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 | $860 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $179,590 | 0.66% | D |
| 3BR | $1,550 | $312,356 | 0.5% | F |
| 4BR | $1,750 | $367,901 | 0.48% | F |
U.S. Census Bureau data (2024)
The ZIP code 45157, located in New Richmond, OH, presents an interesting balance between yield and stability for real estate investors. The Fair Market Rent (FMR) for 2024 is set at $1010, while the average market rent stands at $941. This indicates a relatively strong rental market, with the potential to achieve higher rents through Section 8 properties. The median home value of $307,091 suggests that the area is moderately priced, making it accessible for investors looking to enter without a significant capital outlay.
On the stability axis, the data reveals a less robust picture. Only 17.4% of the population are renters, which could indicate a lower demand for rental properties. Additionally, the lack of data on the number of days on market (DOM) makes it challenging to assess how quickly properties might be leased. However, the median household income of $100,407 provides some reassurance regarding the financial health of residents, which is crucial for maintaining consistent rental payments.
Given these metrics, ZIP 45157 does not fit neatly into either a high-yield/low-stability 'flip-style' market or a steady-cashflow zone. Instead, it occupies a middle ground. The higher FMR compared to the market rent points towards potential for decent yields, particularly if targeting Section 8 tenants. Yet, the low percentage of renters and the absence of DOM data suggest a market that may not offer the same level of stability seen in areas with higher rental populations and faster leasing times. Investors should consider these factors carefully when deciding whether to pursue opportunities in this ZIP code.
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.