Look at the apartment before renting and check to make sure there aren’t any major problems, like a roof leak or missing appliances. It’s important to live in a home that has been well maintained, he said.

Lykes said Oberer has not taken advantage of the market, but plenty of landlords have raised rents and not made repairs. Those who are looking for apartments right now should start early and expect it to take a while to find a place. The most active submarket is in Miamisburg and Moraine with 440 units, followed by Beavercreek and Bellbrook with 405 units, and Northeast Dayton with 308 units.Ĭobble noted the high cost of construction items, such as lumber and paint, have also contributed to the prices that some landlords are charging. Some other developers announced plans earlier this year to build market rate apartments in Huber Heights, downtown Dayton and other areas.įour properties, totaling 1,153 units, were under construction as of the second quarter of 2021, according to the CBRE study. Explore New plan for health center near UD incorporates old church Oberer has properties throughout the region and Lykes said all of them have high occupancy rates. Oberer manages about 30 properties, some of which it owns and some it manages for other owners. But it costs between 30% and 40% more to build multifamily housing today than it did two years ago. Oberer is looking at developing new apartment housing, Lykes said. If there’s a demand, why aren’t developers building more units?Ĭonstruction costs remain high, said Rusty Lykes, Oberer vice president of property management. “I feel defeated.” Explore Yellow Springs annexation would allow for 138 new homes “One place I called had availability, but not until the middle of September,” Dean said.

She said she’s been reaching out to friends in real estate, who are keeping an eye out for places. She’s lived in her current home for about six years and says she wasn’t prepared for current market prices.ĭean wants to stay in the Fairborn, Xenia or Yellow Springs area, though she’s considering other areas. She is also having a hard time finding an apartment in her $600 a month budget where she both feels safe and can take her dog, Ida. “A lot of projects have been approved in Montgomery County and the city of Dayton, and those will be energy efficient, affordable units.” Explore Memorial Day tornado two years later: Destroyed apartments remain virtually untouchedĪthena Dean, a housekeeper who lives in Fairborn, said her landlord is selling the property where she lives now. “I tell people to wait, because there will be new units coming online,” Blake said. People have moved to other parts of the region. The money is coming to replace those housing units, Blake said, especially in Trotwood, Harrison Twp. The problem has been exacerbated because so much middle-income housing was destroyed in the 2019 Memorial Day tornadoes. Explore WYSO expanding, moving into old schoolhouse owned by Dave ChappelleĪdam Blake, vice president of housing for Count圜orp, a housing solutions nonprofit that serves middle- and low-income residents, said there’s simply not enough housing in the region. Not only were people asking for $800 to $1,000 for a pet deposit - if the building even allowed dogs - she was surprised by how high the rent was and the poor condition of many of properties.Ī friend of hers ended up renting her a house in Fairborn, giving her the pet deposit for free. But her search proved harder than she’d imagined. She decided to look for a new apartment, knowing she would be able to house sit for about five months for clients of hers.

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