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Hamilton County/Cincinnati/45239

45239

ZIPSAFMR
Hamilton County, OH
Zillow

ZIP Investment Score

128Above average

095130300
BRFMR
Eff. Rent
0 BR$960$900
1 BR$1,030$1,020
2 BR$1,310$1,310
3 BR$1,720$1,670
4 BR$1,940$1,900
5 BR$2,231Not available
6 BR$2,566Not available
7 BR$2,950Not available
8 BR$3,393Not available

Purchase Price Calculator

Maximum purchase price
$132,749

Cost breakdown

+Likely effective rent$1,310
HUD FMR$1,310
Market rent$1,310
Est. payment standard (100%)Used$1,310
-Principal and interest-$671
Loan amount$106,199
Down payment$26,550
Rate6.50%
Term30 years
-Operating costs-$439
Property taxes-$133
Insurance-$175
Utilities$0
HOA$0
Management-$131
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,212(79.9% ROI)
Projected value
$142,956
Return breakdown
Property appreciation+$10,207
Loan principal paid down+$3,805
Rental cash flow+$7,200
5-year hold
+$36,229(136.5% ROI)
Projected value
$150,193
Return breakdown
Property appreciation+$17,444
Loan principal paid down+$6,785
Rental cash flow+$12,000
10-year hold
+$77,349(291.3% ROI)
Projected value
$169,930
Return breakdown
Property appreciation+$37,181
Loan principal paid down+$16,168
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.07
1 BR
1.01
2 BR
1.00
3 BR
1.03
4 BR
1.02
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 45239 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45239 (Cincinnati, OH) is $1,310 a month. That is up 6.5% from $1,230 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, 45239 is tied for the 46th-highest two-bedroom rent (county range $1,040–$2,160). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45239 is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45239
BedroomsFY 2027Change90–110% range
Studio$960+10.3%$864–$1,056
1BR$1,030+7.3%$927–$1,133
2BR$1,310+6.5%$1,179–$1,441
3BR$1,720+6.2%$1,548–$1,892
4BR$1,940+7.8%$1,746–$2,134

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45239
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$960$1,030$1,310$1,720$1,940
FY 2026$870$960$1,230$1,620$1,800
FY 2025$830$930$1,210$1,600$1,770
FY 2024$760$860$1,120$1,490$1,660
FY 2023$700$810$1,050$1,410$1,580

Two-bedroom rent in nearby Hamilton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 45239
45233$1,220−6.9%
45234$1,400+6.9%
45235$1,400+6.9%
45236$1,540+17.6%
45237$1,200−8.4%
45238$1,280−2.3%
45239Current$1,310—
45240$1,650+26.0%
45241$1,540+17.6%
45242$2,160+64.9%
45243$2,160+64.9%
45244$1,470+12.2%

Questions about ZIP 45239 rents

How much will Section 8 pay for a two-bedroom in ZIP 45239?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,310, that basic range is $1,179 to $1,441 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 45239 in?

ZIP 45239 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 45239 for FY 2027?

The two-bedroom FMR rose 6.5%, from $1,230 in FY 2026 to $1,310 in FY 2027. Since FY 2023 it has risen 24.8%.

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

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