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 | $1,030 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,440 | $353,492 | 0.41% | F |
| 3BR | $1,840 | $398,406 | 0.46% | F |
| 4BR | $1,960 | $528,230 | 0.37% | F |
| 5BR | $2,274 | $692,469 | 0.33% | F |
U.S. Census Bureau data (2024)
ZIP code 43542, located in Monclova, OH, part of the Toledo, OH MSA, serves as a solid cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for a one-bedroom apartment in this ZIP code for fiscal year 2024 is set at $1060, which is below the market rate of $1,233. This creates a $173 spread that landlords can leverage to ensure steady cash flow.
The median home value in ZIP 43542 is $440,317, indicating a relatively stable housing market. However, the primary focus for Section 8 landlords should be on rental properties, where the guaranteed income from the program can offset any potential risks associated with market fluctuations. The fact that the FMR is lower than the market rent means that landlords can potentially receive higher rents from non-Section 8 tenants while still maintaining a reliable income stream from those participating in the program.
While there is no specific data provided regarding price-cut shares or days on market (DOM), these factors typically influence appreciation plays. In this case, the lack of such data suggests that appreciation is not a significant factor in ZIP 43542. Instead, the focus should remain on the stable cash flow that Section 8 provides.
The 6.0% renter share indicates that the majority of residents in this area own their homes, making it less likely a primary target for large-scale rental investments. However, for a diversified portfolio, this low renter share can be beneficial, as it suggests a strong owner-occupied market that supports property values. Additionally, the median income of $148,657 is relatively high, which could attract a mix of renters who might prefer the area due to its proximity to higher-income neighborhoods or employment opportunities.
In conclusion, ZIP 43542 stands out as a cash-flow anchor in a Section 8 portfolio strategy. The $173 difference between the FMR and market rent ensures that landlords can maintain a positive cash flow, even when some units are occupied by Section 8 tenants. This stability is crucial for landlords and small-portfolio investors looking to balance risk and reward in their investment strategies.
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.