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 | $1,120 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,530 |
| 3 Bedrooms | $2,010 |
| 4 Bedrooms | $2,300 |
| 5 Bedrooms | $2,668 |
| 6 Bedrooms | $2,988 |
| 7 Bedrooms | $3,227 |
| 8 Bedrooms | $3,388 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,530 | $338,671 | 0.45% | F |
| 3BR | $2,010 | $452,354 | 0.44% | F |
| 4BR | $2,300 | $649,540 | 0.35% | F |
U.S. Census Bureau data (2024)
The ZIP code 45054, located in Oregonia, OH, presents a market characterized by specific dynamics that can be inferred from the available data. The Fair Market Rent (FMR) for the area stands at $1260 for fiscal year 2024, indicating the government's benchmark for rental affordability. This figure is crucial for understanding the rental landscape, especially for those involved with Section 8 housing.
The median home value in ZIP 45054 is $463,802. While the exact market rent and days on market (DOM) are not available, the absence of these figures suggests a potential lack of recent transactional data, which could indicate either a stable market or one with limited activity. The price-cut share being unavailable further supports this inference, as it typically reflects the negotiation dynamics between buyers and sellers.
The 5.1% renter share in the area is notably low, suggesting that the majority of residents own their homes rather than renting. This characteristic points towards a market where homeownership is prevalent, potentially due to the area's stability and the preference for owning property over renting. However, a low renter share also implies long-term housing pressure might be minimal compared to areas with higher shares of renters, who often signal greater demand for affordable housing options.
The interplay between the FMR and the median home value provides insight into the affordability of housing in the area. With an FMR of $1260, potential renters have a defined threshold for what is considered affordable, while the high median home value indicates that homeownership is likely more expensive. This contrast can lead to a scenario where demand for rental properties might be higher relative to the number of available units, given the cost barrier to homeownership.
In summary, ZIP 45054 appears to be a market where homeownership is favored, but the relatively high median home value and defined FMR suggest underlying dynamics that could favor rental investments for those looking to cater to a segment of the population that finds homeownership out of reach. The low renter share indicates a stable, owner-occupied environment, but it does not preclude opportunities for rental properties, particularly those that align closely with the FMR guidelines.
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.