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Hamilton County/Cincinnati/45226

45226

ZIPSAFMR
Hamilton County, OH
Zillow

ZIP Investment Score

69Below average

095130300
BRFMR
Eff. Rent
0 BR$1,180$1,040
1 BR$1,270$1,400
2 BR$1,620$1,780
3 BR$2,130$2,340
4 BR$2,410$2,650
5 BR$2,772Not available
6 BR$3,187Not available
7 BR$3,665Not available
8 BR$4,215Not available

Purchase Price Calculator

Maximum purchase price
$202,591

Cost breakdown

+Likely effective rent$1,780
HUD FMR$1,620
Market rent$2,020
Est. payment standard (110%)Used$1,780
-Principal and interest-$1,024
Loan amount$162,073
Down payment$40,518
Rate6.50%
Term30 years
-Operating costs-$556
Property taxes-$203
Insurance-$175
Utilities$0
HOA$0
Management-$178
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,584(70.5% ROI)
Projected value
$218,168
Return breakdown
Property appreciation+$15,577
Loan principal paid down+$5,807
Rental cash flow+$7,200
5-year hold
+$48,977(120.9% ROI)
Projected value
$229,213
Return breakdown
Property appreciation+$26,622
Loan principal paid down+$10,355
Rental cash flow+$12,000
10-year hold
+$105,416(260.2% ROI)
Projected value
$259,333
Return breakdown
Property appreciation+$56,743
Loan principal paid down+$24,674
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.13
1 BR
0.85
2 BR
0.80
3 BR
0.86
4 BR
0.61
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 45226 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45226 (Cincinnati, OH) is $1,620 a month. That is up 6.6% from $1,520 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, 45226 has the 16th-highest two-bedroom rent (county range $1,040–$2,160). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45226 is 55% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45226
BedroomsFY 2027Change90–110% range
Studio$1,180+9.3%$1,062–$1,298
1BR$1,270+7.6%$1,143–$1,397
2BR$1,620+6.6%$1,458–$1,782
3BR$2,130+6.0%$1,917–$2,343
4BR$2,410+8.6%$2,169–$2,651

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45226
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,180$1,270$1,620$2,130$2,410
FY 2026$1,080$1,180$1,520$2,010$2,220
FY 2025$970$1,100$1,420$1,880$2,080
FY 2024$900$1,020$1,330$1,770$1,970
FY 2023$830$950$1,240$1,660$1,870

Two-bedroom rent in nearby Hamilton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 45226
45219$1,740+7.4%
45220$1,470−9.3%
45222$1,400−13.6%
45223$1,230−24.1%
45224$1,220−24.7%
45225$1,140−29.6%
45226Current$1,620—
45227$1,610−0.6%
45229$1,190−26.5%
45230$1,290−20.4%
45231$1,590−1.9%
45232$1,040−35.8%

Questions about ZIP 45226 rents

How much will Section 8 pay for a two-bedroom in ZIP 45226?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,620, that basic range is $1,458 to $1,782 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 45226 in?

ZIP 45226 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 45226 for FY 2027?

The two-bedroom FMR rose 6.6%, from $1,520 in FY 2026 to $1,620 in FY 2027. Since FY 2023 it has risen 30.6%.

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