Location: Fayette County, OH | Metro: Dayton-Kettering-Beavercreek, OH MSA
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 | $770 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $145,525 | 0.7% | D |
| 3BR | $1,310 | $212,802 | 0.62% | D |
| 4BR | $1,460 | $303,197 | 0.48% | F |
U.S. Census Bureau data (2024)
ZIP 43128, located in Jeffersonville, OH, and part of the Fayette County, OH metro area, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. The primary reason for this classification lies in the significant spread between the Fair Market Rent (FMR) set by the Department of Housing and Urban Development (HUD) and the actual market rents.
In fiscal year 2024, HUD has established the FMR for ZIP 43128 at $1120 per month for a one-bedroom unit. This figure represents the maximum rental assistance payment that landlords can receive through the Section 8 program. In contrast, the current market rent for a similar unit stands at $831 per month. This means landlords participating in the Section 8 program for properties in this ZIP code can secure a higher monthly rental income compared to what they might get in the open market.
The median home value in ZIP 43128 is $235,840, which suggests a stable housing market. While appreciation plays often rely on rising property values and short days on market (DOM), the data does not indicate any specific percentage increase in home prices or a low DOM for this ZIP code. Therefore, it cannot be classified as an appreciation play.
ZIP 43128 also acts as a diversifier due to its 42.0% renter share and median income of $50,915. However, the most compelling aspect of this ZIP code for a Section 8 portfolio is its potential as a cash-flow anchor. Landlords can expect a consistent and reliable income stream from tenants who are able to afford their rents thanks to the Section 8 subsidy, without the risk of having to lower prices to match the market rate.
To summarize, ZIP 43128 should be considered a cash-flow anchor in a Section 8 portfolio strategy. The $1120 FMR for a one-bedroom unit significantly exceeds the market rent of $831, providing landlords with a solid financial cushion. Additionally, the median income supports the viability of tenants receiving Section 8 assistance, ensuring a steady and predictable income source.
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.