Rental numbers for Montgomery County, OH
The typical home here runs -$546 a month at 7.78% with 25% down, breaking even at about 1.9%. 7 of 23 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 8.9%.
- Gross yield
- 7.6%
- typical home, Zillow
- Median ZIP yield
- 8.9%
- 23 ZIPs with full data
- Cash flow
- -$546/mo
- at 7.78%, 25% down
- Typical price
- $205,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,297/mo
- Zillow ZORI, Aug 2026
ZIP codes in Montgomery County
29 with published figures
| 45402Dayton | $79,000 | $1,443 | 21.9% | 15.0% | +$564 | +4.5% |
| 45417Dayton | $76,000 | $1,063 | 16.8% | 10.4% | +$248 | +5.8% |
| 45416Trotwood | $96,000 | $1,333 | 16.7% | 10.4% | +$310 | n/a |
| 45406Dayton | $95,000 | $1,079 | 13.6% | 7.9% | +$112 | +6.2% |
| 45405Dayton | $93,000 | $1,031 | 13.3% | 7.3% | +$65 | +4.7% |
| 45403Dayton | $105,000 | $1,106 | 12.7% | 7.2% | +$66 | +3.8% |
| 45404Dayton | $106,000 | $1,099 | 12.5% | 7.0% | +$49 | n/a |
| 45410Dayton | $133,000 | $1,255 | 11.3% | 6.3% | -$21 | +4.4% |
| 45354Phillipsburg | $166,000 | $1,460* | 10.6% | 5.7% | -$104 | n/a |
| 45439Moraine | $173,000 | $1,450 | 10.0% | 5.2% | -$176 | +7.6% |
| 45420Kettering | $171,000 | $1,313 | 9.2% | 4.4% | -$289 | +7.7% |
| 45426Trotwood | $173,000 | $1,324 | 9.2% | 4.7% | -$261 | n/a |
| 45414Dayton | $188,000 | $1,397 | 8.9% | 4.3% | -$334 | +1.6% |
| 45449West Carrollton | $193,000 | $1,418 | 8.8% | 4.2% | -$361 | +4.3% |
| 45322Englewood | $230,000 | $1,438 | 7.5% | 3.1% | -$647 | +11.3% |
| 45424Huber Heights | $228,000 | $1,290 | 6.8% | 2.8% | -$702 | -2.0% |
| 45409Oakwood | $253,000 | $1,431 | 6.8% | 2.7% | -$799 | +1.7% |
| 45345New Lebanon | $196,000 | $1,070* | 6.6% | 2.3% | -$676 | n/a |
| 45429Kettering | $277,000 | $1,413 | 6.1% | 2.0% | -$1,025 | n/a |
| 45415Clayton | $233,000 | $1,190* | 6.1% | 1.9% | -$887 | n/a |
| 45342Miamisburg | $264,000 | $1,264 | 5.7% | 1.7% | -$1,040 | +0.2% |
| 45459Dayton | $337,000 | $1,605 | 5.7% | 1.7% | -$1,329 | +3.0% |
| 45325Farmersville | $303,000 | $1,380* | 5.5% | 1.9% | -$1,153 | n/a |
| 45309Brookville | $277,000 | $1,230* | 5.3% | 1.5% | -$1,141 | n/a |
| 45327Germantown | $273,000 | $1,180* | 5.2% | 1.6% | -$1,113 | n/a |
| 45419Oakwood | $282,000 | $1,190 | 5.1% | 0.9% | -$1,311 | +6.5% |
| 45315Clayton | $291,000 | $1,212 | 5.0% | 0.9% | -$1,353 | n/a |
| 45377Vandalia | $247,000 | $993 | 4.8% | 1.0% | -$1,122 | n/a |
| 45458Centerville | $426,000 | $1,601 | 4.5% | 0.8% | -$2,001 | +2.8% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.1%
- Rent, 12 months
- +2.6%
- Rent minus price growth
- -0.5 pts
- Property tax
- 1.73%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $154,332 | $998 |
| Aug 2022 | $171,866 | $1,100 |
| Aug 2023 | $178,872 | $1,158 |
| Aug 2024 | $191,086 | $1,216 |
| Aug 2025 | $198,392 | $1,264 |
| Aug 2026 | $204,593 | $1,297 |
HUD Fair Market Rent
FY2027, Dayton-Kettering-Beavercreek, OH MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $909 | $1,008 | $1,248 | $1,623 | $1,774 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 5.3
- 1,230 units, last 12 months
- National percentile
- 50th
- among US counties
Tools
Test a listing in Montgomery County against today's rate.
Open the calculatorQuestions
- Is Montgomery County good for rental property?
- The typical home here runs -$546 a month at 7.78% with 25% down, breaking even at about 1.9%. 7 of 23 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 8.9%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Montgomery County?
- About 1.73% of value, from Census ACS median taxes paid over median home value. On a $205,000 home that is about $3,537 a year.
- What is Fair Market Rent in Montgomery County?
- HUD's FY2027 Fair Market Rent here is $1,008 for a 1-bedroom, $1,248 for a 2-bedroom and $1,623 for a 3-bedroom. Typical cash flow at today's rate is -$546 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.