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 | $880 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,590 | $311,008 | 0.51% | F |
| 4BR | $1,800 | $435,986 | 0.41% | F |
U.S. Census Bureau data (2024)
The median income in ZIP 41063 stands at $80,469, which places it just below the market rate for rent at $817 per month according to the latest Census ACS data. This suggests that a significant portion of potential tenants might struggle to cover their monthly rental expenses without financial strain. When comparing the market rate to the Fair Market Rent (FMR) standard of $1,210 set for voucher payments in the fiscal year 2024, the disparity becomes even more pronounced.
The FMR is notably higher than the current market rate, indicating that tenants with vouchers could potentially afford more expensive housing options. Given the relatively low percentage of renters—only 8.6% of the total population of 2,863—the competition among landlords for these tenants is likely to be fierce. Landlords should consider the broader implications of this affordability gap when strategizing their rental offerings.
The takeaway for landlords considering whether to accept vouchers or focus on cash-paying tenants is clear: while the voucher standard offers a higher payment threshold, the limited pool of renters means competition will be high. Cash-paying tenants might be harder to find due to the tight budget constraints, but they provide a consistent, predictable income stream. Landlords must weigh the benefits of accepting vouchers against the potential challenges of attracting and retaining tenants who can pay the market rate without assistance.
To summarize, the median income of $80,469 in ZIP 41063 barely covers the $817 market rate for rent, making it difficult for many households to afford living here. The FMR of $1,210 for voucher payments is significantly higher, which could attract tenants with vouchers looking for better housing options. However, with only 8.6% of the 2,863 population being renters, landlords face stiff competition for both types of tenants. Accepting vouchers can secure a higher rent payment but comes with administrative requirements; focusing on cash-paying tenants ensures a steady flow of income but requires careful consideration of the local economic conditions.
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.