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 | $960 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,030 | $125,547 | 0.82% | C |
| 2BR | $1,320 | $176,464 | 0.75% | D |
| 3BR | $1,740 | $239,776 | 0.73% | D |
| 4BR | $1,960 | $407,475 | 0.48% | F |
| 5BR | $2,274 | $474,008 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 41015, located in Taylor Mill, KY, has a population of 20,823 residents. With 25.6% of the population being renters, it indicates a moderate renter presence but not necessarily a heavy one. The median household income in this area stands at $65,683, which provides a benchmark for understanding the financial capacity of potential tenants.
The typical market rent in Taylor Mill, KY is $934 per month. This represents approximately 14.2% of the median household income when calculated annually. Given that the Fair Market Rent (FMR) for the area is set at $1030 for FY 2024, the current market rent is slightly below this threshold, suggesting that rents are reasonably priced compared to the FMR.
To further analyze the demand for housing vouchers, it's important to note that the FMR is used to determine the amount of rental assistance available to low-income families through the Section 8 program. In Taylor Mill, the gap between the FMR and the actual market rent is about $96 per month. This difference could attract voucher holders looking for affordable housing options, making the ZIP code a viable location for landlords willing to accept Section 8 tenants.
A landlord in ZIP 41015 should expect a tenant profile that includes individuals and families who rely on rental assistance due to lower incomes relative to the median. These tenants will likely be seeking units that fall within the voucher limits, making properties priced around $934 per month attractive. Additionally, the landlord might encounter a mix of tenants who can afford market rates without assistance, given the median income level.
In conclusion, while Taylor Mill is not dominated by renters, there is a significant enough portion of the population that relies on rental assistance, making it a suitable area for landlords interested in Section 8 tenants. The relatively low market rent compared to the FMR suggests a reasonable opportunity for those tenants to find housing within their budget constraints.
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.