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Hamilton County/Cincinnati/45241

45241

ZIPSAFMR
Hamilton County, OH
Zillow

ZIP Investment Score

113Above average

095130300
BRFMR
Eff. Rent
0 BR$1,120$1,130
1 BR$1,210$1,190
2 BR$1,540$1,690
3 BR$2,030$2,100
4 BR$2,290$2,520
5 BR$2,634Not available
6 BR$3,029Not available
7 BR$3,483Not available
8 BR$4,005Not available

Purchase Price Calculator

Maximum purchase price
$189,217

Cost breakdown

+Likely effective rent$1,690
HUD FMR$1,540
Market rent$1,820
Est. payment standard (110%)Used$1,690
-Principal and interest-$957
Loan amount$151,373
Down payment$37,843
Rate6.50%
Term30 years
-Operating costs-$533
Property taxes-$189
Insurance-$175
Utilities$0
HOA$0
Management-$169
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$27,172(71.8% ROI)
Projected value
$203,766
Return breakdown
Property appreciation+$14,549
Loan principal paid down+$5,423
Rental cash flow+$7,200
5-year hold
+$46,536(123.0% ROI)
Projected value
$214,081
Return breakdown
Property appreciation+$24,865
Loan principal paid down+$9,671
Rental cash flow+$12,000
10-year hold
+$100,042(264.4% ROI)
Projected value
$242,214
Return breakdown
Property appreciation+$52,997
Loan principal paid down+$23,045
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.98
1 BR
1.02
2 BR
0.85
3 BR
0.95
4 BR
0.76
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 45241 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45241 (Cincinnati, OH) is $1,540 a month. That is up 3.4% from $1,490 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, 45241 is tied for the 19th-highest two-bedroom rent (county range $1,040–$2,160). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45241 is 47% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45241
BedroomsFY 2027Change90–110% range
Studio$1,120+5.7%$1,008–$1,232
1BR$1,210+4.3%$1,089–$1,331
2BR$1,540+3.4%$1,386–$1,694
3BR$2,030+3.0%$1,827–$2,233
4BR$2,290+5.0%$2,061–$2,519

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45241
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,120$1,210$1,540$2,030$2,290
FY 2026$1,060$1,160$1,490$1,970$2,180
FY 2025$1,020$1,140$1,480$1,960$2,170
FY 2024$960$1,080$1,410$1,870$2,080
FY 2023$860$980$1,280$1,710$1,930

Two-bedroom rent in nearby Hamilton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 45241
45235$1,400−9.1%
45236$1,5400.0%
45237$1,200−22.1%
45238$1,280−16.9%
45239$1,310−14.9%
45240$1,650+7.1%
45241Current$1,540—
45242$2,160+40.3%
45243$2,160+40.3%
45244$1,470−4.5%
45246$1,660+7.8%
45247$1,400−9.1%

Questions about ZIP 45241 rents

How much will Section 8 pay for a two-bedroom in ZIP 45241?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,540, that basic range is $1,386 to $1,694 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 45241 in?

ZIP 45241 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 45241 for FY 2027?

The two-bedroom FMR rose 3.4%, from $1,490 in FY 2026 to $1,540 in FY 2027. Since FY 2023 it has risen 20.3%.

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