Location: Wyandot County, OH | Metro: Wyandot County, OH
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $166,189 | 0.6% | D |
| 3BR | $1,300 | $215,344 | 0.6% | D |
| 4BR | $1,320 | $233,386 | 0.57% | F |
U.S. Census Bureau data (2024)
The investment risk assessment for ZIP code 43351 in Ohio, focusing on Section 8 properties, reveals several critical factors that could impact a landlord's financial stability. Tenant turnover is a significant concern when considering the market rent of $810 versus the Fair Market Rent (FMR) of $970 for the fiscal year 2026, which is based on metro area standards. The lower market rent suggests that landlords might face higher turnover rates as tenants seek properties that better match their voucher allowances.
Vacancy exposure is another issue, especially since the average days on market (DOM) is not available. This lack of data makes it difficult to predict how long a property might remain vacant, increasing the risk of lost rental income. Additionally, the typical home value in the area is $203,515, while the median household income stands at $67,606. This income-to-home-value ratio indicates that homeowners in the area may be financially stretched, leading to potential deferred maintenance issues. Landlords should be prepared to address any necessary repairs promptly to avoid health and safety violations, which can result in fines and legal complications.
However, these risks must be weighed against the high renter share in ZIP 43351, which is 28.9%. A high proportion of renters typically correlates with a greater demand for housing vouchers, providing a steady stream of potential tenants who can afford the rent through government assistance. This factor can mitigate some of the risks associated with vacancy and turnover, as landlords are likely to find qualified tenants quickly.
In conclusion, despite the challenges posed by tenant turnover, vacancy exposure, and the potential for deferred maintenance, the high renter density in ZIP 43351 suggests a moderate risk environment for a first-time Section 8 landlord. While there are inherent risks, the robust demand for subsidized housing can provide a stable tenant base, making the investment viable with careful management.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.