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 | $1,580 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,690 | $251,127 | 0.67% | D |
| 2BR | $2,160 | $383,531 | 0.56% | F |
| 3BR | $2,840 | $672,145 | 0.42% | F |
| 4BR | $3,210 | $826,332 | 0.39% | F |
U.S. Census Bureau data (2024)
The dynamics of the ZIP code 45202 in Cincinnati, OH, reveal a market in motion. With a Fair Market Rent (FMR) of $1790 for fiscal year 2024 and a market rent (ZORI) at $1,632, there's a slight premium landlords can charge over the ZORI, indicating a balanced but slightly favorable rental market.
The low price-cut share of 0.2% suggests that properties are generally listed at competitive prices without significant discounts, which implies a steady demand from tenants. The median home value stands at $395,304, reflecting a middle-class neighborhood where homeownership is accessible but not without consideration.
A standout figure is the 73.6% renter share. This high percentage of renters points to sustained long-term housing pressure, as a majority of residents are likely to continue renting rather than buying homes. Such a trend could be due to various factors including affordability, lifestyle choices, or job stability, which keep a substantial portion of the population as renters.
The absence of specific data on days on market (DOM) means we cannot definitively state whether supply outpaces demand or vice versa. However, the close alignment between FMR and ZORI, along with the minimal price-cutting, indicates that demand is keeping pace with supply, if not slightly exceeding it. Landlords and small-portfolio investors should find this environment conducive to maintaining steady occupancy rates and modest profit margins.
In summary, ZIP 45202 presents a stable yet dynamic rental market with a strong presence of renters, suggesting ongoing pressure on housing availability. Investors should focus on property maintenance and strategic pricing to capitalize on these trends.
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.