Location: Toledo, OH | Metro: Toledo, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
ZIP code 43547, located within the Toledo, OH MSA, presents a unique profile when compared to other ZIP codes in the region. The Fair Market Rent (FMR) for ZIP 43547 is set at $980 for fiscal year 2024, which is a critical figure for landlords and investors considering Section 8 properties. However, the market rent data is currently unavailable, indicating that there might be a lack of recent rental activity or reporting in this area.
The median home value in ZIP 43547 is $150,948. This figure is lower than the average home value in the Toledo, OH MSA, suggesting that this ZIP code could be considered a value pocket. Landlords and investors seeking affordable entry points into the market should find this ZIP code attractive, as it offers opportunities to purchase homes at potentially lower costs compared to the broader metro area.
With a 5.7% renter share, ZIP 43547 has a smaller proportion of renters compared to the typical ZIP code in the Toledo, OH MSA. This lower renter share could imply that homeownership is more prevalent in this area, possibly due to its affordability. However, the combination of a relatively low renter share with below-average home values does not necessarily indicate a Section 8 sweet spot, as the sweet spot typically involves a higher concentration of renters alongside affordable housing options.
In summary, ZIP 43547 appears to be a value pocket within the Toledo, OH MSA, characterized by below-average home values and a modest renter share. While it may not fit the classic profile of a Section 8 sweet spot, the affordability of housing could still present opportunities for landlords and investors looking to manage properties under the Section 8 program.
Data Sources: FMR data from HUD (2027). 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.