Location: Dayton-Kettering-Beavercreek, 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 | $840 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $930 | $42,127 | 2.21% | A+ |
| 2BR | $1,150 | $54,007 | 2.13% | A+ |
| 3BR | $1,500 | $86,219 | 1.74% | A+ |
| 4BR | $1,630 | $117,563 | 1.39% | A |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 45417 in Dayton, Ohio, for fiscal year 2024 is set at $930. This figure represents the maximum amount that a landlord can charge a Section 8 tenant for rent. It's important to note that this is not the actual rent you'll receive; it's a benchmark used by the Housing Choice Voucher program to ensure affordability.
In comparison, the average market rent for the area, known as the Zillow Rent Index (ZORI), stands at $1,068. This means that if you're considering a Section 8 rental, you'll be charging a bit less than the typical market rate. However, the demand for rental properties in this area is strong, with 52.1% of residents being renters. This high percentage suggests there will likely be a steady stream of potential tenants interested in your property.
The median household income in ZIP 45417 is around $75,650. While this doesn't directly impact your decision to accept Section 8 tenants, it does provide context on the local economy. For instance, if you're looking to acquire a new property, this income level might influence the price range you consider reasonable, given the local economic conditions.
Before you finalize your decision to enter the Section 8 market, one key verification step is essential. Ensure that your property meets all the required standards for the Housing Choice Voucher program. This includes passing inspections for health and safety, and possibly making improvements to bring your home up to par with the program's requirements. Once these standards are met, you can confidently proceed with renting to Section 8 tenants, knowing you're providing a safe and affordable living space while also securing a stable income source.
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.