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 | $1,580 |
| 1 Bedroom | $1,690 |
| 2 Bedrooms | $2,160 |
| 3 Bedrooms | $2,840 |
| 4 Bedrooms | $3,210 |
| 5 Bedrooms | $3,724 |
| 6 Bedrooms | $4,171 |
| 7 Bedrooms | $4,505 |
| 8 Bedrooms | $4,730 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,160 | $348,643 | 0.62% | D |
| 3BR | $2,840 | $486,771 | 0.58% | F |
| 4BR | $3,210 | $892,027 | 0.36% | F |
| 5BR | $3,724 | $1,915,561 | 0.19% | F |
U.S. Census Bureau data (2024)
The dynamics of the Madeira, OH (ZIP 45243) real estate market suggest a scenario where demand is closely aligned with supply, but leans slightly towards favoring landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area stands at $1790 for the fiscal year 2024, while the actual market rent reported by the Census ACS is slightly higher at $1,828. This indicates that rents are not being significantly undercut, which is a positive sign for maintaining rental income.
The 0.2% price-cut share reveals that very few properties are being discounted, implying that the majority of listings are selling at their asking price. Coupled with a low Days on Market (DOM) of just 5 days, it becomes evident that homes in this ZIP code are moving quickly once they're listed. This quick turnover rate is indicative of strong buyer interest, suggesting that demand is robust relative to supply.
The median home value of $738,459 places Madeira in a high-value bracket, attracting buyers who can afford premium pricing. This also supports the notion that demand is healthy, as potential homeowners are willing to pay close to the full price without significant delays.
An 8.3% renter share might seem modest, but it underscores a key point about long-term housing pressure. In a market where a smaller percentage of residents are renters, there is an underlying trend of homeownership, which can contribute to steady property values. However, the presence of any renters signals ongoing demand for rental properties, even if the overall share is not large. This balance can be beneficial for landlords, as it suggests a stable rental market without the extreme pressure seen in areas with much higher renter populations.
In summary, the market in ZIP 45243 is characterized by a slight edge in favor of demand over supply, evidenced by quick sales and minimal price reductions. The modest renter population implies a balanced approach between owning and renting, which can help maintain stable rental rates and property values. For landlords and small-portfolio investors, this translates into a favorable environment for generating consistent rental income and capital appreciation.
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.