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Kenton County/Ft Mitchell/41017

41017

ZIPSAFMR
Kenton County, KY
Zillow

ZIP Investment Score

107Above average

095130300
BRFMR
Eff. Rent
0 BR$960$1,060
1 BR$1,030$1,130
2 BR$1,320$1,450
3 BR$1,740$1,910
4 BR$1,960$2,080
5 BR$2,254Not available
6 BR$2,592Not available
7 BR$2,981Not available
8 BR$3,428Not available

Purchase Price Calculator

Maximum purchase price
$153,553

Cost breakdown

+Likely effective rent$1,450
HUD FMR$1,320
Market rent$1,720
Est. payment standard (110%)Used$1,450
-Principal and interest-$776
Loan amount$122,842
Down payment$30,711
Rate6.50%
Term30 years
-Operating costs-$474
Property taxes-$154
Insurance-$175
Utilities$0
HOA$0
Management-$145
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,408(76.2% ROI)
Projected value
$165,360
Return breakdown
Property appreciation+$11,807
Loan principal paid down+$4,401
Rental cash flow+$7,200
5-year hold
+$40,027(130.3% ROI)
Projected value
$173,731
Return breakdown
Property appreciation+$20,178
Loan principal paid down+$7,848
Rental cash flow+$12,000
10-year hold
+$85,709(279.1% ROI)
Projected value
$196,561
Return breakdown
Property appreciation+$43,008
Loan principal paid down+$18,701
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.74
1 BR
0.75
2 BR
0.77
3 BR
0.83
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 41017 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 41017 (Ft Mitchell, KY) is $1,320 a month. That is up 6.5% from $1,240 in FY 2026. Ft Mitchell is in the Cincinnati, OH-KY-IN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 15 ZIP codes in Kenton County, 41017 is tied for the 9th-highest two-bedroom rent (county range $1,120–$1,730). The median county two-bedroom FMR in Kentucky is $925, so ZIP 41017 is 43% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 41017
BedroomsFY 2027Change90–110% range
Studio$960+9.1%$864–$1,056
1BR$1,030+7.3%$927–$1,133
2BR$1,320+6.5%$1,188–$1,452
3BR$1,740+6.1%$1,566–$1,914
4BR$1,960+8.3%$1,764–$2,156

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 41017
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$960$1,030$1,320$1,740$1,960
FY 2026$880$960$1,240$1,640$1,810
FY 2025$820$920$1,190$1,580$1,740
FY 2024$750$850$1,100$1,460$1,630
FY 2023$690$790$1,030$1,380$1,550

Two-bedroom rent in nearby Kenton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 41017
41011$1,530+15.9%
41012$1,380+4.5%
41014$1,290−2.3%
41015$1,3200.0%
41016$1,300−1.5%
41017Current$1,320—
41018$1,380+4.5%
41030$1,200−9.1%
41033$1,120−15.2%
41042$1,730+31.1%
41051$1,650+25.0%
41053$1,380+4.5%

Questions about ZIP 41017 rents

How much will Section 8 pay for a two-bedroom in ZIP 41017?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,320, that basic range is $1,188 to $1,452 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 41017 in?

ZIP 41017 is in the Cincinnati, OH-KY-IN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 41017 for FY 2027?

The two-bedroom FMR rose 6.5%, from $1,240 in FY 2026 to $1,320 in FY 2027. Since FY 2023 it has risen 28.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentFt Mitchell, KY fair market rentKY statewide rentsWhat is SAFMR?Data sources