Location: Preble County, 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 | $840 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $196,526 | 0.59% | F |
| 3BR | $1,500 | $269,292 | 0.56% | F |
| 4BR | $1,640 | $359,187 | 0.46% | F |
U.S. Census Bureau data (2024)
The ZIP code 45327, Germantown, OH, presents a dynamic housing market with specific characteristics that indicate a balance between supply and demand. The Fair Market Rent (FMR) for the area is set at $1040 for the fiscal year 2024, while the actual market rent, according to Census ACS data, is slightly lower at $980. This suggests that the rental market is competitive, but not overly so, as rents are below the FMR threshold.
A key indicator of market health is the price-cut share, which stands at 0.2%. This low figure implies that few properties are being discounted, indicating strong seller confidence and suggesting that demand is robust enough to support asking prices without significant concessions. However, the fact that the days on market (DOM) is listed as N/A could point to either an efficient market where homes sell quickly, or a less active market where sales are sporadic and data collection is inconsistent.
The median home value in Germantown, OH, is $266,140. This value reflects the overall stability of the housing market, where property values are steady and indicative of a middle-class residential area. It is important to note that the 17.1% renter share is relatively low, suggesting that homeownership is more prevalent than renting. This can imply several things: first, it indicates that there might be a higher level of long-term housing pressure as fewer individuals are renters, who often move more frequently. Second, it suggests that the community is stable with many long-term residents, which can be beneficial for local businesses and schools.
In summary, Germantown's ZIP 45327 is a market characterized by a slight premium in FMR over market rent, minimal price cuts, and a moderate median home value. The low renter share points towards a community that leans heavily towards homeownership, indicating a potentially stable but possibly pressured housing environment for the future. Landlords and small-portfolio investors should take note of these dynamics when considering investments in the area.
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.