Location: Cincinnati, OH | Metro: Cincinnati, OH-KY-IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,030 |
| 5 Bedrooms | $2,355 |
| 6 Bedrooms | $2,638 |
| 7 Bedrooms | $2,849 |
| 8 Bedrooms | $2,991 |
U.S. Census Bureau data (2024)
0.0% of the residents in ZIP code 45055 rely on rental housing, indicating a predominantly owner-occupied community. This statistic is crucial for landlords and small-portfolio investors looking to assess the demand for rental properties in the area. Despite the low renter share, the Fair Market Rent (FMR) for the region is set at $1240 for the fiscal year 2024, which represents the maximum amount Section 8 voucher holders can pay for housing. Given the absence of specific market rent and median home value data, it's important to consider the broader context of the local real estate market. The lack of detailed data on median income suggests that economic conditions may vary widely, making it necessary to conduct thorough due diligence before investing. With no information available on Days on Market (DOM) and the percentage of price-cut shares, it's challenging to gauge the speed of property turnover and the frequency of price adjustments in the area. However, the FMR provides a stable benchmark for rental pricing, ensuring a predictable income stream for investors. In conclusion, while the low renter share might initially seem discouraging, the fixed FMR offers a reliable anchor point for investment decisions. For Section 8 participants, the area is viable given the established FMR, but the limited data on other economic indicators necessitates further investigation.
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.