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Montgomery County/Dayton/45414

45414

ZIPSAFMR
Montgomery County, OH
Zillow

ZIP Investment Score

98Above average

095130300
BRFMR
Eff. Rent
0 BR$810$690
1 BR$900$750
2 BR$1,110$980
3 BR$1,440$1,220
4 BR$1,580$1,350
5 BR$1,817Not available
6 BR$2,090Not available
7 BR$2,403Not available
8 BR$2,763Not available

Purchase Price Calculator

Maximum purchase price
$83,711

Cost breakdown

+Likely effective rent$980
HUD FMR$1,110
Market rentUsed$980
Est. payment standard (92%)$1,030
-Principal and interest-$423
Loan amount$66,969
Down payment$16,742
Rate6.50%
Term30 years
-Operating costs-$357
Property taxes-$84
Insurance-$175
Utilities$0
HOA$0
Management-$98
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,036(95.8% ROI)
Projected value
$90,148
Return breakdown
Property appreciation+$6,437
Loan principal paid down+$2,399
Rental cash flow+$7,200
5-year hold
+$27,279(162.9% ROI)
Projected value
$94,711
Return breakdown
Property appreciation+$11,000
Loan principal paid down+$4,279
Rental cash flow+$12,000
10-year hold
+$57,641(344.3% ROI)
Projected value
$107,157
Return breakdown
Property appreciation+$23,446
Loan principal paid down+$10,195
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.17
1 BR
1.20
2 BR
1.13
3 BR
1.18
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 45414 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45414 (Dayton, OH) is $1,110 a month. That is down 5.1% from $1,170 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, 45414 has the 45th-highest two-bedroom rent (county range $1,000–$2,000). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45414 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45414
BedroomsFY 2027Change90–110% range
Studio$810−4.7%$729–$891
1BR$900−3.2%$810–$990
2BR$1,110−5.1%$999–$1,221
3BR$1,440−5.3%$1,296–$1,584
4BR$1,580−5.4%$1,422–$1,738

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45414
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$810$900$1,110$1,440$1,580
FY 2026$850$930$1,170$1,520$1,670
FY 2025$720$780$1,000$1,290$1,430
FY 2024$690$740$950$1,240$1,350
FY 2023$620$690$880$1,150$1,260

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 45414
45405$1,080−2.7%
45406$1,130+1.8%
45409$1,330+19.8%
45410$1,230+10.8%
45413$1,230+10.8%
45414Current$1,110—
45415$1,150+3.6%
45416$1,420+27.9%
45417$1,150+3.6%
45419$1,200+8.1%
45420$1,250+12.6%
45422$1,230+10.8%

Questions about ZIP 45414 rents

How much will Section 8 pay for a two-bedroom in ZIP 45414?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,110, that basic range is $999 to $1,221 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 45414 in?

ZIP 45414 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 45414 for FY 2027?

The two-bedroom FMR fell 5.1%, from $1,170 in FY 2026 to $1,110 in FY 2027. Since FY 2023 it has risen 26.1%.

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