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 | $880 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,200 | $169,720 | 0.71% | D |
| 3BR | $1,580 | $208,106 | 0.76% | D |
| 4BR | $1,780 | $246,197 | 0.72% | D |
| 5BR | $2,065 | $871,106 | 0.24% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 45237 in Cincinnati, Ohio, for fiscal year 2024 is set at $1070. This figure represents the maximum amount that a landlord can receive through the Section 8 Housing Choice Voucher program for a unit in this area. It's important to note that this is not the rent you would charge your tenant; it's the reimbursement limit from the government.
In comparison, the average market rent in ZIP 45237, as indicated by the Zillow Observed Rent Index (ZORI), stands at $1,189. This suggests that the FMR is slightly below the current market rate, meaning you might need to adjust your expectations if you're planning to enter the Section 8 market in this area.
The rental share in this area is 52.3%, which indicates a strong demand for rental properties. With over half of the residents being renters, there is a significant pool of potential tenants who could benefit from Section 8 vouchers.
If you're considering purchasing a property for Section 8 rentals, the median home value in ZIP 45237 is approximately $200,452. This figure gives you an idea of the acquisition cost for a typical home in the area, helping you estimate the investment required to get started.
Before you make the final decision to accept a Section 8 voucher tenant, verify that the property meets all the necessary inspection criteria. The housing authority will inspect your property to ensure it adheres to health and safety standards. Failure to meet these requirements could result in rejection of the voucher, leading to delays and additional costs.
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.