Location: Cincinnati, 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 | $1,090 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,390 | $238,832 | 0.58% | F |
| 3BR | $1,830 | $308,299 | 0.59% | F |
| 4BR | $2,060 | $458,741 | 0.45% | F |
| 5BR | $2,390 | $567,801 | 0.42% | F |
U.S. Census Bureau data (2024)
12-day days on market indicate that properties in ZIP 45150, Milford, OH, are moving quickly. This efficiency suggests a robust local real estate market. With a $336,956 median home value, homeowners can expect stability and potential appreciation. The $1,468 ZORI (Zillow Observed Rent Index) reflects the competitive rental market, where landlords can achieve reasonable returns. However, the $1160 Fair Market Rent (FMR) for Section 8 indicates a significant gap between subsidized rents and market rates. Given a 25.8% renter share, there is a notable portion of the population relying on rental housing, including those eligible for Section 8 assistance. Landlords must consider the $93,595 median income when setting rental prices, ensuring they remain attractive to tenants while covering costs. The 0.2% price-cut share further supports the idea that property values are holding steady, without the need for significant reductions. For small-portfolio investors, the quick turnover and minimal price adjustments are positive indicators. Yet, the disparity between the FMR and market rent highlights challenges for Section 8 participants. In conclusion, the current environment in ZIP 45150 does not favor Section 8 as a primary rental strategy due to the substantial difference between FMR and market rates.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.