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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,380 | $194,058 | 0.71% | D |
| 3BR | $1,820 | $242,466 | 0.75% | D |
| 4BR | $2,050 | $311,954 | 0.66% | D |
| 5BR | $2,378 | $425,867 | 0.56% | F |
U.S. Census Bureau data (2024)
The ZIP code 41018, located in Erlanger, KY, is part of the larger Cincinnati, OH-KY-IN HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 41018 in fiscal year 2024 is set at $1,220. This compares closely to the broader market rent of $1,266, indicating that the rental prices are slightly below the market average but remain competitive.
The median home value in ZIP 41018 is $234,862. This figure is lower than what might be expected in a typical ZIP code within the Cincinnati, OH-KY-IN HUD Metro FMR Area, which often sees higher home values. This suggests that Erlanger could be considered a more affordable area within the larger metropolitan region.
With a renter share of 31.9%, ZIP 41018 has a higher proportion of renters compared to the overall metro area, which typically has a lower percentage of renters. This elevated renter share, combined with below-average home values, indicates that ZIP 41018 could be particularly attractive for Section 8 tenants and landlords participating in the program.
In summary, ZIP 41018 stands out as a value pocket within the Cincinnati, OH-KY-IN HUD Metro FMR Area. Its slightly below-market FMR and relatively low home values make it an appealing location for both Section 8 participants and small-portfolio investors looking for more affordable investment opportunities. The higher renter share further supports its potential as a sweet spot for those focused on the rental market within the broader metro area.
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.