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 Section 8 program in ZIP code 45413, located in Unknown, OH, presents a unique investment opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area as of fiscal year 2024 is set at $1010. However, the market rent data is currently unavailable, which makes it challenging to compare directly with the FMR.
Given that the FMR is $1010, if the market rent were lower than this figure, then accepting Section 8 tenants would be a yield play. Landlords could potentially charge a higher rent than what the open market might bear, thus increasing their rental income. This scenario would be particularly attractive in an area where the percentage of renters is unknown, and the median home value and median income are also not available. Without these figures, it's clear that there is a lack of comprehensive data about the local real estate market and economic conditions.
Conversely, if the market rent were higher than $1010, landlords who accept Section 8 tenants would be renting their properties below the open-market rates. This decision could be influenced by factors such as the stability of rental payments, which are guaranteed through government vouchers, and the potential for a more consistent tenant base. However, the exact financial impact of this decision cannot be quantified without knowing the actual market rent and other economic indicators specific to Unknown, OH.
In summary, the Section 8 gap in ZIP 45413 is explicitly stated as $1010, but without current market rent figures, it's impossible to calculate the percentage gap or fully assess the implications for landlords. The analysis must be anchored in the context of Unknown, OH, where detailed demographic and economic data is lacking, making it difficult to provide a complete picture of the local real estate landscape.
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.