ZIP 47041 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 47041 in the Cincinnati, OH-KY-IN FMR area.

Cincinnati, OH-KY-IN

$860Efficiency

$9101 bedroom

$1,1702 bedrooms

$1,5303 bedrooms

$1,6404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$860	$774	$946	$1,052
1 bedroom	$910	$819	$1,001	$1,128
2 bedrooms	$1,170	$1,053	$1,287	$1,442
3 bedrooms	$1,530	$1,377	$1,683	$1,897
4 bedrooms	$1,640	$1,476	$1,804	$2,141

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

Franklin County, IN

$860Efficiency

$9101 bedroom

$1,1702 bedrooms

$1,5303 bedrooms

$1,6404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$860	$774	$946	$841
1 bedroom	$910	$819	$1,001	$950
2 bedrooms	$1,170	$1,053	$1,287	$1,148
3 bedrooms	$1,530	$1,377	$1,683	$1,503
4 bedrooms	$1,640	$1,476	$1,804	$1,509

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

Ripley County, IN

$860Efficiency

$9101 bedroom

$1,1702 bedrooms

$1,5303 bedrooms

$1,6404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$860	$774	$946	$788
1 bedroom	$910	$819	$1,001	$805
2 bedrooms	$1,170	$1,053	$1,287	$1,053
3 bedrooms	$1,530	$1,377	$1,683	$1,363
4 bedrooms	$1,640	$1,476	$1,804	$1,384

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

Income in ZIP 47041

$68,237average adjusted gross income per tax return (2022)

$50,530average salaries and wages per return

3,010tax returns filed

21%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	27.6%
$25,000 to $50,000	22.6%
$50,000 to $75,000	15.6%
$75,000 to $100,000	11.6%
$100,000 to $200,000	18.6%
$200,000 or more	4.0%

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 47041?

HUD's FY2027 Small Area FMRs for ZIP 47041 (Cincinnati, OH-KY-IN) are $860 efficiency, $910 one bedroom, $1,170 two bedrooms, $1,530 three and $1,640 four bedrooms.

What payment standard can a housing authority set in ZIP 47041?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,053 to $1,287.

How affordable is rent in ZIP 47041?

Tax returns filed from ZIP 47041 reported an average adjusted gross income of $68,237 (2022). A two-bedroom unit at the Small Area FMR costs $14,040 a year, or 21% of that income.