Location: Cincinnati, OH | Metro: Cincinnati, OH-KY-IN HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $204,368 | 0.51% | F |
| 3BR | $1,370 | $297,800 | 0.46% | F |
| 4BR | $1,540 | $388,802 | 0.4% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 41006 does not work in favor of landlords. The Fair Market Rent (FMR) set at $1020 for fiscal year 2024 is significantly higher than the actual market rent of $760, according to Census ACS data. This discrepancy suggests that landlords may be overestimating their potential rental income, leading to financial challenges if they rely on the higher FMR figure.
Acquisition in ZIP 41006 is not particularly affordable for small-portfolio investors. With a median home value of $286,349, the cost of entry into the housing market is relatively high. Unfortunately, the data does not provide insights into the number of days on market (DOM) or the percentage of homes that have been discounted in price, which would have helped in assessing the affordability further.
Tenant demand in ZIP 41006 is moderate. The area has a total population of 4,715, with 21.0% of residents being renters. This indicates a steady but not overwhelming need for rental properties, suggesting that landlords will likely find tenants but may face competition from other property owners.
Based on these factors, ZIP 41006 presents a challenging environment for landlords and small-portfolio investors. The inflated FMR compared to market rent means that landlords cannot charge the higher rate without risking vacancy. The high median home value makes it difficult for investors to acquire properties at an affordable price, especially without knowing the typical days on market or the frequency of price cuts. Lastly, while there is tenant demand, it is not robust enough to justify the higher costs associated with acquiring and renting out properties. Therefore, investors should approach this ZIP code with caution and consider areas with more favorable conditions for investment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.