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Butler County/West Elkton/45070

45070

ZIPSAFMR
Butler County, OH
Zillow

ZIP Investment Score

129Above average

095130300
BRFMR
Eff. Rent
0 BR$1,130$1,130
1 BR$1,150$1,150
2 BR$1,500$1,500
3 BR$1,990$1,990
4 BR$2,110$2,110
5 BR$2,427Not available
6 BR$2,790Not available
7 BR$3,209Not available
8 BR$3,690Not available

Purchase Price Calculator

Maximum purchase price
$160,983

Cost breakdown

+Likely effective rent$1,500
HUD FMRUsed$1,500
Market rentN/A
Est. payment standardN/A
-Principal and interest-$814
Loan amount$128,786
Down payment$32,197
Rate6.50%
Term30 years
-Operating costs-$486
Property taxes-$161
Insurance-$175
Utilities$0
HOA$0
Management-$150
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,192(75.1% ROI)
Projected value
$173,361
Return breakdown
Property appreciation+$12,378
Loan principal paid down+$4,614
Rental cash flow+$7,200
5-year hold
+$41,383(128.5% ROI)
Projected value
$182,137
Return breakdown
Property appreciation+$21,154
Loan principal paid down+$8,228
Rental cash flow+$12,000
10-year hold
+$88,695(275.5% ROI)
Projected value
$206,072
Return breakdown
Property appreciation+$45,089
Loan principal paid down+$19,606
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 45070 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45070 (West Elkton, OH) is $1,500 a month. That is up 8.7% from $1,380 in FY 2026. West Elkton 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, 45070 has the 7th-highest two-bedroom rent (county range $1,030–$1,990). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45070 is 43% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45070
BedroomsFY 2027Change90–110% range
Studio$1,130+8.7%$1,017–$1,243
1BR$1,150+9.5%$1,035–$1,265
2BR$1,500+8.7%$1,350–$1,650
3BR$1,990+8.2%$1,791–$2,189
4BR$2,110+4.5%$1,899–$2,321

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45070
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,130$1,150$1,500$1,990$2,110
FY 2026$1,040$1,050$1,380$1,840$2,020
FY 2025$890$890$1,170$1,560$1,780
FY 2024area FMR$810$919$1,195$1,588$1,766
FY 2023area FMR$731$839$1,093$1,464$1,645

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Butler County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 45070
45050$1,950+30.0%
45053$1,330−11.3%
45055$1,370−8.7%
45056$1,380−8.0%
45061$1,470−2.0%
45062$1,360−9.3%
45063$1,470−2.0%
45064$1,220−18.7%
45067$1,770+18.0%
45069$1,990+32.7%
45070Current$1,500—
45071$1,470−2.0%

Questions about ZIP 45070 rents

How much will Section 8 pay for a two-bedroom in ZIP 45070?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,500, that basic range is $1,350 to $1,650 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 45070 in?

ZIP 45070 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 45070 for FY 2027?

The two-bedroom FMR rose 8.7%, from $1,380 in FY 2026 to $1,500 in FY 2027. Since FY 2025 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 rentWest Elkton, OH fair market rentOH statewide rentsWhat is SAFMR?Data sources