Location: Cincinnati, OH | Metro: Cincinnati, OH-KY-IN HUD Metro FMR Area
| 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 |
The Section 8 housing market in ZIP code 45262, located within the Cincinnati County area of Cincinnati, OH-KY-IN, presents a clear picture for investors. The Fair Market Rent (FMR) set by HUD for the fiscal year 2024 is $1150 per month. This figure represents the maximum amount that can be charged for a voucher tenant's portion of the rent. However, the current market rent for the area is not available, making it difficult to directly compare the HUD FMR to what landlords might typically charge.
Given the absence of specific market rent data, we can infer that voucher tenants will generally cashflow at the FMR rate, assuming the market does not significantly exceed this amount. For landlords to achieve positive cashflow, they must ensure their expenses, including property management, utilities, and maintenance, do not exceed the $1150 FMR. In an environment where market rents are close to or below the FMR, landlords will likely find that voucher tenants cashflow without the need for premium units. If market rents are higher, landlords may only see positive cashflow with premium units that justify the higher cost.
The median home value for the area is also not specified, which would be crucial for deriving the rent-to-price ratio. This ratio helps investors understand the relationship between rental income and home values, indicating whether buying or renting is more financially advantageous. Without this data, we cannot provide a precise rent-to-price ratio, but it is worth noting that such a ratio could influence the decision-making process for both landlords and potential homeowners.
The days-on-market (DOM) and the percentage of homes that have been discounted are not provided. These metrics are important indicators of the local real estate market health and can affect the rent-versus-buy dynamics. A high DOM and a significant share of homes being discounted suggest a buyer's market, which could impact rental demand and landlord profitability.
The strongest angle for Section 8 investors in ZIP code 45262 appears to be cashflow stability, given the predictability of the HUD FMR and the likelihood that voucher tenants will cover a consistent and reliable rent amount.
Data Sources: FMR data from HUD (2027).
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.