Location: Preble County, 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 | $800 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,410 | $164,235 | 0.86% | C |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 45378 in fiscal year 2024 is set at $930. This figure represents the payment standard for Section 8 housing vouchers, meaning it is the maximum amount the government will pay towards your tenant's rent. However, it does not dictate the actual rent you can charge, which can be higher, but it sets a benchmark for what is considered reasonable in the area.
In comparison, the average rent in ZIP 45378, according to the Census Bureau's American Community Survey, is $627. This suggests that the FMR is significantly higher than the typical market rate, providing an opportunity for landlords to receive a more substantial subsidy for their rental units. The difference between these two figures can be attributed to the government's effort to ensure that a wide range of housing options are available to voucher holders, including those that might be slightly above the average rent.
The renter share in ZIP 45378 stands at 12.6%, indicating that a little over one out of every ten households in the area are renters. This percentage helps gauge the potential demand for rental properties, especially those participating in the Section 8 program. While this demand is relatively modest compared to other areas, it still represents a steady stream of tenants who are committed to paying their rent on time through the voucher system.
When considering the acquisition cost of a property in ZIP 45378, the median home value is approximately $150,221. This figure can help you assess whether a Section 8 rental makes financial sense given the property's purchase price. With a lower median home value, the barrier to entry for acquiring a rental property in this area is reduced, making it a potentially attractive option for first-time Section 8 landlords.
Before deciding to participate in the Section 8 program with a rental in ZIP 45378, one key verification step is essential. Ensure that the property meets all the required inspection standards set by the Housing Quality Standards (HQS). These inspections are mandatory and can affect your eligibility to receive Section 8 payments. It's crucial to address any necessary repairs or updates to avoid delays in starting your rental business under this program.
In summary, the FMR of $930 provides a clear payment standard for Section 8 vouchers, which is notably higher than the local average rent of $627. With a renter share of 12.6%, there is a consistent demand for rentals. At a median home value of $150,221, the cost of acquiring a rental property is manageable. By confirming your property meets HQS requirements, you can proceed confidently with your first Section 8 rental in ZIP 45378.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.