Location: Dayton-Kettering-Beavercreek, OH | Metro: Dayton-Kettering-Beavercreek, OH MSA
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 45428 stands out due to its unique characteristics. With only 272 residents, it is one of the smallest ZIP codes in terms of population. What makes this ZIP code particularly distinctive is that all residents are renters, indicating a strong reliance on rental housing. The lack of data on median income and median home value suggests either an incomplete dataset or a community where traditional metrics do not fully capture the economic landscape.
In the context of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 45428 in fiscal year 2024 is set at $930. This figure is crucial for landlords and small-portfolio investors as it represents the maximum amount that HUD will pay for rent and utilities in the area. However, the absence of market rent data makes it difficult to compare the FMR against actual market conditions, which could be a significant factor for investment decisions.
The voucher economics in ZIP 45428 are straightforward: landlords can expect to receive up to $930 per month from the government for tenants using Section 8 vouchers. This is a reliable source of income, especially considering the high percentage of renters in the area. It's important to note that the actual rent charged can be higher than the FMR if the landlord and tenant agree, but the tenant would need to cover the difference.
Based on the available data, ZIP 45428 appears to have a stable rental market, with all residents being renters and a defined FMR. However, the lack of broader economic indicators such as median income and home values means that the overall stability of the area remains uncertain. For landlords and investors looking to enter this market, understanding the local dynamics beyond the numbers provided here is essential.
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.