Location: Owen County, KY | 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 | $1,040 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,090 |
| 5 Bedrooms | $2,424 |
| 6 Bedrooms | $2,715 |
| 7 Bedrooms | $2,932 |
| 8 Bedrooms | $3,079 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,880 | $217,861 | 0.86% | C |
U.S. Census Bureau data (2024)
193,637 The median home value in ZIP 41046 indicates a moderate housing market, suitable for both homeowners and investors. 11.7% The relatively low renter share suggests that the area leans more towards homeownership, which can influence rental demand. 1090 For Fiscal Year 2024, the Fair Market Rent (FMR) for Section 8 is set at $1,090, providing a benchmark for affordable rental properties. 1161 However, the Census ACS reports the market rent at $1,161, slightly above the FMR, indicating that landlords could potentially charge a premium over the subsidized rate. 63,250 The median income figure of $63,250 provides insight into the economic profile of residents, helping to gauge the affordability of housing for potential tenants. N/A-day The lack of specific data on days on market (DOM) means there's no direct measure of how quickly homes are selling, but the median home value and median income figures suggest a stable market. N/A% Similarly, the absence of information on the price-cut share doesn't provide details on how often sellers adjust their prices, though the overall stability of the housing market in 41046 is evident. 1090 In conclusion, given the FMR of $1,090 and the market rent of $1,161, landlords and small-portfolio investors should consider properties priced around the FMR for optimal Section 8 participation. 11.7% With only 11.7% of the population renting, competition for tenants might be lower, making it easier to attract and retain long-term residents. 193,637 The median home value of $193,637 supports the notion that this is an attractive area for investment, with steady appreciation potential. 63,250 The median income of $63,250 ensures a healthy economic base, reducing the risk of tenant defaults. 1090 Landlords in ZIP 41046 should aim to keep their rents close to the $1,090 FMR to maximize eligibility for Section 8 subsidies. 1161 At the same time, they can leverage the higher market rent of $1,161 to achieve better returns. 193,637 Investors looking to capitalize on the median home value of $193,637 should focus on properties that align with the FMR to ensure they are competitive in the subsidized housing market. 63,250 Given the median income of $63,250, these investments are likely to be secure, with a good chance of finding qualified tenants. 1090 The Section 8 program in ZIP 41046 is viable for landlords who can maintain rents near the $1,090 FMR.
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.