Section 8 Fair Market Rent (FMR) for ZIP 45433 - 2027

Location: Dayton-Kettering-Beavercreek, OH | Metro: Dayton-Kettering-Beavercreek, OH MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,270
1 Bedroom	$1,410
2 Bedrooms	$1,740
3 Bedrooms	$2,260
4 Bedrooms	$2,470
5 Bedrooms	$2,865
6 Bedrooms	$3,209
7 Bedrooms	$3,466
8 Bedrooms	$3,639

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,508

Median Household Income

$89,615

Housing Units

461

Renter Percentage

97.4%

Occupancy Rate

92.4%

Renter Occupied

415

The ZIP code 45433, located in Warren County, Ohio, is a residential area characterized by a high concentration of renters and a relatively stable rental market. The area offers a mix of suburban and rural living, attracting families and individuals seeking affordable housing options.

Fair Market Rent (FMR) for ZIP 45433: The FMR for a two-bedroom apartment in the area is set at $1530 for fiscal year 2024, providing a benchmark for rental pricing that landlords should consider.
Market Rent: According to the Census American Community Survey, the average market rent for the area is $1,422, slightly below the FMR, indicating a competitive rental market.
Renter Share: With 97.4% of residents being renters, the demand for rental properties is exceptionally high, making it a favorable location for landlords and small-portfolio investors.
Median Income: The median household income in ZIP 45433 is $89,615, suggesting that residents have a moderate to strong ability to pay rent, which can support higher rental rates.
Days on Market (DOM): Data on the typical days on market for rental listings is currently unavailable, but given the high renter share, listings are likely to attract interest quickly.
Median Home Value: The median home value is not available for ZIP 45433, which could indicate a lack of significant home sales data, or it might reflect the dominance of rental properties over homeownership in the area.

In summary, ZIP 45433 presents a robust opportunity for landlords and small-portfolio investors due to its high renter share and stable rental market. While the median home value is not available, the high median income supports the potential for higher rental prices. Landlords should aim to price their units close to the FMR of $1530 to remain competitive, while also considering the actual market rent of $1,422 when setting their rates. The quick turnover suggested by the high renter share means that well-managed properties can generate steady cash flow, making this area a worthwhile investment.

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.