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 | $920 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,450 | $256,617 | 0.57% | F |
U.S. Census Bureau data (2024)
The median income in ZIP code 43445 stands at $82,670. Given this figure, it's crucial to assess whether households can afford the local rental market rates. Unfortunately, the specific market rate for this area is not available (N/A), which complicates a direct comparison. However, we do know the Fair Market Rent (FMR) set by HUD for voucher payments in this ZIP code for fiscal year 2024 is $1040. This means that any rental property priced above this amount would require tenants to contribute additional funds out-of-pocket, assuming they are using a voucher.
The ZIP code has a relatively low percentage of renters at just 1.3% of the total population of 801. This indicates a highly competitive environment for landlords, as there are fewer potential tenants compared to owner-occupied homes. The affordability gap between the median income and the FMR suggests that while some households might be able to afford higher rents, others will be constrained by the voucher payment standards.
Landlords must consider these factors when deciding on their rental strategies. Properties priced at or below the FMR of $1040 are more likely to attract tenants who rely on vouchers. However, landlords should also be aware that the low percentage of renters could mean a smaller pool of voucher users. To maximize occupancy and returns, landlords may want to offer properties at various price points, catering both to those who can pay cash and those who depend on voucher assistance.
The takeaway for landlords is to balance their offerings carefully. By having units that fit within the FMR, they ensure accessibility to tenants with vouchers, while also maintaining a mix of higher-priced units for those without vouchers but capable of paying more. This dual strategy allows landlords to navigate the competitive landscape effectively and capitalize on the diverse financial situations of potential tenants in ZIP code 43445.
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.