HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Montgomery County, Ohio (FY 2027)
$1,248 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Montgomery County, and it's the baseline every voucher in Montgomery is measured against.
Two-bedroom FMR
$1,248
-2.0% from FY 2026
Payment standard
$1,123–$1,373
90% to 110% of the FMR, two-bedroom
Income to afford
$49,920
a year, with rent at 30% of income
Rank in Ohio
20th of 88
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $909 | $818–$1,000 | $36,360 | $17.48/hr | -2.0% |
| 1 bedroom | $1,008 | $907–$1,109 | $40,320 | $19.38/hr | -0.1% |
| 2 bedroom | $1,248 | $1,123–$1,373 | $49,920 | $24.00/hr | -2.0% |
| 3 bedroom | $1,623 | $1,461–$1,785 | $64,920 | $31.21/hr | -1.7% |
| 4 bedroom | $1,774 | $1,597–$1,951 | $70,960 | $34.12/hr | -2.4% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $2,040 | $1,836–$2,244 |
| 6 bedroom Estimate | $2,306 | $2,075–$2,537 |
| 7 bedroom Estimate | $2,572 | $2,315–$2,829 |
| 8 bedroom Estimate | $2,838 | $2,554–$3,122 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
Two-bedrooms in Dayton are asking $1,013. HUD says $1,248.
That's 19% below the county FMR. Median asking rent across 17 Dayton ZIP codes with active 2BR listings. FMR includes utilities and asking rents usually don't, so the true gap is a little smaller.
No card needed
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Montgomery somewhere between $1,123 and $1,373. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,248 a month is affordable, by HUD's 30% rule, on an income of roughly $49,920 a year. Put another way, $24 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,123 | Voucher pays at 100%$1,248 | Voucher pays at 110%$1,373 |
|---|---|---|---|---|
| $2,500 | $750 | $373 | $498 | $623 |
| $4,000 | $1,200 | $0 | $48 | $173 |
Rate history
The two-bedroom rate went down 2% from FY 2026 ($1,273) to FY 2027 ($1,248). Since FY 2020 it's up 61% in total, about 7.0% a year. The Ohio median moved up 3% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $523 | $596 | $777 | $1,045 | $1,143 | — |
| FY 2021 | $563 | $647 | $836 | $1,122 | $1,214 | +7.6% |
| FY 2022 | $606 | $680 | $872 | $1,164 | $1,248 | +4.3% |
| FY 2023 | $684 | $757 | $969 | $1,271 | $1,385 | +11.1% |
| FY 2024 | $743 | $800 | $1,023 | $1,330 | $1,459 | +5.6% |
| FY 2025 | $780 | $845 | $1,077 | $1,390 | $1,537 | +5.3% |
| FY 2026 | $928 | $1,009 | $1,273 | $1,651 | $1,817 | +18.2% |
| FY 2027In effect | $909 | $1,008 | $1,248 | $1,623 | $1,774 | -2.0% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Montgomery, that runs from $909 for a studio up to $1,774 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Montgomery in with 2 other counties in the Dayton-Kettering-Beavercreek metro, Greene County, Miami County among them, and every one of them gets $1,248 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Ohio's 88 counties, Montgomery ranks 20th for two-bedroom FMR. That's about 19% above the state median of $1,048 and about 17% above the national median county at $1,063. About 536,096 people live here, 5th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,000 in 45403 (Dayton) and $1,810 in 45434 (Dayton), with the 47 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 45309 | Brookville | $1,200 | -3.8% |
| 45315 | Clayton | $1,120 | -10.3% |
| 45322 | Englewood | $1,290 | +3.4% |
| 45325 | Farmersville | $1,310 | +5.0% |
| 45327 | Germantown | $1,150 | -7.9% |
| 45342 | Miamisburg | $1,540 | +23.4% |
| 45343 | Miamisburg | $1,230 | -1.4% |
| 45345 | New Lebanon | $1,040 | -16.7% |
| 45354 | Phillipsburg | $1,320 | +5.8% |
| 45377 | Vandalia | $1,080 | -13.5% |
| 45401 | Dayton | $1,230 | -1.4% |
| 45402 | Dayton | $1,350 | +8.2% |
| 45403 | Dayton | $1,000 | -19.9% |
| 45404 | Dayton | $1,160 | -7.1% |
| 45405 | Dayton | $1,080 | -13.5% |
| 45406 | Dayton | $1,130 | -9.5% |
| 45409 | Dayton | $1,330 | +6.6% |
| 45410 | Dayton | $1,230 | -1.4% |
| 45412 | Dayton | $1,248County rate | — |
| 45413 | Dayton | $1,230 | -1.4% |
| 45414 | Dayton | $1,110 | -11.1% |
| 45415 | Dayton | $1,150 | -7.9% |
| 45416 | Dayton | $1,420 | +13.8% |
| 45417 | Dayton | $1,150 | -7.9% |
| 45419 | Dayton | $1,200 | -3.8% |
| 45420 | Dayton | $1,250 | +0.2% |
| 45422 | Dayton | $1,230 | -1.4% |
| 45423 | Dayton | $1,230 | -1.4% |
| 45424 | Dayton | $1,370 | +9.8% |
| 45426 | Dayton | $1,170 | -6.3% |
| 45428 | Dayton | $1,150 | -7.9% |
| 45429 | Dayton | $1,280 | +2.6% |
| 45430 | Dayton | $1,720 | +37.8% |
| 45432 | Dayton | $1,070 | -14.3% |
| 45434 | Dayton | $1,810 | +45.0% |
| 45435 | Dayton | $1,320 | +5.8% |
| 45437 | Dayton | $1,230 | -1.4% |
| 45439 | Dayton | $1,250 | +0.2% |
| 45440 | Dayton | $1,370 | +9.8% |
| 45441 | Dayton | $1,230 | -1.4% |
Counties sharing the Dayton-Kettering-Beavercreek metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,248 two-bedroom figure as Montgomery.
Nearby counties
Two-bedroom FMR, with how each compares to Montgomery.
Greene County
16 mi · 169,688 people
$1,248
same rate
Preble County
19 mi · 40,765 people
$1,003
-20%
Miami County
21 mi · 110,296 people
$1,248
same rate
Warren County
23 mi · 250,008 people
$1,442
+16%
Clark County
25 mi · 135,158 people
$1,160
-7%
Butler County
28 mi · 392,876 people
$1,442
+16%
Clinton County
33 mi · 42,012 people
$1,071
-14%
Darke County
35 mi · 51,594 people
$1,003
-20%
Questions people ask
$1,248 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $909 for a studio, $1,008 for one bedroom, $1,623 for three and $1,774 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Montgomery actually go for?
HUD's number is one input. Search any address in Montgomery for a rent estimate built from nearby comps. Free to start, no card.
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