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 | $1,070 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,180 |
| 5 Bedrooms | $2,529 |
| 6 Bedrooms | $2,832 |
| 7 Bedrooms | $3,059 |
| 8 Bedrooms | $3,212 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,470 | $170,448 | 0.86% | C |
| 3BR | $1,930 | $326,838 | 0.59% | F |
| 4BR | $2,180 | $520,723 | 0.42% | F |
| 5BR | $2,529 | $651,822 | 0.39% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 45220 in Cincinnati, OH, for fiscal year 2024 is set at $1260. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program. It's important to note that this is not the actual rent you will receive; it's the benchmark against which your rent request is evaluated.
In comparison, the local Zillow Rent Index (ZORI) for the same area is currently at $1,352. This suggests that market rents slightly exceed the Section 8 payment standard, indicating that landlords participating in the program might have to adjust their expectations on rental income.
The demand for rentals in this area is strong, with 71.0% of the population being renters. This high percentage of renters means there is a robust pool of potential tenants who would be interested in your property if it were to become part of the Section 8 program. The average household income in the area is around $337,166, which gives an indication of the economic context but does not directly impact the individual tenant's ability to pay.
Before deciding to participate in the Section 8 program with a property in ZIP 45220, ensure that your property meets all the necessary requirements for the program. This includes passing a housing quality standards (HQS) inspection and adhering to fair housing laws. These steps are crucial to avoid delays in securing a tenant and to maintain compliance with the program.
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.