45345

ZIPSAFMR

Montgomery County, OH

ZIP Investment Score

116Above average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$760	$840	5.9%
1 BR	$840	$920	6.8%
2 BR	$1,040	$1,110	5.7%
3 BR	$1,350	$1,380	5.5%
4 BR	$1,480	$1,490	5.8%
5 BR	$1,702	Not available	5.8%
6 BR	$1,957	Not available	5.8%
7 BR	$2,251	Not available	5.8%
8 BR	$2,589	Not available	5.8%

Purchase Price Calculator

Maximum purchase price

$103,029

Cost breakdown

+Likely effective rent$1,110

HUD FMR$1,040

Market rent$1,140

Est. payment standard (106%)Used$1,110

-Principal and interest-$521

Loan amount$82,423

Down payment$20,606

Rate6.50%

Term30 years

-Operating costs-$389

Property taxes-$103

Insurance-$175

Utilities$0

HOA$0

Management-$111

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$18,075(87.7% ROI)

Projected value

$110,951

Return breakdown

Property appreciation+$7,922

Loan principal paid down+$2,953

Rental cash flow+$7,200

5-year hold

+$30,805(149.5% ROI)

Projected value

$116,568

Return breakdown

Property appreciation+$13,539

Loan principal paid down+$5,266

Rental cash flow+$12,000

10-year hold

+$65,405(317.4% ROI)

Projected value

$131,886

Return breakdown

Property appreciation+$28,857

Loan principal paid down+$12,548

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.66ratio

FMR$760

Market$1,160

vs market-$400

FMR is below market; voucher rent may lag private rents.

0.66

1 BR

0.78ratio

FMR$840

Market$1,080

vs market-$240

FMR is below market; voucher rent may lag private rents.

0.78

2 BR

0.91ratio

FMR$1,040

Market$1,140

vs market-$100

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

0.91

3 BR

0.97ratio

FMR$1,350

Market$1,390

vs market-$40

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

0.97

4 BR

0.99ratio

FMR$1,480

Market$1,500

vs market-$20

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

0.99

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 45345 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45345 (New Lebanon, OH) is $1,040 a month. That is down 2.8% from $1,070 in FY 2026. New Lebanon 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 54 ZIP codes in Montgomery County, 45345 is tied for the 52nd-highest two-bedroom rent (county range $1,000–$2,000).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45345
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$780	$760	−2.6%	$684–$836
1BR	$850	$840	−1.2%	$756–$924
2BR	$1,070	$1,040	−2.8%	$936–$1,144
3BR	$1,390	$1,350	−2.9%	$1,215–$1,485
4BR	$1,530	$1,480	−3.3%	$1,332–$1,628

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45345
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$760	$840	$1,040	$1,350	$1,480
FY 2026	$780	$850	$1,070	$1,390	$1,530
FY 2025	$670	$720	$930	$1,200	$1,320
FY 2024	$640	$690	$880	$1,150	$1,250
FY 2023	$590	$660	$840	$1,100	$1,200

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 45345
45315	$1,120	+7.7%
45322	$1,290	+24.0%
45325	$1,310	+26.0%
45327	$1,150	+10.6%
45338	$1,090	+4.8%
45342	$1,540	+48.1%
45343	$1,230	+18.3%
45344	$1,090	+4.8%
45345Current	$1,040	—
45354	$1,320	+26.9%
45371	$1,360	+30.8%
45377	$1,080	+3.8%

Questions about ZIP 45345 rents

How much will Section 8 pay for a two-bedroom in ZIP 45345?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,040, that basic range is $936 to $1,144 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 45345 in?

ZIP 45345 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 45345 for FY 2027?

The two-bedroom FMR fell 2.8%, from $1,070 in FY 2026 to $1,040 in FY 2027. Since FY 2023 it has risen 23.8%.

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

County fair market rent New Lebanon, OH fair market rent OH statewide rents What is SAFMR?Data sources