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 | $1,280 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,600 |
| 5 Bedrooms | $3,016 |
| 6 Bedrooms | $3,378 |
| 7 Bedrooms | $3,648 |
| 8 Bedrooms | $3,830 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,750 | $160,017 | 1.09% | B |
| 3BR | $2,300 | $211,596 | 1.09% | B |
| 4BR | $2,600 | $315,440 | 0.82% | C |
| 5BR | $3,016 | $361,536 | 0.83% | C |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 45251, located in Cincinnati, OH, reveals several key points. The HUD Fair Market Rent (FMR) for the area is set at $1410 for the fiscal year 2024. This figure is slightly above the Zillow Observed Rent Index (ZORI), which stands at $1,392. Voucher tenants will therefore cashflow at the FMR, providing a small but positive margin for landlords.
To further understand the investment potential, consider the median home value in the area, which is $221,548. Using the ZORI figure, the annual rent can be calculated as $16,704, leading to a rent-to-price ratio of approximately 7.5%. This ratio indicates that rental income represents a significant portion of the property's value, making it an attractive option for investors looking for steady returns through rentals.
The dynamics between renting and buying also play a role in the market. With a median Days on Market (DOM) of 23 days and a price-cut share of 0.3%, it suggests that the housing market is relatively stable and efficient. Properties are sold quickly without substantial price reductions, indicating strong demand and minimal inventory buildup. However, these metrics are more indicative of the sales market rather than the rental market, where the primary focus for Section 8 investors should remain on the positive cashflow potential.
The strongest investor angle in ZIP 45251 is cashflow, given the slight premium of the HUD FMR over the market rent, coupled with the robust rent-to-price ratio. This makes the area particularly suitable for investors seeking consistent rental income.
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.