Section 8 Fair Market Rent (FMR) for ZIP 43502 - 2027

Location: Williams County, OH | Metro: Toledo, OH MSA

Investment Score for ZIP 43502

F
Monthly Rent (2BR)
$1,000
Median Price (2BR)
$198,038
1% Rule
0.5%
Annual Yield
6.06%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$720
1 Bedroom$770
2 Bedrooms$1,000
3 Bedrooms$1,280
4 Bedrooms$1,490
5 Bedrooms$1,728
6 Bedrooms$1,935
7 Bedrooms$2,090
8 Bedrooms$2,195

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,000 $198,038 0.5% F
3BR $1,280 $242,457 0.53% F
4BR $1,490 $304,054 0.49% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
6,890
Median Household Income
$74,925
Housing Units
2,900
Renter Percentage
23.6%
Occupancy Rate
94.2%
Renter Occupied
646

The ZIP code 43502, located in Archbold, OH, has a population of 6,890 residents. With 23.6% of the population being renters, it suggests that while there is a significant rental market, it is not overwhelmingly dominated by renters. The median household income stands at $74,925, which provides a solid economic foundation for the area.

The typical market rent for the area is $763, representing approximately 12.3% of the median household income. This percentage indicates that rent is manageable for most households, leaving a substantial portion of income available for other expenses. However, the Fair Market Rent (FMR) for the area is set at $860 for FY 2024, which is higher than the current market rent. This discrepancy suggests that landlords might have some flexibility in adjusting their rents upward without significantly impacting the ability of tenants to pay.

In terms of voucher demand, the lower market rent compared to the FMR implies that there could be a moderate demand for housing vouchers among low-income tenants. Landlords should expect a mix of tenants, including those who rely on Section 8 vouchers due to the relatively high cost of housing relative to income, and those who can afford market rates.

A landlord in Archbold, OH, should anticipate a tenant pool that includes individuals and families with a variety of income levels. While the area is not heavily reliant on Section 8 vouchers, there will still be a segment of the population seeking affordable housing options. Given the manageable rent-to-income ratio, landlords can expect stable tenancy with tenants who are likely to be responsible and able to meet their obligations.

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.