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 | $760 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $180,097 | 0.58% | F |
| 3BR | $1,370 | $235,687 | 0.58% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP 41095, Patriot, IN, presents a unique scenario for both landlords and small-portfolio investors. With a median home value of $196,767, the area stands out as an affordable option within the broader Indiana housing market. The fact that the percentage of listings reduced is not available suggests that there might be stability in asking prices, indicating that sellers are not feeling pressured to lower their prices due to a lack of interest. This stability could imply a balanced market where neither buyers nor sellers hold significant leverage.
The median days on market (DOM) being listed as N/A further complicates the picture, but it aligns with the notion of a stable market. Typically, a higher DOM indicates a slower market where homes take longer to sell, whereas a lower DOM suggests a quicker turnover and potentially more competitive bidding. Without specific DOM data, it's prudent to assume that the market is neither overheated nor sluggish, which supports a moderate outlook for pricing power over the next 12-24 months.
On the rental side, the Fair Market Rent (FMR) for ZIP 41095 in fiscal year 2024 is projected at $990, while the current market rent, according to the Census American Community Survey, stands at $771. This gap suggests that there is room for rent increases to align with the FMR, benefiting landlords who can adjust their rents accordingly. However, it also highlights the importance of maintaining competitive pricing to attract tenants, especially given the relatively low median home value.
For long-term investors, the setup in ZIP 41095 leans towards a cautious appreciation thesis. While the area remains attractive due to its affordability and potential rental income growth, the lack of specific trends in listing reductions and DOM points to a steady but modest appreciation rate. Long-hold investors should focus on the intrinsic value of properties and the potential for rental income growth rather than speculative gains.
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.