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 | $820 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,450 | $288,244 | 0.5% | F |
U.S. Census Bureau data (2024)
ZIP 41033, located in the Cincinnati, OH-KY-IN HUD Metro FMR Area, serves as a cash-flow anchor in a Section 8 portfolio strategy. The Family Monthly Rent (FMR) for ZIP 41033 in fiscal year 2024 is set at $1010, which is significantly higher than the market rent of $782. This spread ensures that landlords can secure steady, government-backed rental income that exceeds local market rates, providing a reliable cash flow.
The median home value in ZIP 41033 is $268,235, which is relatively stable and does not indicate strong appreciation potential. The lack of percentage growth in home prices and the absence of specific data on price-cut shares and days on market (DOM) suggest that this area is not particularly suited for appreciation plays.
ZIP 41033 also acts as a diversifier due to its 13.0% renter share and median income of $100,260. While the renter share is moderate, the higher-than-average median income implies a population that can afford to pay the FMR rates, making it a stable investment option. However, given the significant spread between the FMR and market rent, the primary role of this ZIP code in a Section 8 portfolio should be as a cash-flow anchor.
To summarize, ZIP 41033 is best utilized as a cash-flow anchor within a Section 8 portfolio strategy. Landlords can rely on the guaranteed income from the $1010 FMR, which surpasses the local market rent of $782, ensuring a consistent and predictable financial performance.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.