45374

ZIPSAFMR

Miami County, OH

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$870	$860	7.0%
1 BR	$960	$910	7.6%
2 BR	$1,190	$1,140	6.7%
3 BR	$1,550	$1,610	6.9%
4 BR	$1,690	$1,840	6.5%
5 BR	$1,943	Not available	6.5%
6 BR	$2,235	Not available	6.5%
7 BR	$2,570	Not available	6.5%
8 BR	$2,956	Not available	6.5%

Purchase Price Calculator

Maximum purchase price

$107,487

Cost breakdown

+Likely effective rent$1,140

HUD FMR$1,190

Market rentUsed$1,140

Est. payment standard (97%)$1,160

-Principal and interest-$544

Loan amount$85,990

Down payment$21,497

Rate6.50%

Term30 years

-Operating costs-$396

Property taxes-$107

Insurance-$175

Utilities$0

HOA$0

Management-$114

=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

+$18,546(86.3% ROI)

Projected value

$115,752

Return breakdown

Property appreciation+$8,265

Loan principal paid down+$3,081

Rental cash flow+$7,200

5-year hold

+$31,619(147.1% ROI)

Projected value

$121,612

Return breakdown

Property appreciation+$14,125

Loan principal paid down+$5,494

Rental cash flow+$12,000

10-year hold

+$67,196(312.6% ROI)

Projected value

$137,592

Return breakdown

Property appreciation+$30,105

Loan principal paid down+$13,091

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.01ratio

FMR$870

Market$860

vs market+$10

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

1.01

1 BR

1.05ratio

FMR$960

Market$910

vs market+$50

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

1.05

2 BR

1.04ratio

FMR$1,190

Market$1,140

vs market+$50

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

1.04

3 BR

0.95ratio

FMR$1,550

Market$1,640

vs market-$90

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

0.95

4 BR

0.88ratio

FMR$1,690

Market$1,920

vs market-$230

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

0.88

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 45374 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45374 (Troy, OH) is $1,190 a month. That is down 3.3% from $1,230 in FY 2026. Troy 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 19 ZIP codes in Miami County, 45374 has the 8th-highest two-bedroom rent (county range $1,000–$1,740). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45374 is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45374
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$900	$870	−3.3%	$783–$957
1BR	$980	$960	−2.0%	$864–$1,056
2BR	$1,230	$1,190	−3.3%	$1,071–$1,309
3BR	$1,600	$1,550	−3.1%	$1,395–$1,705
4BR	$1,760	$1,690	−4.0%	$1,521–$1,859

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45374
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$870	$960	$1,190	$1,550	$1,690
FY 2026	$900	$980	$1,230	$1,600	$1,760
FY 2025	$750	$820	$1,040	$1,340	$1,480
FY 2024	$710	$770	$980	$1,270	$1,400
FY 2023	$660	$730	$930	$1,220	$1,330

Two-bedroom rent in nearby Miami County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 45374
45326	$1,210	+1.7%
45337	$1,410	+18.5%
45339	$1,100	−7.6%
45344	$1,090	−8.4%
45356	$1,160	−2.5%
45359	$1,000	−16.0%
45361	$1,740	+46.2%
45365	$1,060	−10.9%
45371	$1,360	+14.3%
45373	$1,170	−1.7%
45374Current	$1,190	—
45383	$1,110	−6.7%

Questions about ZIP 45374 rents

How much will Section 8 pay for a two-bedroom in ZIP 45374?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,190, that basic range is $1,071 to $1,309 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 45374 in?

ZIP 45374 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 45374 for FY 2027?

The two-bedroom FMR fell 3.3%, from $1,230 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 28.0%.

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 Troy, OH fair market rent OH statewide rents What is SAFMR?Data sources