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 | $1,120 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,540 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,540 | $236,625 | 0.65% | D |
| 3BR | $2,030 | $295,006 | 0.69% | D |
| 4BR | $2,290 | $402,498 | 0.57% | F |
| 5BR | $2,656 | $758,399 | 0.35% | F |
U.S. Census Bureau data (2024)
In Deer Park, Ohio (ZIP 45236), the real estate market presents a nuanced picture that balances affordability with limited upside potential. The median home value stands at $287,187, indicating a stable price point where buyers can still find homes within their budget. This stability is further reinforced by the fact that only 0.2% of listings have been reduced in price recently, suggesting that sellers maintain confidence in the local housing market.
The 7-day median Days on Market (DOM) metric reflects quick turnover, which is a positive sign for liquidity. However, it does not necessarily imply significant pricing power in the near term. Rather, it suggests that homes are selling promptly at or close to their asking prices, which is indicative of a balanced market. Sellers should expect to maintain current prices without substantial increases due to the limited number of price reductions and the steady DOM figures.
From the rental perspective, the Federal Market Rent (FMR) for ZIP 45236 in fiscal year 2024 is set at $1,180, while the actual market rent, as measured by the Zillow Observed Rent Index (ZORI), is $1,659. This discrepancy highlights a rental market that is outperforming government estimates, providing a strong incentive for landlords and small-portfolio investors to hold onto properties for long-term rental income. The higher market rents suggest that the area has a robust demand for rental housing, which supports the viability of rental investments.
For long-hold investors, the setup in Deer Park signals a market where appreciation is likely to be modest rather than robust. Given the median home value and the current DOM trends, there is little indication of rapid price escalation. Instead, the market appears to favor steady growth, making it suitable for those seeking consistent, long-term returns through rental income rather than speculative gains.
To summarize, Deer Park's real estate market, with a median home value of $287,187 and a low rate of price reductions, points towards a stable environment. The rental market, characterized by a ZORI of $1,659 compared to an FMR of $1,180, offers a compelling case for maintaining properties for rental purposes. Long-term investors should anticipate moderate appreciation, with the primary focus being on generating rental income in a market that is unlikely to experience sharp price increases.
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.