of that income.