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 | $930 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,160 | $204,787 | 0.57% | F |
| 3BR | $1,550 | $266,272 | 0.58% | F |
| 4BR | $1,920 | $296,418 | 0.65% | D |
U.S. Census Bureau data (2024)
The potential risks for investing in Section 8 properties in ZIP 43532, Liberty Center, OH, must be carefully considered. Tenant turnover is a significant concern, as the market rent of $1,073 is notably higher than the Fair Market Rent (FMR) set at $970 for fiscal year 2024. This disparity can lead to tenants seeking more affordable housing options, increasing the likelihood of frequent moves. Additionally, vacancy exposure remains uncertain due to the lack of available Days on Market (DOM) data, which makes it difficult to predict how quickly a property might be rented out. The deferred maintenance risk is also considerable, considering the typical home value of $242,245 and the median income of $88,074. Landlords should expect that tenants may not have the financial capacity to maintain homes to high standards, potentially leading to costly repairs and upkeep.
Despite these challenges, there are mitigating factors that reduce the overall risk. The renter share in Liberty Center is 13.4%, indicating a relatively high concentration of renters. High renter density typically correlates with greater demand for housing vouchers, suggesting a steady stream of Section 8 tenants. This demand helps ensure that vacancies are less likely to occur over extended periods, stabilizing rental income.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.