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 | $960 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,330 | $168,892 | 0.79% | D |
| 3BR | $1,700 | $265,519 | 0.64% | D |
| 4BR | $1,810 | $392,185 | 0.46% | F |
| 5BR | $2,100 | $476,967 | 0.44% | F |
U.S. Census Bureau data (2024)
The ZIP code 43528 in Holland, OH, is characterized by a moderate-sized community of 16,207 residents, where 22.7% of the population are renters. The area enjoys a relatively high standard of living, with a median household income of $93,986, which places it above the national average. The median home value stands at $288,997, reflecting a stable and desirable housing market.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 43528, as determined by the Department of Housing and Urban Development (HUD) for fiscal year 2024, is set at $1,200. This figure contrasts with the actual market rent, known as the Zillow Observed Rent Index (ZORI), which is $1,360. This gap between FMR and market rent indicates a potential challenge for landlords operating under Section 8 vouchers, as they might struggle to cover costs without additional subsidies or careful management.
Given these conditions, ZIP 43528 may not be ideal for hands-off voucher operators due to the tight margins between FMR and actual market rents. However, for hands-on value-add buyers who can identify properties with significant room for improvement or those in prime locations, there could be opportunities to increase the property's value and attract higher-paying tenants. Such investors should focus on areas with strong demand and consider renovations that can justify higher rents, thereby balancing the financial constraints posed by Section 8 vouchers.
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.