Section 8 Fair Market Rent (FMR) for ZIP 45305 - 2027

Location: Dayton-Kettering-Beavercreek, OH | Metro: Dayton-Kettering-Beavercreek, OH MSA

Investment Score for ZIP 45305

Monthly Rent (2BR)

$1,510

Median Price (2BR)

$263,467

1% Rule

0.57%

Annual Yield

6.88%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,100
1 Bedroom	$1,220
2 Bedrooms	$1,510
3 Bedrooms	$1,960
4 Bedrooms	$2,150
5 Bedrooms	$2,494
6 Bedrooms	$2,793
7 Bedrooms	$3,016
8 Bedrooms	$3,167

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,510	$263,467	0.57%	F
3BR	$1,960	$314,013	0.62%	D
4BR	$2,150	$488,645	0.44%	F
5BR	$2,494	$591,884	0.42%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

11,498

Median Household Income

$123,045

Housing Units

4,447

Renter Percentage

18.5%

Occupancy Rate

98.1%

Renter Occupied

808

Bellbrook, OH, located in ZIP code 45305, is a small town that offers a stable rental market for landlords and small-portfolio investors. The area is known for its quiet neighborhoods and proximity to larger cities, making it attractive for both long-term residents and those looking for a suburban retreat.

The Fair Market Rent (FMR) for ZIP 45305 in fiscal year 2024 is set at $1200, providing a benchmark for rental pricing.
The average market rent for properties in Bellbrook, according to the Census American Community Survey (ACS), stands at $1,355, indicating a slightly higher actual rental price compared to the FMR.
The median home value in Bellbrook is $385,543, reflecting the overall property values in the area.
Renters make up 18.5% of the local housing market, suggesting a smaller but steady demand for rental properties.
The median household income in Bellbrook is $123,045, which is above the national average, indicating a strong financial base among residents.

Analyzing these points, Bellbrook presents a solid investment opportunity for those interested in a low-risk market. With a median income significantly above the national average, there is a reliable tenant pool capable of meeting the market rent levels. However, the relatively low renter share suggests that competition for rental units could be moderate. Landlords should aim to keep their rents competitive yet reflective of the high median home value and strong income levels to maximize returns on investment.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.