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Kenton County/Florence/41042

41042

ZIPSAFMR
Kenton County, KY
Zillow

ZIP Investment Score

139High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,260$1,390
1 BR$1,350$1,360
2 BR$1,730$1,660
3 BR$2,280$2,100
4 BR$2,570$2,610
5 BR$2,955Not available
6 BR$3,399Not available
7 BR$3,909Not available
8 BR$4,495Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,730
Market rentUsed$1,660
Est. payment standard (97%)$1,680
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.82
1 BR
0.99
2 BR
1.04
3 BR
1.09
4 BR
0.98
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 41042 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 41042 (Florence, KY) is $1,730 a month. That is up 10.9% from $1,560 in FY 2026. Florence 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, 41042 has the highest two-bedroom rent (county range $1,120–$1,730). The median county two-bedroom FMR in Kentucky is $925, so ZIP 41042 is 87% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 41042
BedroomsFY 2027Change90–110% range
Studio$1,260+14.5%$1,134–$1,386
1BR$1,350+11.6%$1,215–$1,485
2BR$1,730+10.9%$1,557–$1,903
3BR$2,280+10.7%$2,052–$2,508
4BR$2,570+12.7%$2,313–$2,827

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 41042
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,260$1,350$1,730$2,280$2,570
FY 2026$1,100$1,210$1,560$2,060$2,280
FY 2025$980$1,100$1,430$1,900$2,090
FY 2024$890$1,020$1,320$1,750$1,950
FY 2023$820$940$1,230$1,650$1,850

Two-bedroom rent in nearby Kenton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 41042
41012$1,380−20.2%
41014$1,290−25.4%
41015$1,320−23.7%
41016$1,300−24.9%
41017$1,320−23.7%
41018$1,380−20.2%
41030$1,200−30.6%
41033$1,120−35.3%
41042Current$1,730—
41051$1,650−4.6%
41053$1,380−20.2%
41063$1,210−30.1%

Questions about ZIP 41042 rents

How much will Section 8 pay for a two-bedroom in ZIP 41042?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,730, that basic range is $1,557 to $1,903 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 41042 in?

ZIP 41042 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 41042 for FY 2027?

The two-bedroom FMR rose 10.9%, from $1,560 in FY 2026 to $1,730 in FY 2027. Since FY 2023 it has risen 40.7%.

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 rentFlorence, KY fair market rentKY statewide rentsWhat is SAFMR?Data sources