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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,310 | $228,706 | 0.57% | F |
| 3BR | $1,720 | $318,199 | 0.54% | F |
| 4BR | $1,940 | $377,478 | 0.51% | F |
| 5BR | $2,250 | $537,677 | 0.42% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 45213 in Cincinnati, OH, hinges on the balance between yield and stability. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,020, which is notably lower than the market rent of $1,519. This difference suggests a potential for higher rental yields if properties can be leased at market rates.
The median home value in the area stands at $299,003. With a median household income of $76,356, the financial capacity of residents to afford higher rents is limited but present. The 40.7% rate of renters indicates a moderate demand for rental properties, neither overwhelmingly high nor low.
The absence of day DOM (days on market) data complicates a precise assessment of property turnover speed. However, given the disparity between FMR and market rent, it's reasonable to infer that there might be quicker turnover for properties priced closer to the market rate, though this cannot be confirmed without DOM data.
Based on these figures, ZIP 45213 leans towards being a high-yield market with moderate stability. The key driver is the significant gap between the FMR and the market rent, which allows for potentially lucrative rental yields. Stability is maintained by the substantial median home value and median income levels, indicating a resident base capable of sustaining rental payments.
To further clarify:
This analysis points to a scenario where quick flips might be less advantageous due to the lack of rapid turnover data, but long-term investments aimed at capturing higher market rents could be profitable. Landlords and small-portfolio investors should consider pricing their rentals closer to the market rate to maximize yield, while keeping an eye on the local economic indicators to ensure sustained stability.
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.