Location: Preble County, OH | Metro: Dayton-Kettering-Beavercreek, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The potential risks for investing in Section 8 housing in ZIP 45309, Brookville, OH, must be carefully considered. Tenant turnover could be an issue, as the market rent stands at $982 while the Fair Market Rent (FMR) for fiscal year 2024 is slightly lower at $980. This narrow margin between market rent and FMR suggests that tenants might seek higher-paying jobs or better rental opportunities outside the voucher program, leading to frequent moves. Vacancy exposure is another concern, given that the days on market (DOM) data is unavailable, making it difficult to predict how long properties might remain unoccupied. The typical home value in the area is $269,460, while the median income is $75,409, which indicates a significant disparity. This gap can result in deferred maintenance, as many residents may struggle to afford necessary repairs and upkeep, potentially lowering property values over time.
However, these risks are offset by the high renter density in ZIP 45309, where 25.9% of the population are renters. High renter density typically correlates with higher demand for housing vouchers, ensuring a steady stream of potential tenants. This demand can stabilize occupancy rates and provide consistent rental income despite the challenges posed by tenant turnover and maintenance issues.
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.