Location: Henry 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 | $740 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $186,916 | 0.55% | F |
| 3BR | $1,310 | $237,046 | 0.55% | F |
| 4BR | $1,490 | $253,646 | 0.59% | F |
U.S. Census Bureau data (2024)
The investment landscape in ZIP 43515, located in Delta, OH, presents several challenges for first-time Section 8 landlords. Firstly, tenant turnover is likely to be higher due to the gap between the market rent of $942 and the Fair Market Rent (FMR) of $860 for fiscal year 2024. This discrepancy can lead to frequent changes in occupancy as tenants seek more affordable housing options. Secondly, vacancy exposure is a significant concern given that the days on market (DOM) data is currently unavailable, which suggests potential difficulties in finding and retaining tenants. Additionally, landlords must be prepared for deferred maintenance exposure, considering the typical home value of $217,584 and the median income of $69,536. The lower median income may result in tenants being less able to contribute to the upkeep of properties, increasing the financial burden on landlords.
However, these risks are somewhat mitigated by the high renter density in the area. With an 18.0% renter share, there is a strong likelihood of consistent demand for rental properties, particularly those accepting Section 8 vouchers. High renter concentration typically correlates with higher demand for subsidized housing, which can stabilize occupancy rates and reduce vacancy periods.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.