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 | $740 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $170,511 | 0.6% | D |
| 3BR | $1,310 | $235,355 | 0.56% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 43533, located in Lyons, OH, within the Toledo, OH MSA, reveals a competitive rental environment. The Fair Market Rent (FMR) set by HUD for this area in fiscal year 2024 is $860 per month, which is slightly below the average market rent of $870, based on the latest Census ACS data.
Voucher tenants in ZIP 43533 will cashflow at the FMR rate, but only marginally. To ensure positive cashflow, landlords should focus on premium units that can command rents closer to the market rate. The median home value in this ZIP code is $205,109, leading to a rent-to-price ratio of approximately 0.42%, indicating that the rental market is somewhat aligned with property values.
Given the limited data on days on market (DOM) and price-cut shares, it's challenging to provide insights into the rent-vs-buy dynamics. However, the fact that voucher tenants can cashflow marginally suggests that the rental market is stable and not overly saturated with homeowners looking to rent due to financial pressures.
The strongest angle for investors in this market is stability. With a slight gap between the HUD FMR and market rent, investors can expect consistent demand and steady returns without the need for significant price adjustments or prolonged vacancies.
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.