Location: Toledo, OH | Metro: Ottawa County, OH HUD Metro FMR Area
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 | $860 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,190 | $154,939 | 0.77% | D |
| 3BR | $1,480 | $281,441 | 0.53% | F |
| 4BR | $1,710 | $366,113 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 43412, located in Curtice, OH, falls within the Toledo, OH MSA metro area. Analyzing the data provided, we can draw several conclusions about its position relative to other ZIP codes in the Toledo, OH MSA.
The Fair Market Rent (FMR) for ZIP 43412 in fiscal year 2024 is set at $1130. This figure is higher than the market rent of $872, indicating that the government's estimate for reasonable rental costs exceeds what the market currently demands. This suggests that 43412 might be slightly overvalued compared to its actual rental market performance.
The median home value in ZIP 43412 is $197,558, which is relatively low compared to the average home values in the Toledo, OH MSA. This points towards 43412 being a value pocket within the larger metro area, offering homeownership opportunities at a lower cost than many neighboring areas.
The renter share in ZIP 43412 is 8.0%, which is a key metric for landlords and small-portfolio investors. This percentage is notably lower than the typical renter share in the Toledo, OH MSA, where it is usually higher. However, given the disparity between the FMR and the market rent, and the lower home values, 43412 could still present an attractive opportunity for those interested in Section 8 properties.
A divergence worth noting is the combination of a lower home value with a below-average market rent but a higher-than-average FMR. This scenario often indicates a potential sweet spot for Section 8 housing, as the government subsidy can make up the difference between the market rate and the higher FMR, benefiting both tenants and landlords.
In summary, ZIP 43412 appears to be a value pocket within the Toledo, OH MSA. Its lower home values and market rents suggest affordability, while the higher FMR provides a financial buffer for landlords participating in the Section 8 program. The relatively low renter share does not detract from this conclusion, as it aligns with the overall trend of homeownership in the area.
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.