Location: Shelby County, 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 | $780 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,390 | $262,044 | 0.53% | F |
U.S. Census Bureau data (2024)
ZIP code 45317, located in Shelby County, OH metro area, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 45317 in fiscal year 2024 is set at $980, which is the amount that the government will reimburse landlords for renting units to eligible tenants under the Section 8 program.
The median home value in ZIP 45317 stands at $215,096, indicating that property values are relatively stable. While the market rent data is not available, the FMR provides a reliable benchmark for rental income expectations. Landlords can count on consistent cash flow from the government's reimbursement, ensuring that they receive the full $980 per month for each Section 8 tenant without the risk of fluctuating market rents.
The cash-flow anchor role is further supported by the 10.6% renter share in the area. This means that a significant portion of the population relies on rental housing, creating a steady demand for rental properties. Additionally, the median income of $61,429 suggests that there is a reasonable economic base to support the Section 8 program, with enough individuals qualifying for assistance to fill available units.
Choosing ZIP 45317 as part of a Section 8 portfolio strategy allows landlords and small-portfolio investors to secure predictable monthly income. Given the lack of available market rent data, relying on the FMR ensures that landlords do not have to worry about negotiating with tenants or adjusting rents based on market conditions. Instead, they can focus on maintaining their properties and managing their tenants effectively.
In conclusion, ZIP 45317 is best suited as a cash-flow anchor in a Section 8 portfolio due to the guaranteed income from the FMR and the stable demand for rental properties. This makes it a low-risk, high-reward addition to any investment strategy focused on government-assisted housing.
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.