Location: Dayton-Kettering-Beavercreek, OH | Metro: Dayton-Kettering-Beavercreek, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
In ZIP code 45307, there are several potential risks for landlords considering Section 8 investments. Firstly, tenant turnover can be a significant issue due to the disparity between the market rent at $929 and the Fair Market Rent (FMR) set at $880 for FY 2024. This gap may lead to frequent changes in tenants, as some may find it difficult to meet the higher market rent requirements. Secondly, vacancy exposure is a concern, especially since the days on market (DOM) data is currently unavailable. This lack of information makes it challenging to predict how long properties might remain vacant, increasing financial uncertainty.
The third risk involves deferred maintenance. With a typical home value of $134,406 and a median income of $72,500, many residents may struggle to keep up with property maintenance costs. This financial strain can result in landlords being responsible for more repairs and upkeep than anticipated, which can impact profitability and increase operational costs.
However, these risks must be weighed against the high renter share in the area, which stands at 40.7%. High renter density often correlates with increased demand for rental housing, including those using Section 8 vouchers. The presence of a large number of renters typically means a steady pool of potential tenants who are looking for affordable housing options, thus mitigating some of the vacancy risks.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.