Location: Dayton-Kettering-Beavercreek, OH | Metro: Dayton-Kettering-Beavercreek, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
ZIP code 45345, located within the Dayton-Kettering-Beavercreek, OH MSA, presents a mix of characteristics that can be compared against typical ZIP codes within the same metropolitan statistical area. The Fair Market Rent (FMR) for ZIP 45345 stands at $880 for the fiscal year 2024, while the market rent is slightly higher at $915. This indicates that the rental prices are closely aligned with what is considered fair market value, suggesting a balanced market.
The median home value in ZIP 45345 is $191,362, which is lower than many areas within the Dayton-Kettering-Beavercreek MSA. Given that the typical home value in the broader MSA is likely higher, this makes ZIP 45345 a potentially attractive value pocket for investors looking to acquire properties at a lower price point without significant sacrifice in location desirability.
A noteworthy feature of ZIP 45345 is its 22.8% renter share, which is above average for the Dayton-Kettering-Beavercreek MSA. This high percentage of renters combined with the relatively low home values suggests a strong presence of rental housing and possibly an active Section 8 housing market. The alignment between the FMR and market rent supports this inference, as it implies that rental prices are competitive and within the range of government-subsidized housing programs.
In summary, ZIP 45345 appears to be a value pocket within the Dayton-Kettering-Beavercreek MSA. Its lower home values coupled with a high renter share make it an appealing option for landlords and small-portfolio investors interested in Section 8 properties. The close match between the FMR and market rent further supports its suitability for such investments.
Data Sources: FMR data from HUD (2027). 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.