45015
ZIPSAFMR
Butler County, OH
BRFMR
Eff. Rent
0 BR$990$950
1 BR$1,090$920
2 BR$1,400$1,230
3 BR$1,850$1,540
4 BR$2,040$2,070
5 BR$2,346
6 BR$2,698
7 BR$3,103
8 BR$3,568

Purchase Price Calculator

Maximum purchase price
$120,861

Cost breakdown

+Likely effective rent$1,230
HUD FMR$1,400
Market rentUsed$1,230
Est. payment standard (92%)$1,290
Market rent is below the inferred standard ($1,290, 92% of FMR).
-Principal and interest-$611
Loan amount$96,689
Down payment$24,172
Rate6.50%
Term30 years
-Operating costs-$419
Property taxes-$121
Insurance-$175
Utilities$0
HOA$0
Management-$123
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,957(82.6% ROI)
Projected value
$130,154
Current value$120,861
Return breakdown
Property appreciation+$9,293
Loan principal paid down+$3,464
Rental cash flow+$7,200
5-year hold
+$34,060(140.9% ROI)
Projected value
$136,743
Current value$120,861
Return breakdown
Property appreciation+$15,882
Loan principal paid down+$6,177
Rental cash flow+$12,000
10-year hold
+$72,571(300.2% ROI)
Projected value
$154,712
Current value$120,861
Return breakdown
Property appreciation+$33,851
Loan principal paid down+$14,720
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.04ratio
FMR$990
Market$950
vs market+$40

FMR is near market; voucher and private rents are aligned.

90% standard$891 / 0.94 ratio110% standard$1,089 / 1.15 ratio
1.04
1 BR
1 BR
1.18ratio
FMR$1,090
Market$920
vs market+$170

FMR is above market; underwrite to market rent.

90% standard$981 / 1.07 ratio110% standard$1,199 / 1.30 ratio
1.18
2 BR
2 BR
1.14ratio
FMR$1,400
Market$1,230
vs market+$170

FMR is above market; underwrite to market rent.

90% standard$1,260 / 1.02 ratio110% standard$1,540 / 1.25 ratio
1.14
3 BR
3 BR
1.20ratio
FMR$1,850
Market$1,540
vs market+$310

FMR is above market; underwrite to market rent.

90% standard$1,665 / 1.08 ratio110% standard$2,035 / 1.32 ratio
1.20
4 BR
4 BR
0.98ratio
FMR$2,040
Market$2,090
vs market-$50

FMR is near market; voucher and private rents are aligned.

90% standard$1,836 / 0.88 ratio110% standard$2,244 / 1.07 ratio
0.98
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 45015 (OH) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

45015 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 45015 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,400 and the 4 bedroom fair market rent is $2,040.

Use this page for searches like 45015 FMR, 45015 fair market rent, and 45015 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 45015
Bedroom sizeHUD FMR
Studio$990
1 bedroom$1,090
2 bedroom$1,400
3 bedroom$1,850
4 bedroom$2,040