FMR is below market; voucher rent may lag private rents.
0.76
1 BR
1 BR
0.92ratio
FMR$1,430
Market$1,550
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.92
2 BR
2 BR
1.06ratio
FMR$1,770
Market$1,670
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR
1.10ratio
FMR$2,300
Market$2,100
vs market+$200
FMR is near market; voucher and private rents are aligned.
1.10
4 BR
4 BR
1.05ratio
FMR$2,510
Market$2,400
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.05
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 45301 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45301 (Alpha, OH) is $1,770 a month. That is up 5.4% from $1,680 in FY 2026. Alpha is in the Dayton-Kettering-Beavercreek, OH MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 27 ZIP codes in Greene County, 45301 has the 2nd-highest two-bedroom rent (county range $1,000–$1,810). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45301 is 69% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 45301
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,230
$1,290
+4.9%
$1,161–$1,419
1BR
$1,330
$1,430
+7.5%
$1,287–$1,573
2BR
$1,680
$1,770
+5.4%
$1,593–$1,947
3BR
$2,180
$2,300
+5.5%
$2,070–$2,530
4BR
$2,390
$2,510
+5.0%
$2,259–$2,761
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 45301
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,290
$1,430
$1,770
$2,300
$2,510
FY 2026
$1,230
$1,330
$1,680
$2,180
$2,390
FY 2025
$970
$1,050
$1,350
$1,740
$1,920
FY 2024
$970
$1,050
$1,340
$1,740
$1,910
FY 2023
$920
$1,020
$1,300
$1,710
$1,860
Two-bedroom rent in nearby Greene County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 45301?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,770, that basic range is $1,593 to $1,947 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 45301 in?
ZIP 45301 is in the Dayton-Kettering-Beavercreek, OH MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in ZIP 45301 for FY 2027?
The two-bedroom FMR rose 5.4%, from $1,680 in FY 2026 to $1,770 in FY 2027. Since FY 2023 it has risen 36.2%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set