Location: Sandusky County, OH | Metro: Toledo, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The ZIP code 43406, located in Bradner, Ohio, within Wood County, stands out due to its unique demographic and economic characteristics. With a population of 1,619 residents, only 14.8% are renters, indicating a predominantly owner-occupied area. The median income here is $71,597, which is relatively high compared to many rural areas, and the median home value is $141,407, suggesting a moderate cost of living.
The economics of Section 8 vouchers in this ZIP code reveal an interesting disparity. The Fair Market Rent (FMR) for ZIP 43406 in fiscal year 2024 is set at $900, while the actual market rent based on Census American Community Survey data is $666. This means that landlords who accept Section 8 vouchers can potentially charge a higher rent than the market average, making it financially advantageous to participate in the program.
The data signature of ZIP 43406 suggests a stable environment. The low rental rate indicates a strong preference among residents for homeownership, which is supported by the median home value. Additionally, the higher median income provides a solid financial foundation for both homeowners and potential renters. The difference between the FMR and market rent also points to a stable market where landlords can benefit from the higher subsidy rates without overpricing their properties.
In summary, ZIP 43406 presents a stable and financially beneficial opportunity for landlords considering Section 8 vouchers. The higher subsidy rates compared to market rents make it a favorable choice, while the overall economic indicators suggest a secure and steady local economy.
Data Sources: FMR data from HUD (2027). 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.