Location: Cincinnati, OH | Metro: Cincinnati, OH-KY-IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 45112, located within the Cincinnati, OH-KY-IN HUD Metro FMR Area, presents a unique investment opportunity for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $990 per month for the fiscal year 2024. This figure represents the maximum amount that voucher holders can pay towards their monthly rent.
Despite the HUD FMR being established, the current market rent for the area is not available, which makes direct comparisons challenging. However, given the FMR, landlords should expect that voucher tenants will cashflow at this rate, assuming the market rent does not significantly exceed it. In areas where market rents are higher than the FMR, landlords might find that voucher tenants only cashflow marginally or not at all without premium units that can command higher rents.
The median home value in ZIP 45112 is also not available, but this data point would be crucial for deriving the rent-to-price ratio. This ratio helps investors understand the relationship between rental income and property values, indicating whether renting or buying is more advantageous. Without the median home value, it's difficult to provide a precise rent-to-price ratio, but typically, a lower ratio suggests that renting is more financially beneficial than owning a home.
The median days on market (DOM) and the percentage of price cuts are not specified, but these metrics are important for understanding the dynamics of the local real estate market. A low DOM indicates a strong seller's market where properties sell quickly, while a high percentage of price cuts might suggest a buyer's market with slower sales.
The strongest investor angle in ZIP 45112 appears to be stability. With the HUD FMR providing a consistent income stream, landlords can expect predictable cash flows from voucher tenants. This predictability is especially valuable in an uncertain economic environment, making Section 8 investments a reliable choice for those seeking stable returns.
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.