Location: Cincinnati, OH | Metro: Cincinnati, OH-KY-IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,070 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,180 |
| 5 Bedrooms | $2,529 |
| 6 Bedrooms | $2,832 |
| 7 Bedrooms | $3,059 |
| 8 Bedrooms | $3,212 |
To classify ZIP code 45012 in Unknown, Ohio, we need to analyze the available data points on yield and stability.
The Fair Market Rent (FMR) for ZIP 45012 in fiscal year 2024 is set at $1240. This figure represents the average rent for a standard-quality rental unit in the area, which can be used as a benchmark for setting rental prices. However, the lack of specific market rent and home value data means we cannot directly compare these against the FMR to determine if there is an above-average yield potential. Typically, a higher FMR compared to local market rents indicates a strong demand for rental properties, which can translate into higher yields.
Moving on to stability, we face a limitation due to the absence of key metrics such as the percentage of renters, days on market (DOM), and median income levels. These figures would help us understand how consistent the rental market is and the financial health of the residents. Without this data, it's challenging to make a definitive statement about the stability of the market in ZIP 45012.
Given the information at hand, ZIP 45012 appears to be a moderate opportunity for both yield and stability. The $1240 FMR suggests that rental income could be relatively predictable, assuming the local market follows the federal guidelines closely. However, the lack of comparative data on market rents and home values means we cannot fully assess the yield potential. Similarly, without knowing the percentage of renters or the typical DOM, we cannot gauge the level of stability in the market.
In conclusion, ZIP 45012 is neither clearly identified as a high-yield/low-stability flip-style market nor as a steady-cashflow zone. It falls somewhere in between, with some promise for rental income but requiring additional research to confirm its stability and true yield potential. Landlords and small-portfolio investors should proceed with caution and seek out more detailed local market reports before making investment decisions.
Data Sources: FMR data from HUD (2027).
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.