Location: Sandusky County, 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 | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $179,932 | 0.61% | D |
| 3BR | $1,310 | $228,329 | 0.57% | F |
| 4BR | $1,730 | $279,906 | 0.62% | D |
U.S. Census Bureau data (2024)
The rent math in ZIP 43416 does not work favorably for landlords. The Fair Market Rent (FMR) for the area, set at $870 for fiscal year 2024, is significantly higher than the actual market rent reported by the Census ACS, which stands at $398. This discrepancy suggests that landlords may struggle to justify higher rents to tenants based on the local market conditions.
Acquisition in ZIP 43416 is moderately affordable, with a median home value of $216,112. However, the lack of data regarding the number of days on the market (DOM) and the percentage of homes needing price cuts indicates an incomplete picture of the acquisition landscape. Landlords should proceed with caution and consider additional factors before making investment decisions.
Tenant demand in ZIP 43416 is limited. With a total population of 2,868, only 8.7% are renters, indicating a relatively small pool of potential tenants. This low renter share suggests that competition among landlords could be intense, and securing long-term tenants might prove challenging.
Verdict: Investing in ZIP 43416 presents significant challenges. The disparity between FMR and actual market rent suggests difficulty in achieving desired rental income. Acquisition costs are reasonable but without complete data, risks remain. Lastly, the low renter share implies limited tenant demand, which could affect occupancy rates and property management efforts. For landlords and small-portfolio investors, ZIP 43416 may not be a viable option for generating stable rental income.
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.