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 | $740 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,340 | $324,370 | 0.41% | F |
U.S. Census Bureau data (2024)
The analysis of the Section 8 thesis in ZIP 41059 reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2024, the FMR for a two-bedroom apartment in this ZIP code is $990. In contrast, the market rent, according to Census ACS data, is $684. This creates a gap of $306, which translates into a 44.7% difference.
Given that the FMR exceeds the market rent, it makes ZIP 41059 a compelling yield play for landlords. Specifically, voucher tenants can pay above the open-market rate, providing a higher return on investment. This scenario benefits small-portfolio investors who seek to maximize their rental income without setting rates that exceed the local market.
The context of ZIP 41059 is essential for understanding the potential of this investment strategy. With 18.7% of residents being renters, the demand for affordable housing is evident. The median home value of $306,714 suggests a stable real estate market, while the median income of $58,553 aligns with the need for subsidized housing options.
In summary, the gap between FMR and market rent in ZIP 41059 presents a unique opportunity for landlords and small-portfolio investors to leverage Section 8 vouchers for better yields. The data supports a strategic approach to maximizing returns while still offering competitive rental prices.
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.