Location: Dayton-Kettering-Beavercreek, 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 | $820 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,120 | $192,933 | 0.58% | F |
| 3BR | $1,460 | $277,039 | 0.53% | F |
| 4BR | $1,590 | $340,075 | 0.47% | F |
U.S. Census Bureau data (2024)
Investing in Section 8 properties in ZIP code 45315 in Englewood, OH, presents several challenges that potential landlords must consider. Firstly, tenant turnover is a significant concern due to the disparity between the market rent of $921 and the Fair Market Rent (FMR) of $980 for fiscal year 2024. This difference can lead to tenants seeking higher-paying positions or moving to areas where they might find more affordable housing options, increasing the likelihood of frequent turnovers.
Vacancy exposure is another critical issue, as the Days on Market (DOM) data is currently unavailable. This lack of information makes it difficult to predict how long a property might remain vacant between tenancies. Given the typical home value in the area is $280,745 and the median income is $92,333, there is also a notable risk associated with deferred maintenance. Landlords need to be prepared to invest in regular upkeep and repairs, as lower-income households often require more attention to ensure compliance with housing quality standards.
Despite these risks, the high renter share of 15.6% in Englewood suggests a robust demand for rental properties, particularly those accepting Section 8 vouchers. A larger percentage of renters typically translates into a higher number of individuals and families seeking subsidized housing, which can help mitigate the risks associated with vacancy and turnover. Additionally, the presence of a substantial number of renters can provide a steady stream of potential tenants, reducing the time and effort required to fill vacancies.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.