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 | $760 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,040 | $152,247 | 0.68% | D |
| 3BR | $1,370 | $177,782 | 0.77% | D |
U.S. Census Bureau data (2024)
78.7% of residents in ZIP 45232, Cincinnati, OH, are renters, making it a prime location for rental investments. The $175,038 median home value reflects a stable housing market, but the $28,367 median income indicates that many residents rely on assistance programs. The $990 Fair Market Rent (FMR) for Section 8 in ZIP 45232 for fiscal year 2024 is notably higher than the $616 average market rent reported by the Census ACS, suggesting a favorable opportunity for landlords who can participate in the program. This gap between the Section 8 FMR and the market rent means that properties rented through Section 8 can command a premium over typical market rates. Although the specific day DOM (days on market) and percentage of price-cut share are not available, the disparity between the median income and the median home value underscores the necessity for affordable housing options, which Section 8 provides. Landlords who can navigate the requirements of the Section 8 program will find themselves in a position to benefit from both the high demand for rentals and the guaranteed income from government subsidies. Given these figures, the verdict on Section 8 participation in ZIP 45232 is positive, offering a reliable source of rental income in a market where affordability is a key concern.
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.