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 | $1,020 |
| 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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,100 | $154,129 | 0.71% | D |
| 2BR | $1,400 | $197,784 | 0.71% | D |
| 3BR | $1,840 | $272,125 | 0.68% | D |
| 4BR | $2,080 | $367,371 | 0.57% | F |
| 5BR | $2,413 | $486,362 | 0.5% | F |
U.S. Census Bureau data (2024)
The ZIP code 45248, located in Mack North, Ohio, stands out within Hamilton County due to its unique demographic and economic characteristics. With a population of 22,576 residents, only 9.7% are renters, indicating a strong preference for homeownership. The median income of $84,510 places it above the national average, reflecting a relatively affluent community. Furthermore, the median home value of $257,216 underscores the financial stability and investment potential in this area.
Turning to the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for ZIP 45248 is set at $1270 for fiscal year 2024. This figure is notably higher than the market rent of $1,048 reported by the Census Bureau's American Community Survey. The discrepancy between the FMR and the actual market rent suggests that landlords can potentially benefit from participating in the Section 8 program, as they would receive a higher rental rate than the current market conditions.
Based on the data signature, ZIP 45248 appears to be a stable market. The high median income and median home value indicate a robust local economy and a low risk of tenant default. Additionally, the low percentage of renters and the gap between FMR and market rent suggest that the demand for affordable housing is met, and there is little pressure for rapid change in the rental market. For landlords and small-portfolio investors, this ZIP code presents an opportunity for consistent returns with minimal risk.
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.