Location: Grant 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 | $970 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,330 | $242,152 | 0.55% | F |
| 3BR | $1,750 | $315,036 | 0.56% | F |
| 4BR | $1,970 | $543,737 | 0.36% | F |
U.S. Census Bureau data (2024)
The real estate market in Verona, KY (ZIP 41092) is poised for stability over the next 12-24 months, with median home values currently at $325,483. This figure suggests that homeowners have a strong base of equity, which can influence their willingness to reduce prices during sluggish periods. The fact that the percentage of listings reduced is not available indicates a market where sellers are holding firm on their asking prices, a sign of confidence in the local economy and housing demand.
The median days on market (DOM) being unavailable points to a potentially low inventory situation or a rapidly selling market. In either case, it implies that homes are moving quickly once listed, which supports the idea of stable to slightly rising home values. Landlords and small-portfolio investors should expect to maintain or slightly increase property values as the market continues to favor sellers.
On the rental side, the Fair Market Rent (FMR) for ZIP 41092 in fiscal year 2024 is set at $1,130, compared to the current market rate of $956 based on Census ACS data. This gap signals an opportunity for rental income growth, as the FMR typically serves as a benchmark for rental rates in subsidized housing programs. As market conditions align with FMR targets, landlords can anticipate gradual increases in rent, enhancing cash flow for properties held over the long term.
For long-hold investors, the setup in Verona, KY suggests a realistic appreciation thesis. The combination of stable home values and potential rental rate increases indicates a favorable environment for property appreciation. However, the absence of specific data on historical appreciation rates means that while positive trends are evident, precise future growth cannot be guaranteed. Investors should focus on maintaining properties to ensure they keep pace with market standards and continue to attract tenants willing to pay closer to FMR levels.
Landlords and small-portfolio investors should consider the broader economic context of Verona, KY when making investment decisions. A balanced approach to pricing and maintenance will likely yield steady returns without the risk of speculative bubbles. The current equilibrium between home values and rental rates provides a solid foundation for continued investment in the area.
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.