Location: Cincinnati, OH | Metro: Cincinnati, OH-KY-IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
The HUD Fair Market Rent (FMR) for ZIP code 41012 in Cincinnati, OH-KY-IN HUD Metro FMR Area for fiscal year 2024 is set at $1140. This figure represents the maximum amount that landlords can charge tenants participating in the Section 8 housing choice voucher program. However, without specific data on the current market rents for this area, it's challenging to provide a precise comparison. Assuming the market rents are higher than the HUD FMR, voucher tenants would likely only cashflow with premium units or face marginal cashflow scenarios where they might break even or incur slight losses.
To derive the rent-to-price ratio, we would need the median home value for ZIP code 41012. Given that this information is currently unavailable, we cannot accurately calculate the ratio. This metric is crucial for understanding the relationship between rental income and property values, which can influence investment decisions. If the median home value were significantly higher than the HUD FMR, it could indicate a strong buy-to-rent market, but without these figures, such conclusions remain speculative.
The days on market (DOM) and the percentage of price cuts are also important indicators for the rental versus buying dynamics. These statistics help investors gauge how quickly properties sell and whether there's a need to reduce asking prices to attract buyers. In ZIP code 41012, the median DOM and price cut percentages are not available, making it difficult to assess the speed and ease of property turnover in this area.
The strongest investor angle in ZIP code 41012 appears to be stability. With a fixed HUD FMR, landlords can rely on consistent rental income from voucher tenants, providing a predictable cash flow. Stability is particularly valuable in a volatile market, ensuring steady returns on investment without the risks associated with rapid appreciation or depreciation.
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.