Location: Dayton-Kettering-Beavercreek, OH | Metro: Dayton-Kettering-Beavercreek, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,270 |
| 1 Bedroom | $1,410 |
| 2 Bedrooms | $1,740 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
U.S. Census Bureau data (2024)
ZIP 45361, located within the Dayton-Kettering-Beavercreek, OH MSA metro area, serves as an ideal cash-flow anchor for a Section 8 portfolio strategy. The Federal Market Rent (FMR) for ZIP 45361 in fiscal year 2024 is set at $1230, significantly below the market rent of $1604. This creates a spread of $374 per unit, ensuring a steady and reliable cash flow for landlords and small-portfolio investors.
The guaranteed rental income from the Section 8 program, combined with the lower FMR, means that properties in ZIP 45361 can be leased at rates that cover operating expenses and provide a profit margin. While the median home value is not available, the focus on cash flow makes this less critical for a Section 8 investment strategy.
Although there is insufficient data to classify ZIP 45361 as an appreciation play, due to the lack of percentage increase in property values and days on market (DOM), it still holds significant value as a diversifier. With a 22.1% renter share, the demand for rental properties is strong enough to support a Section 8 portfolio. Additionally, the median income of $66,250 suggests a stable economic base, which can help ensure that tenants maintain their eligibility for the Section 8 program and continue to pay rent consistently.
In conclusion, ZIP 45361 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The $374 difference between the FMR and market rent provides a solid financial foundation for investors, while the other metrics support a diversified approach to real estate investment in this area.
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.