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 | $810 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,430 | $354,697 | 0.4% | F |
| 4BR | $1,570 | $431,214 | 0.36% | F |
U.S. Census Bureau data (2024)
The classification of ZIP code 45339 hinges on analyzing its financial metrics against the backdrop of potential rental yields and market stability. The Federal Market Rent (FMR) for ZIP 45339 in fiscal year 2024 is set at $1,060. This figure is crucial as it represents the maximum rent that can be charged to tenants receiving housing assistance under the Section 8 program. Comparatively, the market rent stands at $630, indicating a significant premium when leveraging Section 8 subsidies.
Investing in this area could be highly lucrative given the substantial difference between the FMR and the market rent. However, the stability of the investment must also be considered. With only 16.7% of the population being renters, the demand for rental properties is relatively low. This percentage suggests that the majority of residents prefer homeownership, which might impact the availability of long-term tenants and thus affect the stability of cash flow.
The median home value in ZIP 45339 is $327,271, which is a considerable sum. Coupled with the median household income of $97,750, it indicates that the area has a stable economic foundation. However, the lack of data on days on market (DOM) makes it challenging to assess how quickly properties can be leased or sold, which is a key factor in determining market stability.
Given these figures, ZIP 45339 appears to offer a balance between yield and stability. While the yield potential is high due to the premium Section 8 rents can command over market rates, the lower percentage of renters and the absence of DOM data suggest that the market is not entirely stable. Therefore, this ZIP code is best classified as an area that offers a good yield but requires careful management to ensure consistent cash flow. Landlords and small-portfolio investors should consider diversifying their investments and possibly focusing on properties that cater to both owner-occupiers and renters to mitigate risk.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.