Location: Owen County, KY | 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 | $800 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,480 | $268,792 | 0.55% | F |
U.S. Census Bureau data (2024)
The ZIP code 41086 stands out in XX County due to its unique demographic and economic characteristics. With a total population of 2,237 residents, it has a rental rate of 17.4%, which is relatively low compared to national averages. The median income in ZIP 41086 is $61,824, indicating a middle-class community. The median home value of $235,995 suggests that homeownership is a significant factor in the local economy, further underlining the importance of housing stability.
When it comes to Section 8 vouchers, the data reveals a notable discrepancy between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2024, the FMR is set at $1,130, whereas the Census ACS data indicates that the average market rent is only $899. This gap presents an opportunity for landlords and small-portfolio investors who can leverage the higher FMR to ensure a steady income stream. However, it also implies that there may be a limited pool of tenants eligible for the higher FMR, necessitating careful selection of properties and units that align with these figures.
The overall data signature of ZIP 41086 reads as stable. The low rental rate coupled with a middle-income bracket and moderate home values suggest a community where homeownership is prevalent and rental demand is relatively balanced. Landlords should focus on maintaining quality properties that can attract tenants benefiting from Section 8 vouchers, ensuring compliance with HUD standards to capitalize on the higher FMR. Small-portfolio investors looking to enter this ZIP code should be prepared to offer competitive amenities and conditions to appeal to voucher holders, while also being mindful of the potential for a more conservative rental market.
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.