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 | $840 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,170 | $159,291 | 0.73% | D |
| 3BR | $1,490 | $219,770 | 0.68% | D |
| 4BR | $1,590 | $283,696 | 0.56% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 43465, located in Walbridge, OH, within the Toledo, OH MSA metro area, does not favor landlords. The Fair Market Rent (FMR) set at $910 for fiscal year 2024 contrasts sharply with the Census ACS-reported market rent of $1,080. This discrepancy indicates that landlords may struggle to cover costs if they adhere strictly to the FMR guidelines.
Acquisition affordability remains uncertain due to incomplete data. The median home value stands at $195,093, which could be considered moderate depending on local economic conditions. However, the lack of days on market (DOM) and percentage of homes requiring price cuts makes it difficult to assess the true cost and ease of acquiring properties. Landlords should conduct further research into recent sales trends to make informed decisions.
Tenant demand in ZIP 43465 is modest but present. With a total population of 5,451, approximately 20.0% are renters. This translates to around 1,090 potential tenants, providing a reasonable pool of prospective residents. However, given the size of the population, competition among landlords for rental properties could be significant.
Based on the analysis, ZIP 43465 presents challenges for landlords and small-portfolio investors. The gap between FMR and market rent suggests that maintaining profitability will require careful management of expenses or seeking rents above the FMR threshold. While tenant demand exists, it is limited by the small population size. Landlords must also navigate the uncertainties surrounding property acquisition costs and market dynamics. Overall, the area requires a cautious approach, with attention to detail and strategic planning essential for success.
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.