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Montgomery County/Dayton/45405

45405

ZIPSAFMR
Montgomery County, OH
Zillow

ZIP Investment Score

138High yield potential

095130300
BRFMR
Eff. Rent
0 BR$790$690
1 BR$870$710
2 BR$1,080$890
3 BR$1,400$1,140
4 BR$1,540$1,200
5 BR$1,771Not available
6 BR$2,037Not available
7 BR$2,342Not available
8 BR$2,693Not available

Purchase Price Calculator

Maximum purchase price
$70,337

Cost breakdown

+Likely effective rent$890
HUD FMR$1,080
Market rentUsed$890
Est. payment standard (90%)$970
-Principal and interest-$356
Loan amount$56,270
Down payment$14,067
Rate6.50%
Term30 years
-Operating costs-$334
Property taxes-$70
Insurance-$175
Utilities$0
HOA$0
Management-$89
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,624(104.0% ROI)
Projected value
$75,745
Return breakdown
Property appreciation+$5,408
Loan principal paid down+$2,016
Rental cash flow+$7,200
5-year hold
+$24,838(176.6% ROI)
Projected value
$79,580
Return breakdown
Property appreciation+$9,243
Loan principal paid down+$3,595
Rental cash flow+$12,000
10-year hold
+$52,267(371.5% ROI)
Projected value
$90,037
Return breakdown
Property appreciation+$19,700
Loan principal paid down+$8,566
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.14
1 BR
1.23
2 BR
1.21
3 BR
1.23
4 BR
1.28
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 45405 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45405 (Dayton, OH) is $1,080 a month. That is up 0.9% from $1,070 in FY 2026. Dayton 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, 45405 is tied for the 48th-highest two-bedroom rent (county range $1,000–$2,000). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45405 is 3% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45405
BedroomsFY 2027Change90–110% range
Studio$790+1.3%$711–$869
1BR$870+2.4%$783–$957
2BR$1,080+0.9%$972–$1,188
3BR$1,400+0.7%$1,260–$1,540
4BR$1,540+0.7%$1,386–$1,694

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45405
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$790$870$1,080$1,400$1,540
FY 2026$780$850$1,070$1,390$1,530
FY 2025$670$720$930$1,200$1,320
FY 2024$650$700$900$1,170$1,280
FY 2023$630$690$890$1,170$1,270

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 45405
45401$1,230+13.9%
45402$1,350+25.0%
45403$1,000−7.4%
45404$1,160+7.4%
45405Current$1,080—
45406$1,130+4.6%
45409$1,330+23.1%
45410$1,230+13.9%
45413$1,230+13.9%
45414$1,110+2.8%
45415$1,150+6.5%
45416$1,420+31.5%

Questions about ZIP 45405 rents

How much will Section 8 pay for a two-bedroom in ZIP 45405?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,080, that basic range is $972 to $1,188 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 45405 in?

ZIP 45405 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 45405 for FY 2027?

The two-bedroom FMR rose 0.9%, from $1,070 in FY 2026 to $1,080 in FY 2027. Since FY 2023 it has risen 21.3%.

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 rentDayton, OH fair market rentOH statewide rentsWhat is SAFMR?Data sources