Location: Dayton-Kettering-Beavercreek, OH | Metro: Dayton-Kettering-Beavercreek, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
The ZIP code 45343 in Unknown, OH, presents an interesting challenge for landlords and small-portfolio investors due to the lack of detailed demographic data. However, we can still analyze the situation based on the available information regarding the Fair Market Rent (FMR).
The FMR for ZIP 45343 is set at $1010 for fiscal year 2024. This figure represents the maximum amount that a landlord can charge a Section 8 tenant. Without specific data on population and percentage of renters, it's difficult to definitively state whether this is a renter-heavy area with high voucher demand or a homeowner-dominated area with less voucher availability.
To connect the dots between income levels and market rent, consider the median household income in the area, which is currently unavailable. Typically, landlords would want to ensure that the market rent aligns reasonably with the local income levels, so that it consumes a fair yet sustainable portion of tenants' earnings. Given the absence of income data, we can only infer that if the median income is below the FMR threshold, the typical rent would consume a larger portion of local incomes, making it harder for potential tenants to afford housing without assistance.
The FMR serves as a benchmark for rental pricing in areas with Section 8 participation. Landlords should aim to keep their rents close to or slightly below this figure to attract and retain tenants who rely on vouchers. If the actual market rent exceeds the FMR, landlords might find themselves with fewer eligible tenants unless they are willing to accept lower rent payments that match the voucher amounts.
The kind of tenant profile a landlord in ZIP 45343 should expect includes individuals and families who likely qualify for housing assistance programs such as Section 8. These tenants will be looking for affordable housing options that fit within their budget constraints, which are influenced by the FMR and their income levels. Landlords must be prepared to navigate the requirements of these government-assisted programs, including regular inspections and documentation, to maintain compliance and continue receiving rental subsidies.
Data Sources: FMR data from HUD (2027).
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.