FY2027 Small Area FMR · Cincinnati, OH

ZIP 45205 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 45205 (Cincinnati, OH) is $1,230 a month, up 7.0% from FY2026. That is 15% below the Cincinnati, OH-KY-IN area-wide FMR of $1,442.

2-bedroom SAFMR$1,230per month ▲ 7.0%

Area-wide 2 BR FMR$1,442Cincinnati, OH-KY-IN

Rank in the area127thof 184 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,107

2 BR Small Area FMR$1,230

110% of SAFMR$1,353

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$900▲ 11.1%

1 BR$960▲ 7.9%

2 BR$1,230▲ 7.0%

3 BR$1,620▲ 6.6%

4 BR$1,830▲ 8.9%

FY2027 FY2026

Where 45205 sits in the Cincinnati, OH-KY-IN area

Of the 184 ZIP codes HUD lists for the area, 45205 has the 127th highest two-bedroom Small Area FMR. Cincinnati, OH-KY-IN is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,107 and $1,353 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$900	$810 – $990	$1,052	$810
1 bedroom	$960	$864 – $1,056	$1,128	$890
2 bedrooms	$1,230	$1,107 – $1,353	$1,442	$1,150
3 bedrooms	$1,620	$1,458 – $1,782	$1,897	$1,520
4 bedrooms	$1,830	$1,647 – $2,013	$2,141	$1,680

A household renting a two-bedroom home at the Small Area FMR of $1,230 needs about $49,200 a year to keep housing costs at 30% of income. The area median family income is $109,900 and the 80% low-income limit for four people is $87,900. ZIP code 45205 lies mainly in Hamilton County. See the Cincinnati, OH-KY-IN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
45204	Cincinnati	1.2 mi	$1,120
45238	Cincinnati	1.9 mi	$1,280
41016	Covington	2.1 mi	$1,300
45214	Cincinnati	2.2 mi	$1,140
45203	Cincinnati	2.3 mi	$1,200
45225	Cincinnati	2.6 mi	$1,140

Questions

What is the Fair Market Rent for ZIP code 45205?

HUD's FY2027 Small Area Fair Market Rents for 45205 are $900 (studio), $960 (1 BR), $1,230 (2 BR), $1,620 (3 BR) and $1,830 (4 BR) a month.

What is the Section 8 payment standard in 45205?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 45205 that range is $1,107 to $1,353 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 45205?

The FY2026 income limits of the Cincinnati, OH-KY-IN area apply: median family income $109,900, low-income (80%) limit $87,900 for a family of four.