FMR is near market; voucher and private rents are aligned.
1.06
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 45012 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45012 (Hamilton, OH) is $1,470 a month. That is up 5.0% from $1,400 in FY 2026. Hamilton 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 25 ZIP codes in Butler County, 45012 is tied for the 8th-highest two-bedroom rent (county range $1,030–$1,990). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45012 is 40% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 45012
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$990
$1,070
+8.1%
$963–$1,177
1BR
$1,090
$1,150
+5.5%
$1,035–$1,265
2BR
$1,400
$1,470
+5.0%
$1,323–$1,617
3BR
$1,850
$1,930
+4.3%
$1,737–$2,123
4BR
$2,040
$2,180
+6.9%
$1,962–$2,398
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 45012
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,070
$1,150
$1,470
$1,930
$2,180
FY 2026
$990
$1,090
$1,400
$1,850
$2,040
FY 2025
$920
$1,030
$1,340
$1,780
$1,960
FY 2024
$840
$950
$1,240
$1,650
$1,830
FY 2023
$760
$870
$1,130
$1,510
$1,700
Two-bedroom rent in nearby Butler County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 45012?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,470, that basic range is $1,323 to $1,617 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 45012 in?
ZIP 45012 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 45012 for FY 2027?
The two-bedroom FMR rose 5.0%, from $1,400 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 30.1%.
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