JeffCroweCRE

Housing market/Ohio/ZIP 45231

ACS 2023 · FY2027 SAFMR

ZIP 45231 Cincinnati, Ohio

Cincinnati, OH-KY-IN HUD Metro FMR Area · Ohio. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
40,852
Households
16,993
Median HH income
$69,140
Renter share
28.4%
Median gross rent
$1,118
Vacancy
4.8%
Pop. change
+1.9%
2BR SAFMR
$1,590
SAFMR / rent
1.422×
2–49 unit stock
2,463
LIHTC proj / units
4 / 256
HUD assisted MF
6 / 338

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 45231 · OH — sent to you.

ZIP 45231 · OH

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ACS rent vs 2BR SAFMR

ZIP 45231 — Cincinnati, OH HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,118
2BR SAFMR$1,590
90% floor$1,431
110% ceiling$1,749

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 45231

  • 1-unit detached13,91278.0%
  • 1-unit attached7304.1%
  • 2–4 units7164.0%
  • 5–49 units1,7479.8%
  • 50+ units5603.1%
  • Mobile1801.0%
TypeUnitsShare
1-unit detached13,91278.0%
1-unit attached7304.1%
2 units (duplex)2131.2%
3–4 units5032.8%
5–9 units5473.1%
10–19 units9245.2%
20–49 units2761.5%
50+ units5603.1%
Mobile1801.0%

2–4 unit share 4.0% · 5–49 unit share 9.8% · combined 2–49 13.8%.

Units by bedrooms

Studio
89
1BR
1,436
2BR
3,340
3BR
8,213
4BR
4,510
5+
257

Rent burden

Rent ≥30% of income47.5%
Rent ≥50% of income26.9%
  • ACS median gross rent $1,118 (all bedrooms, occupied rentals).
  • Median contract rent $912.
  • Renters paying ≥30% of income 47.5%; ≥50% 26.9%.
  • FY2027 2BR SAFMR $1,590 (1.422× ACS median gross rent).

Population

40,852 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.9%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 4 projects, 256 units.
  • HUD project-based assisted MF: 6 properties, 338 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 497 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 45231 28.4% of occupied households are renters; vacancy is 4.8%; ACS median gross rent is $1,118; population increased +1.9% between the 2018 and 2023 ACS vintages; the housing stock includes 716 units in 2–4-unit structures and 1,747 units in 5–49-unit structures; 4 LIHTC projects totaling 256 units; FY2027 2BR SAFMR is $1,590 versus ACS median gross rent of $1,118. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Ohio research

ZIP 45231 is a Census / HUD profile for Cincinnati, OH-KY-IN, OH. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 45231 — Cincinnati, OH HUD Section 8 Payment Standards / SAFMR·Ohio ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
41001Cincinnati, OH-KY-IN HUD Metro FMR Area9.3%$1,113$1,49041005Cincinnati, OH-KY-IN HUD Metro FMR Area22.3%$1,408$1,84041006Cincinnati, OH-KY-IN HUD Metro FMR Area25.0%$705$1,04041007Cincinnati, OH-KY-IN HUD Metro FMR Area3.4%$1,024$1,30041011Cincinnati, OH-KY-IN HUD Metro FMR Area53.6%$1,011$1,53041012Cincinnati, OH-KY-IN HUD Metro FMR Area——$1,38041014Cincinnati, OH-KY-IN HUD Metro FMR Area47.8%$979$1,29041015Cincinnati, OH-KY-IN HUD Metro FMR Area27.8%$857$1,32041016Cincinnati, OH-KY-IN HUD Metro FMR Area29.4%$1,034$1,30041017Cincinnati, OH-KY-IN HUD Metro FMR Area21.8%$985$1,32041018Cincinnati, OH-KY-IN HUD Metro FMR Area34.4%$1,044$1,38041022Cincinnati, OH-KY-IN HUD Metro FMR Area——$1,680

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Ohio research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 45231?

ZIP 45231 (Cincinnati, OH-KY-IN HUD Metro FMR Area) has 40,852 residents, 16,993 households, a renter share of 28.4%, median household income of $69,140, and ACS 2023 median gross rent of $1,118. Vacancy is 4.8%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 45231?

ACS counts 213 units in 2-unit buildings, 503 in 3–4 unit buildings, 547 in 5–9, 924 in 10–19, and 276 in 20–49. Combined 2–49 unit stock is 2,463 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 45231?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,590. See the full schedule and 90–110% payment-standard band on the ZIP 45231 — Cincinnati, OH HUD Section 8 Payment Standards / SAFMR.

Does this Ohio ZIP profile include Georgia listings?

No. ZIP 45231 is Census / HUD research for Cincinnati, OH-KY-IN HUD Metro FMR Area. Jeff Crowe CRE does not list Ohio property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.