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 | $1,090 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,970 |
| 4 Bedrooms | $2,230 |
| 5 Bedrooms | $2,587 |
| 6 Bedrooms | $2,897 |
| 7 Bedrooms | $3,129 |
| 8 Bedrooms | $3,285 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,500 | $207,760 | 0.72% | D |
| 3BR | $1,970 | $305,475 | 0.64% | D |
| 4BR | $2,230 | $425,358 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 41076, located in Cold Spring, KY, presents a market in motion characterized by specific dynamics that define its current state. The Fair Market Rent (FMR) for the area is set at $1260 for fiscal year 2024, while the Zillow Observed Rent Index (ZORI) indicates a slightly higher market rent of $1,428. This suggests that the rental market is somewhat robust, with actual rents exceeding the government's benchmark, indicating strong demand.
A key indicator of market health is the price-cut share, which stands at 0.2%. This low figure implies that landlords are not frequently needing to reduce their asking prices to attract tenants, suggesting a favorable balance between supply and demand. Furthermore, the days on market (DOM) for rental listings is relatively short at 21 days, reinforcing the idea that properties are quickly filled, and demand remains high.
The median home value in ZIP 41076 is $263,391, which provides insight into the overall property values and can be indicative of the local economy's strength. Given the rental dynamics and the low price-cut share, it is evident that demand is likely outpacing supply in this market, making it an attractive area for landlords and small-portfolio investors who can capitalize on the strong tenant interest.
The 24.1% renter share in the area is noteworthy. A significant portion of the population renting suggests ongoing long-term housing pressure, as a substantial number of residents cannot afford to purchase homes. This could mean sustained demand for rental properties, which benefits landlords and investors. However, it also points to a broader economic context where homeownership is challenging, potentially due to factors such as income levels, job availability, or affordability of homes.
In summary, ZIP 41076 exhibits characteristics of a market where demand for rental properties is strong and outpaces supply, evidenced by the higher market rent compared to FMR, low price-cut share, and quick turnover of rental listings. The high renter share highlights enduring pressure on the housing market, favoring those who can offer rental properties over those looking to sell homes.
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.