Section 8 Fair Market Rent (FMR) for ZIP 41072 - 2027

FY 2027 Fair Market Rent Rates

The economics of Section 8 in ZIP code 41072 (Cincinnati County, Ohio) revolve around the SAFMR (Small Area Fair Market Rent) which is specifically tailored for this region. For a two-bedroom apartment, the SAFMR for FY 2024 is set at $1170. This figure represents the maximum amount that the housing authority will reimburse a landlord for a unit under the Section 8 program.

To understand the actual payment structure, it's essential to break down the components involved. The SAFMR includes both the tenant's portion of the rent and the utility allowances. Typically, the tenant is responsible for paying approximately 30% of their adjusted income towards rent. The remainder, up to the SAFMR limit, is covered by the housing voucher. Utility allowances can vary but generally add an additional $200 to $300 per month to the total reimbursement.

Let's walk through a practical example. If a tenant has an adjusted monthly income of $1500, they would be expected to contribute 30%, or $450, towards rent. Assuming the utility allowance is $250, the housing authority would then cover the rest of the SAFMR. In this case, the total reimbursement would be:

• Tenant contribution: $450
• Utility allowance: $250
• Housing authority reimbursement: $1170 - ($450 + $250) = $470

This means the landlord receives $450 from the tenant and $470 from the housing authority, totaling $920. This is $250 less than the SAFMR of $1170, indicating a reimbursement gap of $250 for a two-bedroom unit in ZIP 41072. The gap exists because the SAFMR does not fully cover the maximum allowable rent in this specific area.

Note that the SAFMR is a cap on the total rent plus utilities that can be reimbursed. If the local market rent is higher than the SAFMR, landlords will face a reimbursement gap. Conversely, if the local market rent is lower, landlords might see a surplus. However, since the local market rent for ZIP 41072 is listed as N/A, we cannot provide a comparison to the SAFMR.

In summary, landlords in ZIP 41072 should expect a reimbursement gap of $250 when renting a two-bedroom apartment under the Section 8 program, based on the SAFMR of $1170 for FY 2024. This gap must be considered when deciding whether to participate in the program.

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.