Location: Cincinnati, OH | Metro: Cincinnati, OH-KY-IN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,080 |
| 5 Bedrooms | $2,413 |
| 6 Bedrooms | $2,703 |
| 7 Bedrooms | $2,919 |
| 8 Bedrooms | $3,065 |
The ZIP code 45235 in Cincinnati County stands out due to limited available data on its resident demographics, rental rates, median income, and median home values. Despite these gaps, landlords and small-portfolio investors can still focus on the specifics of the voucher economics that impact this area.
The Fair Market Rent (FMR) for ZIP 45235 for fiscal year 2024 is set at $1150. This figure is crucial for understanding the economic landscape for Section 8 housing in the region. While the exact market rent is not specified, the FMR serves as a benchmark for landlords who accept Section 8 vouchers. It indicates the maximum amount the government will pay towards rent, ensuring that tenants can afford housing without shouldering excessive costs.
Landlords operating in ZIP 45235 must align their rental pricing strategies with this FMR to remain competitive and attract tenants. Setting rents above $1150 could deter potential Section 8 participants, unless they are willing to cover the difference themselves, which is unlikely given the lack of detailed income data.
The absence of comprehensive data points towards a transitional status for ZIP 45235. Without concrete figures on population, income levels, and housing values, it's challenging to assess long-term stability. However, the presence of the FMR provides a clear indicator of current government support levels, which can be leveraged to make informed decisions about rental investments.
To summarize, while ZIP 45235 lacks detailed demographic and economic data, landlords can rely on the FMR of $1150 to guide their rental strategies. The area appears to be in a state of transition, making it an opportunity for those who can adapt to changing conditions and leverage the available government support effectively.
Data Sources: FMR data from HUD (2027).
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.