FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR
1.14ratio
FMR$1,940
Market$1,700
vs market+$240
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR
1.13ratio
FMR$2,190
Market$1,940
vs market+$250
FMR is above market; underwrite to market rent.
1.13
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 45267 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45267 (Cincinnati, OH) is $1,480 a month. That is up 8.0% from $1,370 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, 45267 has the 21st-highest two-bedroom rent (county range $1,040–$2,160). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45267 is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 45267
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$970
$1,080
+11.3%
$972–$1,188
1BR
$1,070
$1,150
+7.5%
$1,035–$1,265
2BR
$1,370
$1,480
+8.0%
$1,332–$1,628
3BR
$1,810
$1,940
+7.2%
$1,746–$2,134
4BR
$2,010
$2,190
+9.0%
$1,971–$2,409
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 45267
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,080
$1,150
$1,480
$1,940
$2,190
FY 2026
$970
$1,070
$1,370
$1,810
$2,010
FY 2025
$890
$1,000
$1,290
$1,710
$1,880
FY 2024
$780
$880
$1,150
$1,530
$1,700
FY 2023area FMR
$731
$839
$1,093
$1,464
$1,645
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Hamilton County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 45267?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,480, that basic range is $1,332 to $1,628 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 45267 in?
ZIP 45267 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 45267 for FY 2027?
The two-bedroom FMR rose 8.0%, from $1,370 in FY 2026 to $1,480 in FY 2027. Since FY 2024 it has risen 28.7%.
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