Location: Cincinnati, OH | Metro: Cincinnati, OH-KY-IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,580 |
| 1 Bedroom | $1,690 |
| 2 Bedrooms | $2,160 |
| 3 Bedrooms | $2,840 |
| 4 Bedrooms | $3,210 |
| 5 Bedrooms | $3,724 |
| 6 Bedrooms | $4,171 |
| 7 Bedrooms | $4,505 |
| 8 Bedrooms | $4,730 |
U.S. Census Bureau data (2024)
The investment risk assessment for ZIP 45111 in relation to Section 8 housing reveals several potential challenges that landlords must consider. Tenant turnover is likely to be higher due to the discrepancy between the market rent of $1,750 and the Fair Market Rent (FMR) of $1,660 for FY 2024. This difference can lead to financial strain if landlords rely on Section 8 tenants who are only eligible for the lower FMR.
Vacancy exposure is another concern, as the Days on Market (DOM) data is currently unavailable. This lack of information makes it difficult to predict how quickly a property might fill when vacant, potentially leading to extended periods without rental income.
The deferred-maintenance exposure is significant, given the typical home value of $269,432 and the median income of $100,893. Landlords may face substantial costs to maintain properties up to standards required by the Section 8 program, which can be particularly challenging if the income generated by the property does not cover these expenses.
However, these risks are somewhat mitigated by the high renter share of 17.1%. High renter density generally indicates a higher demand for housing vouchers, which can stabilize occupancy rates and provide a steady stream of tenants. The concentration of renters also suggests that there is a robust market for affordable housing, making it easier to find and retain tenants who qualify for Section 8 assistance.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.