Location: Toledo, OH | Metro: Toledo, OH MSA
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 | $870 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,540 | $153,389 | 1% | B |
U.S. Census Bureau data (2024)
The ZIP code 43437, with a population of 465, has a significant portion of its residents as renters, comprising 26.3% of the total population. This indicates that it is a moderately renter-heavy area, though not overwhelmingly so. The median household income stands at $68,750, which provides a baseline for understanding the financial capacity of potential tenants.
The market rent in this ZIP is $877, representing a substantial portion of the average income. To be precise, typical rent consumes approximately 12.8% of the median household income when calculated monthly ($68,750 annual income divided by 12 months equals $5,729.17 per month). This percentage highlights that while rent is a considerable expense, it remains manageable for most households.
Comparing the market rent to the Fair Market Rent (FMR), which is set at $1,040 for FY 2024, reveals that the market rent is below the FMR. This suggests that landlords in ZIP 43437 can potentially attract tenants with Section 8 vouchers, given that the maximum allowable rent under the voucher program is higher than the current market rate.
A landlord in ZIP 43437 should expect tenants who are likely to have a moderate income level, aligning closely with the median household income. These tenants would benefit from the rental assistance provided by Section 8 vouchers, making up for the shortfall between their income and the market rent. The combination of a moderate renter population and a market rent that is lower than the FMR indicates a viable tenant pool for those interested in participating in the Section 8 program.
To summarize, ZIP 43437 presents an opportunity for landlords looking to engage with the Section 8 tenant pool. With a significant but not overwhelming number of renters and market rents that are below the FMR, landlords can reasonably expect to find tenants who are financially stable and able to manage their housing costs effectively with the help of vouchers.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.