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Hamilton County/Cincinnati/45211

45211

ZIPSAFMR
Hamilton County, OH
Zillow

ZIP Investment Score

135High yield potential

095130300
BRFMR
Eff. Rent
0 BR$880$850
1 BR$950$1,030
2 BR$1,210$1,270
3 BR$1,590$1,670
4 BR$1,800$1,920
5 BR$2,070Not available
6 BR$2,380Not available
7 BR$2,738Not available
8 BR$3,148Not available

Purchase Price Calculator

Maximum purchase price
$126,805

Cost breakdown

+Likely effective rent$1,270
HUD FMR$1,210
Market rent$1,300
Est. payment standard (105%)Used$1,270
-Principal and interest-$641
Loan amount$101,444
Down payment$25,361
Rate6.50%
Term30 years
-Operating costs-$429
Property taxes-$127
Insurance-$175
Utilities$0
HOA$0
Management-$127
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,585(81.2% ROI)
Projected value
$136,555
Return breakdown
Property appreciation+$9,750
Loan principal paid down+$3,634
Rental cash flow+$7,200
5-year hold
+$35,144(138.6% ROI)
Projected value
$143,468
Return breakdown
Property appreciation+$16,663
Loan principal paid down+$6,481
Rental cash flow+$12,000
10-year hold
+$74,960(295.6% ROI)
Projected value
$162,321
Return breakdown
Property appreciation+$35,516
Loan principal paid down+$15,444
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.04
1 BR
0.89
2 BR
0.93
3 BR
0.93
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 45211 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45211 (Cincinnati, OH) is $1,210 a month. That is up 6.1% from $1,140 in FY 2026. Cincinnati 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, 45211 has the 60th-highest two-bedroom rent (county range $1,040–$2,160). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45211 is 15% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45211
BedroomsFY 2027Change90–110% range
Studio$880+8.6%$792–$968
1BR$950+6.7%$855–$1,045
2BR$1,210+6.1%$1,089–$1,331
3BR$1,590+6.0%$1,431–$1,749
4BR$1,800+8.4%$1,620–$1,980

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45211
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$880$950$1,210$1,590$1,800
FY 2026$810$890$1,140$1,500$1,660
FY 2025$740$830$1,080$1,430$1,590
FY 2024$700$790$1,030$1,370$1,520
FY 2023$640$730$950$1,270$1,430

Two-bedroom rent in nearby Hamilton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 45211
45205$1,230+1.7%
45206$1,310+8.3%
45207$1,310+8.3%
45208$1,760+45.5%
45209$1,880+55.4%
45211Current$1,210—
45212$1,430+18.2%
45213$1,310+8.3%
45214$1,140−5.8%
45215$1,370+13.2%
45216$1,280+5.8%
45217$1,230+1.7%

Questions about ZIP 45211 rents

How much will Section 8 pay for a two-bedroom in ZIP 45211?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,210, that basic range is $1,089 to $1,331 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 45211 in?

ZIP 45211 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 45211 for FY 2027?

The two-bedroom FMR rose 6.1%, from $1,140 in FY 2026 to $1,210 in FY 2027. Since FY 2023 it has risen 27.4%.

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 rentCincinnati, OH fair market rentOH statewide rentsWhat is SAFMR?Data sources