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Greene County/Dayton/45431

45431

ZIPSAFMR
Greene County, OH
Zillow

ZIP Investment Score

146High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,140$930
1 BR$1,270$1,100
2 BR$1,570$1,250
3 BR$2,040$1,950
4 BR$2,230$2,370
5 BR$2,565Not available
6 BR$2,949Not available
7 BR$3,392Not available
8 BR$3,900Not available

Purchase Price Calculator

Maximum purchase price
$123,833

Cost breakdown

+Likely effective rent$1,250
HUD FMR$1,570
Market rentUsed$1,250
Est. payment standard (90%)$1,410
-Principal and interest-$626
Loan amount$99,066
Down payment$24,767
Rate6.50%
Term30 years
-Operating costs-$424
Property taxes-$124
Insurance-$175
Utilities$0
HOA$0
Management-$125
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,271(81.8% ROI)
Projected value
$133,355
Return breakdown
Property appreciation+$9,522
Loan principal paid down+$3,549
Rental cash flow+$7,200
5-year hold
+$34,602(139.7% ROI)
Projected value
$140,106
Return breakdown
Property appreciation+$16,273
Loan principal paid down+$6,329
Rental cash flow+$12,000
10-year hold
+$73,765(297.8% ROI)
Projected value
$158,517
Return breakdown
Property appreciation+$34,684
Loan principal paid down+$15,082
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.23
1 BR
1.15
2 BR
1.26
3 BR
1.05
4 BR
0.91
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 45431 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 45431 (Dayton, OH) is $1,570 a month. That is down 1.9% from $1,600 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 27 ZIP codes in Greene County, 45431 has the 7th-highest two-bedroom rent (county range $1,000–$1,810). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 45431 is 50% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 45431
BedroomsFY 2027Change90–110% range
Studio$1,140−2.6%$1,026–$1,254
1BR$1,2700.0%$1,143–$1,397
2BR$1,570−1.9%$1,413–$1,727
3BR$2,040−1.9%$1,836–$2,244
4BR$2,230−2.2%$2,007–$2,453

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 45431
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,140$1,270$1,570$2,040$2,230
FY 2026$1,170$1,270$1,600$2,080$2,280
FY 2025$990$1,070$1,370$1,770$1,950
FY 2024$970$1,040$1,330$1,730$1,900
FY 2023$890$980$1,260$1,650$1,800

Two-bedroom rent in nearby Greene County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 45431
45385$1,160−26.1%
45387$1,090−30.6%
45424$1,370−12.7%
45430$1,720+9.6%
45431Current$1,570—
45432$1,070−31.8%
45433$1,740+10.8%
45434$1,810+15.3%
45435$1,320−15.9%
45440$1,370−12.7%
45458$1,600+1.9%
45459$1,460−7.0%

Questions about ZIP 45431 rents

How much will Section 8 pay for a two-bedroom in ZIP 45431?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,570, that basic range is $1,413 to $1,727 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 45431 in?

ZIP 45431 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 45431 for FY 2027?

The two-bedroom FMR fell 1.9%, from $1,600 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 24.6%.

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