Location: Dayton-Kettering-Beavercreek, OH | Metro: Dayton-Kettering-Beavercreek, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The market in ZIP 45384 is characterized by a significant rental presence, with 32.7% of residents identified as renters. This high percentage suggests a persistent demand for rental properties, indicative of long-term housing pressure that favors landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area stands at $970 for the fiscal year 2024, providing a benchmark for rental pricing. However, the absence of specific market rent data, price-cut share, days on market (DOM), and median home value complicates a full assessment of the dynamics between supply and demand.
Despite these gaps, the high renter share implies a market where demand for rentals is likely robust, potentially due to factors such as employment opportunities, affordability of homeownership, or transient populations. Landlords can leverage this trend by ensuring their properties meet the standards set by the FMR and offering competitive amenities to attract tenants.
The snapshot indicates a focus on the rental sector rather than the sales market, given the available data points. For small-portfolio investors, this ZIP code presents an opportunity to capitalize on the rental market's strength, though they must remain vigilant regarding local economic changes and tenant preferences to maintain occupancy rates and rental income.
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.