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 | $990 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,360 | $220,507 | 0.62% | D |
| 3BR | $1,770 | $319,133 | 0.55% | F |
| 4BR | $1,930 | $421,278 | 0.46% | F |
| 5BR | $2,239 | $493,392 | 0.45% | F |
U.S. Census Bureau data (2024)
The ZIP code 45371, located in Tipp City, Ohio, stands out within Miami County due to its unique demographic and economic characteristics. With a population of 22,865 residents, it has a rental rate of 27.7%, indicating a significant portion of the community is leasing their homes. The median income in this area is $93,599, which places it above the national average, suggesting a relatively affluent neighborhood. However, the median home value of $347,626 is notably lower compared to other areas in the county, making homeownership more accessible.
Moving into the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 45371 in fiscal year 2024 is set at $1,060. This figure is considerably below the market rent, as indicated by the ZORI (Zillow Rental Index), which stands at $1,833. This disparity means that landlords accepting Section 8 vouchers in Tipp City can expect to receive less rent than the market rate, but still benefit from a stable tenant base and government-backed payments.
Based on the data signature, ZIP 45371 appears to be in a stable phase. The combination of a modest median home value alongside a higher median income suggests a balanced real estate market where both homeownership and renting are viable options. Additionally, the slight rental percentage indicates that a majority of residents own their homes, further supporting the stability of the area. For landlords and small-portfolio investors, this stability translates into a predictable environment, though they should be prepared for the lower rents associated with Section 8 vouchers compared to the local market rates.
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.