Location: Sandusky County, 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 | $920 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,740 |
| 5 Bedrooms | $2,018 |
| 6 Bedrooms | $2,260 |
| 7 Bedrooms | $2,441 |
| 8 Bedrooms | $2,563 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,280 | $182,468 | 0.7% | D |
| 3BR | $1,630 | $248,404 | 0.66% | D |
| 4BR | $1,740 | $293,154 | 0.59% | F |
U.S. Census Bureau data (2024)
In ZIP code 43443, which encompasses Luckey, Ohio, and part of Wood County, the economics of Section 8 vouchers are straightforward. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code is set at $970 for fiscal year 2024. This is lower than the local market rent, which stands at $1,422 according to the Census ACS data.
A landlord who accepts a Section 8 voucher will receive payment from the Housing Choice Voucher Program based on the SAFMR, not the market rent. Here's a breakdown of how the reimbursement works:
For example, if a tenant's adjusted income is $1,000 per month, they would pay $300 toward rent. The housing authority would then cover the remaining $670 to meet the SAFMR of $970. However, since the local market rent is higher at $1,422, the landlord would still have a gap of $452 that is not covered by the voucher program.
The typical reimbursement gap for a two-bedroom apartment in ZIP 43443 is thus $452 per month. This gap must be absorbed by the landlord unless they can find a way to reduce costs or increase other revenue streams. It is important to note that while SAFMR is the benchmark used for reimbursement, landlords are free to charge market rates, but the tenant is only responsible for the portion based on their income, and the government will cover up to the SAFMR limit.
Given these figures, landlords should carefully consider the financial implications of accepting Section 8 vouchers in ZIP 43443. While it provides a stable source of rental income, the reimbursement rates are significantly below the local market rent, leading to a substantial surplus that the landlord will not recover from the voucher program.
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.