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 | $940 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,290 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,830 |
| 5 Bedrooms | $2,123 |
| 6 Bedrooms | $2,378 |
| 7 Bedrooms | $2,568 |
| 8 Bedrooms | $2,696 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,290 | $184,302 | 0.7% | D |
| 3BR | $1,680 | $223,017 | 0.75% | D |
| 4BR | $1,830 | $280,285 | 0.65% | D |
| 5BR | $2,123 | $343,254 | 0.62% | D |
U.S. Census Bureau data (2024)
The potential risks for investing in Section 8 properties in ZIP code 45322, Englewood, OH, include significant tenant turnover. With the market rent at $1,698 compared to the Fair Market Rent (FMR) of $1,070 for FY 2024, there is a substantial gap that can lead to higher turnover rates as tenants seek affordable housing options. This disparity also exposes landlords to increased vacancy periods, especially considering the average days on market (DOM) is only 10 days, which can result in rapid succession of tenants.
Furthermore, there is an elevated risk of deferred maintenance. The typical home value in the area is $225,044, while the median household income is $75,349. This indicates that many residents may struggle to afford routine maintenance, potentially leading to higher repair costs for landlords over time. Additionally, the lower income levels suggest that tenants might have difficulty keeping up with rent payments, increasing the likelihood of financial strain on the property owner.
However, these risks must be weighed against the high renter share in the area, which stands at 24.0%. A larger proportion of renters typically translates into greater demand for rental housing, including Section 8 vouchers. This high renter density can provide a steady stream of tenants, reducing the impact of vacancy periods and ensuring a consistent source of rental income.
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.