Location: Cincinnati, OH | Metro: Cincinnati, OH-KY-IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,530 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 45032 in Cincinnati, OH-KY-IN HUD Metro FMR Area reveals several key insights. The HUD Fair Market Rent (FMR) for ZIP 45032 is set at $1120 for fiscal year 2024. In contrast, the Census ACS data indicates that the market rent for the area is $790. This discrepancy means that voucher tenants will typically cashflow at the FMR level, providing a significant financial buffer for landlords and small-portfolio investors.
To further understand the investment landscape, consider the median home value in ZIP 45032, which stands at $222,361. Using this figure, we can calculate the rent-to-price ratio. Given the market rent of $790, the annual rent would be approximately $9,480, leading to a rent-to-price ratio of about 4.26%. This ratio suggests that the rental market is relatively strong compared to home values, indicating a good opportunity for income generation through rentals.
Regarding the days on market (DOM) and price-cut share, the data is currently not available. However, these metrics would be crucial in understanding the dynamics between renting and buying. If the DOM is high and the price-cut share is significant, it might suggest that buyers are less active, making the rental market even more attractive.
The strongest investor angle in ZIP 45032 is cashflow. With the HUD FMR significantly higher than the market rent, landlords can expect steady and positive cashflow from Section 8 tenants, making this area particularly appealing for those focused on generating rental income.
Data Sources: FMR data from HUD (2027). 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.