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 | $1,420 |
| 1 Bedroom | $1,530 |
| 2 Bedrooms | $1,950 |
| 3 Bedrooms | $2,570 |
| 4 Bedrooms | $2,900 |
| 5 Bedrooms | $3,364 |
| 6 Bedrooms | $3,768 |
| 7 Bedrooms | $4,069 |
| 8 Bedrooms | $4,272 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,950 | $238,212 | 0.82% | C |
| 3BR | $2,570 | $332,288 | 0.77% | D |
| 4BR | $2,900 | $420,203 | 0.69% | D |
| 5BR | $3,364 | $494,818 | 0.68% | D |
U.S. Census Bureau data (2024)
The potential pitfalls of investing in ZIP 45050 under the Section 8 program are significant. Tenant turnover poses a substantial risk, especially considering the gap between the market rent of $2,375 and the Fair Market Rent (FMR) of $1,630 for FY 2024. This disparity suggests that tenants might struggle to afford market rates, leading to higher turnover and instability in cash flow. Vacancy exposure is another concern, as the Days on Market (DOM) data is currently unavailable, making it difficult to predict how long properties might remain vacant. Additionally, the deferred maintenance exposure is notable given the typical home value of $351,634 and the median income of $104,282. Landlords should be prepared to invest in property upkeep to maintain compliance with housing standards.
However, these risks must be weighed against the high density of renters in the area, which stands at 21.0%. A higher renter share often translates into greater demand for rental properties, including those accepting Section 8 vouchers. This increased demand can mitigate some of the financial risks associated with vacancy and tenant turnover.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.