Section 8 Fair Market Rent (FMR) for ZIP 43551 - 2027

Investment Score for ZIP 43551

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,070
1 Bedroom	$1,140
2 Bedrooms	$1,490
3 Bedrooms	$1,900
4 Bedrooms	$2,030
5 Bedrooms	$2,355
6 Bedrooms	$2,638
7 Bedrooms	$2,849
8 Bedrooms	$2,991

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,490	$225,008	0.66%	D
3BR	$1,900	$313,549	0.61%	D
4BR	$2,030	$426,290	0.48%	F
5BR	$2,355	$586,945	0.4%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

### Market Analysis for ZIP Code 43551 (Perrysburg, OH) #### Section 8 Voucher Dynamics The Fair Market Rent (FMR) for ZIP code 43551 in Perrysburg, Ohio, for 2026 is set at $1370 for a two-bedroom unit. This represents approximately 17.2% of the median household income of $95,846. However, it is important to note that the actual rental rates in the area significantly exceed these FMR levels. For instance, the Zillow median price for a two-bedroom unit is $220,778, which translates to a monthly rent of roughly $1839.73 based on typical mortgage calculations. The price-to-FMR ratio is 13.4x, indicating that actual rents are much higher than the FMR. This means that Section 8 voucher holders face significant constraints in finding affordable housing within their budget. They would need to find units priced below $1370 per month, which is considerably lower than the market average. #### Affordability & Renter Profile With a population of 43,770, Perrysburg has a relatively high occupancy rate of 95.2%, suggesting that there is little vacancy in the rental market. Given that 34.9% of the population are renters, the demand for rental properties is strong. However, the median household income of $95,846 indicates that the majority of residents can afford higher rents, making the market competitive for those without substantial financial resources. The high price-to-FMR ratio further underscores the challenge faced by low-income renters, particularly those relying on Section 8 vouchers. The market appears to be tight, especially for affordable units, as the FMRs are well below the actual rental prices. #### Investor Angle From an investor’s perspective, the ZIP code 43551 offers potential but also challenges. The FMR for a two-bedroom unit is $1370, while the actual market rent is around $1839.73. This discrepancy suggests that investors who can secure tenants paying the FMR will likely experience negative cash flow unless they can leverage other cost-saving measures such as tax credits or subsidies. The investment grade for this ZIP code would be considered moderate due to the strong demand but limited supply of affordable units. Investors should carefully consider the balance between market rents and FMR when evaluating potential returns. #### Specific Actionable Insights 1. **Focus on Affordable Units**: Investors should prioritize developing or acquiring properties that can be rented at or near the FMR levels. A two-bedroom unit priced at $1370 per month could attract Section 8 voucher holders, although the competition for these units is fierce. To succeed, investors must ensure that their properties meet all necessary quality standards and are located in desirable areas. 2. **Consider Mixed-Income Developments**: Given the high median household income and the tight rental market, mixed-income developments could be a viable strategy. By including a mix of units priced at both FMR and market rates, investors can cater to a broader range of tenants, ensuring steady cash flow while still providing affordable options for low-income families. 3. **Utilize Tax Credits and Subsidies**: To offset the potential negative cash flow from renting at FMR, investors should explore federal and state tax credit programs designed to support affordable housing. These credits can provide significant financial benefits and help make the investment more attractive. #### Bottom Line For Section 8-focused investors, ZIP code 43551 presents a challenging environment due to the high price-to-FMR ratio and the tight rental market. While there is strong demand for rental properties, finding units that can be rented at FMR levels is difficult. Therefore, the recommendation for this ZIP code is to **Skip** unless you can develop or acquire properties specifically designed to be rented at or near the FMR. If you do choose to invest, focus on affordable units and consider leveraging tax credits and subsidies to improve financial viability.

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.