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Hamilton County/Cincinnati/45220

45220

ZIPSAFMR
Hamilton County, OH
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$1,070$940
1 BR$1,150$1,130
2 BR$1,470$1,430
3 BR$1,930$1,900
4 BR$2,180$2,340
5 BR$2,507Not available
6 BR$2,883Not available
7 BR$3,316Not available
8 BR$3,813Not available

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMR$1,470
Market rentUsed$1,430
Est. payment standard (98%)$1,440
-Principal and interest-$761
Loan amount$120,465
Down payment$30,116
Rate6.50%
Term30 years
-Operating costs-$469
Property taxes-$151
Insurance-$175
Utilities$0
HOA$0
Management-$143
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,094(76.7% ROI)
Projected value
$162,159
Return breakdown
Property appreciation+$11,578
Loan principal paid down+$4,316
Rental cash flow+$7,200
5-year hold
+$39,484(131.1% ROI)
Projected value
$170,368
Return breakdown
Property appreciation+$19,788
Loan principal paid down+$7,697
Rental cash flow+$12,000
10-year hold
+$84,515(280.6% ROI)
Projected value
$192,756
Return breakdown
Property appreciation+$42,175
Loan principal paid down+$18,339
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.14
1 BR
1.02
2 BR
1.03
3 BR
1.02
4 BR
0.90
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 45220 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45220 (Cincinnati, OH) is $1,470 a month. That is up 5.8% from $1,390 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, 45220 is tied for the 22nd-highest two-bedroom rent (county range $1,040–$2,160). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45220 is 40% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45220
BedroomsFY 2027Change90–110% range
Studio$1,070+9.2%$963–$1,177
1BR$1,150+6.5%$1,035–$1,265
2BR$1,470+5.8%$1,323–$1,617
3BR$1,930+5.5%$1,737–$2,123
4BR$2,180+7.4%$1,962–$2,398

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45220
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,070$1,150$1,470$1,930$2,180
FY 2026$980$1,080$1,390$1,830$2,030
FY 2025$910$1,020$1,320$1,750$1,930
FY 2024$850$970$1,260$1,670$1,860
FY 2023$800$910$1,190$1,590$1,790

Two-bedroom rent in nearby Hamilton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 45220
45214$1,140−22.4%
45215$1,370−6.8%
45216$1,280−12.9%
45217$1,230−16.3%
45218$1,350−8.2%
45219$1,740+18.4%
45220Current$1,470—
45222$1,400−4.8%
45223$1,230−16.3%
45224$1,220−17.0%
45225$1,140−22.4%
45226$1,620+10.2%

Questions about ZIP 45220 rents

How much will Section 8 pay for a two-bedroom in ZIP 45220?

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 45220 in?

ZIP 45220 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 45220 for FY 2027?

The two-bedroom FMR rose 5.8%, from $1,390 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 23.5%.

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