Location: Dayton-Kettering-Beavercreek, OH | Metro: Dayton-Kettering-Beavercreek, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
When considering whether to invest in ZIP code 45374 for Section 8 properties, follow these steps:
The Fair Market Rent (FMR) for ZIP 45374 in fiscal year 2024 is $980. To determine if this amount clears the debt service on a property, you must know the exact debt service cost, which is currently unknown. However, if the debt service is less than $980, then yes, it would be feasible. Otherwise, no.
The market rent for ZIP 45374 is not specified. If the market rent is above $980, landlords would face competition from non-Section 8 tenants. At $980, the rents align perfectly with the FMR, indicating no premium or discount. Below $980, landlords could potentially attract more tenants but might not maximize their income.
The percentage of renters and days on the market (DOM) are not provided. Assuming there is a significant rental population and low DOM, it indicates strong demand. Conversely, high DOM suggests weak demand. Without these specifics, it's difficult to make a definitive recommendation. However, if the percentage of renters is substantial and DOM is low, the answer is yes; otherwise, it depends.
To summarize, investing in ZIP 45374 for Section 8 properties hinges on three key factors: the FMR of $980 covering your debt service, the comparison between market rent and FMR, and the strength of local rental demand. With incomplete data, the decision ultimately depends on filling in the gaps with local insights and financial calculations specific to your investment criteria.
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.