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Montgomery County/Dayton/45406

45406

ZIPSAFMR
Montgomery County, OH
Zillow

ZIP Investment Score

160High yield potential

095130300
BRFMR
Eff. Rent
0 BR$820$710
1 BR$910$710
2 BR$1,130$870
3 BR$1,470$1,250
4 BR$1,610$1,260
5 BR$1,851Not available
6 BR$2,129Not available
7 BR$2,449Not available
8 BR$2,816Not available

Purchase Price Calculator

Maximum purchase price
$67,365

Cost breakdown

+Likely effective rent$870
HUD FMR$1,130
Market rentUsed$870
Est. payment standard (90%)$1,020
-Principal and interest-$341
Loan amount$53,892
Down payment$13,473
Rate6.50%
Term30 years
-Operating costs-$329
Property taxes-$67
Insurance-$175
Utilities$0
HOA$0
Management-$87
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,311(106.2% ROI)
Projected value
$72,545
Return breakdown
Property appreciation+$5,180
Loan principal paid down+$1,931
Rental cash flow+$7,200
5-year hold
+$24,296(180.3% ROI)
Projected value
$76,217
Return breakdown
Property appreciation+$8,852
Loan principal paid down+$3,443
Rental cash flow+$12,000
10-year hold
+$51,072(379.1% ROI)
Projected value
$86,233
Return breakdown
Property appreciation+$18,868
Loan principal paid down+$8,204
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.15
1 BR
1.28
2 BR
1.30
3 BR
1.18
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 45406 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45406 (Dayton, OH) is $1,130 a month. That is down 2.6% from $1,160 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, 45406 has the 43rd-highest two-bedroom rent (county range $1,000–$2,000). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45406 is 8% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45406
BedroomsFY 2027Change90–110% range
Studio$820−3.5%$738–$902
1BR$910−1.1%$819–$1,001
2BR$1,130−2.6%$1,017–$1,243
3BR$1,470−2.0%$1,323–$1,617
4BR$1,610−3.0%$1,449–$1,771

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45406
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$820$910$1,130$1,470$1,610
FY 2026$850$920$1,160$1,500$1,660
FY 2025$720$780$990$1,280$1,410
FY 2024$680$730$930$1,210$1,330
FY 2023$610$680$870$1,140$1,240

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 45406
45401$1,230+8.8%
45402$1,350+19.5%
45403$1,000−11.5%
45404$1,160+2.7%
45405$1,080−4.4%
45406Current$1,130—
45409$1,330+17.7%
45410$1,230+8.8%
45413$1,230+8.8%
45414$1,110−1.8%
45415$1,150+1.8%
45416$1,420+25.7%

Questions about ZIP 45406 rents

How much will Section 8 pay for a two-bedroom in ZIP 45406?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,130, that basic range is $1,017 to $1,243 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 45406 in?

ZIP 45406 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 45406 for FY 2027?

The two-bedroom FMR fell 2.6%, from $1,160 in FY 2026 to $1,130 in FY 2027. Since FY 2023 it has risen 29.9%.

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