Location: Preble County, OH | Metro: Cincinnati, OH-KY-IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,500 |
| 3 Bedrooms | $1,990 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
U.S. Census Bureau data (2024)
The median income in ZIP code 45070 stands at $50,417, which provides a foundational understanding of the financial capabilities of households in this area. The market rate for rent, according to Census ACS data, is $1,417 per month. This figure represents a significant portion of the average household's income, indicating a tight budget for renters.
In comparison, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,380, which is slightly below the market rate but still a substantial expense for the typical household. This suggests that while market rents are higher, the government's voucher payment standards are close to the actual costs, providing a reasonable subsidy for eligible tenants.
With only 13.6% of the 142 residents being renters, the competition among landlords is likely to be fierce. The limited number of renters means that landlords must carefully consider their rental offerings and pricing strategies to attract and retain tenants. The affordability gap between median income and rent rates highlights the importance of being competitive in terms of both price and property quality.
For landlords considering voucher versus cash-pay strategies, the key takeaway is that voucher recipients can offer a stable and predictable source of income, especially given the closeness of the FMR to the market rate. However, landlords should also be prepared to cater to the needs of a smaller pool of potential cash-paying tenants who might have different requirements and expectations.
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.