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 | $880 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,590 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $950 | $132,459 | 0.72% | D |
| 2BR | $1,210 | $161,056 | 0.75% | D |
| 3BR | $1,590 | $211,849 | 0.75% | D |
| 4BR | $1,800 | $253,130 | 0.71% | D |
| 5BR | $2,088 | $275,122 | 0.76% | D |
U.S. Census Bureau data (2024)
The ZIP code 45211 in Cincinnati, OH, presents a dynamic rental market with specific characteristics that indicate a balance between supply and demand. The Fair Market Rent (FMR) for the area is set at $1030 for fiscal year 2024, while the actual market rent, as measured by Zillow's ZORI, stands slightly higher at $1,159. This suggests that the market is slightly above fair market levels, indicating strong demand.
A key indicator of market health is the price-cut share, which is currently at 0.3%. This low percentage implies that few properties are being discounted, a sign that landlords are generally able to secure tenants at their listed prices without needing to lower them. Additionally, the days on market (DOM) figure of 16 days indicates swift transactions, suggesting that homes are quickly rented out once they come onto the market. These factors together point to a market where demand is keeping up with supply, if not slightly exceeding it.
The median home value in the area is $196,722, which provides context for the affordability and desirability of the neighborhood. With a renter share of 47.5%, the market reflects a significant portion of residents who prefer or require rental housing over homeownership. This high proportion of renters can exert long-term housing pressure, as it signals sustained interest in rental properties over purchasing homes. For landlords and small-portfolio investors, this means there is a consistent demand for rental units, making the area a stable investment opportunity.
In summary, the current snapshot of ZIP 45211 reveals a rental market where demand is robust and closely matched to supply. The slight premium of market rent over FMR, combined with low price-cut shares and quick turnover times, suggests a healthy environment for rental property investments. The substantial renter share further supports the idea that the area will continue to attract those seeking rental options, ensuring steady occupancy rates and rental income for property owners.
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.