Location: Cincinnati, OH | Metro: Cincinnati, OH-KY-IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,250 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $2,110 |
| 4 Bedrooms | $2,380 |
| 5 Bedrooms | $2,761 |
| 6 Bedrooms | $3,092 |
| 7 Bedrooms | $3,339 |
| 8 Bedrooms | $3,506 |
U.S. Census Bureau data (2024)
Newport, KY, located in ZIP code 41071, stands out within Campbell County due to its unique demographic and economic profile. With a population of 19,680, Newport has a significant rental market, with 47.3% of its residents leasing their homes. The median household income here is $59,976, while the median home value is notably higher at $229,914.
The voucher economics in ZIP 41071 present a compelling opportunity for landlords. The Fair Market Rent (FMR) for the area, set at $1,100 for fiscal year 2024, is considerably lower than the Zillow Observed Rent Index (ZORI), which is currently at $1,520. This discrepancy indicates that landlords can potentially secure tenants through the Section 8 program without significantly compromising their rental income expectations.
Newport's data signature suggests a stable environment. Despite a substantial portion of the population renting, the median income is relatively strong, supporting a robust local economy. Additionally, the high median home value points to an investment-friendly market where property values are likely to remain steady or increase over time. Landlords and small-portfolio investors should take note of these factors when considering investments in ZIP 41071.
Data Sources: FMR data from HUD (2027). 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.