Location: Seneca 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 | $750 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,050 | $160,326 | 0.65% | D |
| 3BR | $1,330 | $181,588 | 0.73% | D |
| 4BR | $1,420 | $195,735 | 0.73% | D |
U.S. Census Bureau data (2024)
To determine if you should buy a property in ZIP 43457 (Risingsun, OH) for Section 8, follow this decision tree:
1) Does the Fair Market Rent (FMR) of $950 cover the debt service on a property valued at $158,381?
No. The FMR of $950 does not sufficiently cover the debt service on a property valued at $158,381. This means that the rental income would not be adequate to meet the financial obligations associated with owning the property.
It depends. If your property's value is lower than $158,381, then the FMR of $950 might cover the debt service. However, for the given property value, it does not provide sufficient coverage.
Yes. Not applicable for the given property value.
2) Is the market rent of $853 above, at, or below the FMR?
Below. The market rent of $853 is below the FMR of $950. This suggests that properties in this area are generally rented for less than the maximum allowable rent under Section 8 guidelines.
3) Are there enough renters and days on the market (DOM) to sustain demand?
Yes. With 24.8% of the population being renters, there is a significant portion of the market that could potentially benefit from Section 8 housing. Additionally, the N/A for DOM indicates either an insufficient number of listings to track DOM accurately or that properties sell quickly without spending much time on the market, suggesting strong demand.
No. Not applicable due to the N/A status for DOM.
It depends. While the percentage of renters is substantial, the lack of data regarding DOM makes it difficult to predict how quickly a property can be rented out once it becomes available.
In conclusion, if you're considering a property valued at $158,381, the answer is No. The FMR does not cover the debt service, and the market rent is below the FMR. However, if your target property is valued lower, or if you are interested in the rental market dynamics alone, the answer shifts to It depends. There is a considerable rental market presence, but the exact speed of demand fulfillment remains unclear due to the missing DOM data.
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.