Location: Dayton-Kettering-Beavercreek, OH | Metro: Dayton-Kettering-Beavercreek, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
The ZIP code 45401 in Dayton, OH, presents a unique investment opportunity when classified on the axes of yield and stability. The Fair Market Rent (FMR) for FY 2024 is set at $1010, which provides a benchmark for rental income expectations.
Based on recent real estate listings, the median home value in 45401 is lower compared to other areas, with several homes listed for under $200,000. For instance, a 3-bedroom, 2-bathroom house is listed for $149,900. This suggests a higher potential yield relative to the home values, especially if the FMR is achieved through rental income.
However, the lack of specific data on renter percentages, days on market (DOM), and median income makes it challenging to fully assess the stability of this market. Without these figures, it is difficult to determine the likelihood of consistent cash flow and the ease of finding tenants.
Given the available information, 45401 appears to be a market that leans towards high yield due to the relatively low home values compared to the FMR. However, the stability cannot be conclusively determined without additional data points. Therefore, this area could be considered a high-yield but potentially moderate-stability market, suitable for investors willing to manage some risk for the potential returns.
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.