Location: Preble County, 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 | $1,010 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,380 | $213,309 | 0.65% | D |
| 3BR | $1,820 | $328,465 | 0.55% | F |
| 4BR | $2,050 | $402,841 | 0.51% | F |
| 5BR | $2,378 | $500,957 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 45056, located in Oxford, OH, sits within the broader context of Preble County, OH. When analyzing the Fair Market Rent (FMR) of $1,150 for ZIP 45056 in fiscal year 2024, it becomes evident that this figure is notably lower than the market rent of $1,640. This suggests that 45056 could be considered a value pocket within its metro, offering rental properties at a price point that is significantly below the market average.
Average home values in ZIP 45056 stand at $336,000, which is also likely to be below the county-wide average, indicating that property owners might find the area attractive for its relatively affordable housing costs compared to other parts of Preble County. The 52.2% renter share in 45056 is a key indicator of the potential demand for rental properties, suggesting a substantial portion of the population relies on renting rather than owning homes.
The significant disparity between the FMR and the market rent, combined with the high renter share, points to an environment where there is a strong presence of renters who may qualify for Section 8 assistance. This makes ZIP 45056 a particularly favorable location for landlords and small-portfolio investors seeking to participate in the Section 8 program due to the alignment of the local FMR with the needs of eligible tenants.
In summary, ZIP 45056 appears to be a value pocket within its metro, characterized by below-average home values and a fair market rent that is substantially less than the market rent. The high renter share further supports the attractiveness of this ZIP for those interested in Section 8 properties, as it indicates a robust tenant pool.
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.