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 market in ZIP 45263, located in Ohio, is characterized by a specific snapshot that reveals key insights into its current state and potential trajectory. The Fair Market Rent (FMR) for the area stands at $1150 for the fiscal year 2024, indicating a baseline for rental costs that landlords should consider when setting their own prices.
While the exact market rent is currently unknown, the FMR provides a valuable reference point. The absence of a reported price-cut share suggests that landlords are maintaining their rents at relatively stable levels, without needing to significantly reduce prices to attract tenants. This could imply a balanced or slightly favorable market for landlords, where demand meets supply adequately.
Average Days on Market (DOM) and median home value are also not specified, which means there's limited data to determine how quickly properties are being rented or sold, or what the typical home value is. However, the lack of these metrics doesn't necessarily indicate a weak market. It simply means that there isn't enough publicly available information to make a definitive judgment on those aspects.
The unspecified percentage of renters in ZIP 45263 is critical. In areas where a high percentage of residents are renters, there is often long-term housing pressure due to the reliance on rental units. This can be indicative of a population that is less likely to purchase homes, possibly due to economic factors or other reasons. For landlords, this could mean a steady stream of potential tenants but also a need to ensure that rents remain competitive and attractive.
In summary, ZIP 45263 presents a market where the Fair Market Rent is a guiding figure for landlords, and the absence of certain data points—such as market rent, price-cut share, DOM, and median home value—does not provide a complete picture. However, the unknown renter share suggests that there might be ongoing pressure on rental housing, making it a potentially dynamic market for those interested in investing in rental properties.
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.