Location: Dayton-Kettering-Beavercreek, OH | Metro: Dayton-Kettering-Beavercreek, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,290 |
| 1 Bedroom | $1,430 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,510 |
| 5 Bedrooms | $2,912 |
| 6 Bedrooms | $3,261 |
| 7 Bedrooms | $3,522 |
| 8 Bedrooms | $3,698 |
U.S. Census Bureau data (2024)
The ZIP code 45301 is situated in a unique area with a total population of just 224 residents. This makes it one of the smallest communities in terms of population size, which could suggest a tight-knit neighborhood. Notably, there are no reported renters in this community, indicating a primarily owner-occupied environment. The median income and median home value data for this area are currently unavailable, which might imply a lack of comprehensive housing statistics or a highly specialized demographic that is difficult to quantify.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 45301 as of fiscal year 2024 is set at $1340. Given the absence of reported market rent figures, it's challenging to compare the FMR against typical local rental rates. However, the FMR can be used as a benchmark for rental pricing in areas where market data is sparse or unreliable.
In terms of suitability for investment, ZIP 45301 presents a scenario that is likely better suited for a hands-on value-add buyer rather than a hands-off voucher operator. The extremely low population and the complete absence of renters suggest that there is little to no demand for rental properties in this area. Therefore, an investor looking to manage properties through the Section 8 program would find limited opportunities for passive income generation. Instead, a value-add strategy, focusing on improving property quality and potentially converting some homes into rentals, could be more effective if there is potential for increasing the community's attractiveness to renters.
Data Sources: FMR data from HUD (2027). 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.