FMR is near market; voucher and private rents are aligned.
1.05
1 BR
1 BR
1.03ratio
FMR$1,120
Market$1,090
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.03
2 BR
2 BR
1.02ratio
FMR$1,430
Market$1,400
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
3 BR
3 BR
0.81ratio
FMR$1,880
Market$2,320
vs market-$440
FMR is below market; voucher rent may lag private rents.
0.81
4 BR
4 BR
0.84ratio
FMR$2,120
Market$2,530
vs market-$410
FMR is below market; voucher rent may lag private rents.
0.84
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 45033 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45033 (Hooven, OH) is $1,430 a month. That is up 8.3% from $1,320 in FY 2026. Hooven 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 68 ZIP codes in Hamilton County, 45033 is tied for the 26th-highest two-bedroom rent (county range $1,040–$2,160). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45033 is 36% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 45033
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$930
$1,040
+11.8%
$936–$1,144
1BR
$1,030
$1,120
+8.7%
$1,008–$1,232
2BR
$1,320
$1,430
+8.3%
$1,287–$1,573
3BR
$1,740
$1,880
+8.0%
$1,692–$2,068
4BR
$1,930
$2,120
+9.8%
$1,908–$2,332
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 45033
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,040
$1,120
$1,430
$1,880
$2,120
FY 2026
$930
$1,030
$1,320
$1,740
$1,930
FY 2025
$840
$950
$1,230
$1,630
$1,800
FY 2024
$770
$870
$1,130
$1,500
$1,670
FY 2023
$690
$790
$1,030
$1,380
$1,550
Two-bedroom rent in nearby Hamilton County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 45033?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,430, that basic range is $1,287 to $1,573 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 45033 in?
ZIP 45033 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 45033 for FY 2027?
The two-bedroom FMR rose 8.3%, from $1,320 in FY 2026 to $1,430 in FY 2027. Since FY 2023 it has risen 38.8%.
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