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 | $960 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,310 | $179,861 | 0.73% | D |
| 3BR | $1,720 | $208,507 | 0.82% | C |
| 4BR | $1,940 | $245,224 | 0.79% | D |
| 5BR | $2,250 | $263,264 | 0.85% | C |
U.S. Census Bureau data (2024)
The ZIP code 45207 in Cincinnati, OH, presents a dynamic rental market that reflects strong demand. The Fair Market Rent (FMR) for the area stands at $1,010 for the fiscal year 2024, while the Zillow Observed Rent Index (ZORI) indicates a higher market rent of $1,578. This discrepancy suggests that the actual rental prices exceed what is considered fair market value, indicating robust tenant interest and competition for available units.
The low price-cut share of 0.3% implies that landlords are generally able to maintain their asking rents without needing to reduce them to attract tenants. This statistic underscores the stability and strength of the rental market, where properties are likely to be rented at or near the initial asking price. Additionally, the median home value of $222,769 offers insight into the overall affordability and desirability of the neighborhood, making it accessible for a broad range of potential homeowners and renters.
A significant 45.7% of the residents in 45207 are renters, which points to an ongoing long-term housing pressure. High renter shares often indicate that a substantial portion of the population finds renting more attractive or necessary than owning, possibly due to factors such as employment opportunities, lifestyle preferences, or financial constraints. For landlords and small-portfolio investors, this means a consistent and sizable pool of potential tenants, reducing the risk of vacancy.
In summary, the market dynamics in ZIP 45207 suggest that demand is currently outpacing supply, evidenced by the higher-than-FMR market rents and minimal need for price reductions. The high percentage of renters also signals sustained pressure on the housing market, creating a favorable environment for those who invest in rental properties. This snapshot captures a vibrant and active rental market that is likely to continue supporting the needs of both tenants and property owners alike.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.