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 | $1,070 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,180 |
| 5 Bedrooms | $2,529 |
| 6 Bedrooms | $2,832 |
| 7 Bedrooms | $3,059 |
| 8 Bedrooms | $3,212 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,470 | $279,048 | 0.53% | F |
| 3BR | $1,930 | $375,774 | 0.51% | F |
| 4BR | $2,180 | $432,368 | 0.5% | F |
| 5BR | $2,529 | $516,621 | 0.49% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP 45152, which includes Morrow, Ohio, is set at $1,400 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, known officially as the Housing Choice Voucher Program. It's important to note that this is the payment standard, not the actual rent you would receive. The actual rent you collect will be determined by the market conditions and the tenant's income, but it cannot exceed the FMR.
To put this into perspective, the average monthly rent in ZIP 45152, according to the latest Census American Community Survey (ACS), is $1,215. This indicates that the FMR is slightly above the average market rent, providing a reasonable margin for landlords who choose to participate in the Section 8 program.
With only 10.0% of the population being renters, the demand for rental properties is relatively low compared to other areas. However, this also means that any quality rental property listed under the Section 8 program could attract interested tenants quickly, given the limited supply.
When it comes to acquiring a rental property in ZIP 45152, the median home value is around $394,039. This figure reflects the typical cost of purchasing a home in the area, which could serve as a baseline for potential investment costs. While this might seem high, remember that the Section 8 program provides a guaranteed source of income through the Housing Authority, reducing financial risk.
Before making your decision to enter the Section 8 market in ZIP 45152, ensure that the property meets all the necessary requirements for the program. This includes passing inspections for health and safety standards, as well as adhering to the terms and conditions set forth by the local Housing Authority. Once these criteria are met, the FMR of $1,400 should provide a stable and predictable income stream, especially when compared to the local average rent of $1,215.
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.