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 | $1,120 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $222,108 | 0.69% | D |
| 3BR | $2,030 | $296,020 | 0.69% | D |
| 4BR | $2,290 | $339,436 | 0.67% | D |
U.S. Census Bureau data (2024)
The ZIP code 41073, located in Bellevue, KY, presents a dynamic housing market that is currently favoring demand over supply. This inference is drawn from several key indicators provided by the latest data.
The Fair Market Rent (FMR) for the area stands at $1080 for fiscal year 2024, which is significantly lower than the market rent indicated by Zillow's ZORI index at $1,594. This disparity suggests that there is a strong preference among tenants for rental properties, likely due to the relatively higher cost of homeownership compared to renting. The median home value of $245,996 supports this notion, as it may be considered a barrier for entry into the ownership market, thereby increasing the attractiveness of rentals.
A further indication of tenant demand is the low price-cut share of 0.2%. This figure implies that landlords are not frequently having to reduce their asking rents to attract tenants, suggesting that rental properties are generally being filled without significant negotiation on price. While the days on market (DOM) for listings is not available, the low price-cut share can be interpreted as a sign of steady demand for rental units, which helps maintain rental prices at competitive levels.
The 29.9% renter share in ZIP 41073 points to an ongoing trend where a substantial portion of the population prefers or requires renting over owning. This high percentage of renters indicates potential long-term housing pressure, as a large number of residents are likely to continue seeking rental accommodations. Over time, this could lead to increased competition among landlords to offer attractive rental options, possibly influencing the quality and amenities of rental properties.
In summary, ZIP 41073 appears to be a market where demand for rental properties is robust, supported by a gap between the FMR and market rent, a low price-cut share, and a notable renter share. These factors suggest a favorable environment for landlords and small-portfolio investors who focus on the rental sector.
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.