Location: Toledo, OH | Metro: Toledo, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
ZIP code 43553, located within the Toledo, OH MSA, serves as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for FY 2024 in this ZIP is set at $940, while the market rent stands at $918. This creates a positive spread of $22, indicating that properties in this area can be rented out at rates slightly above the market average when participating in the Section 8 program. This is particularly beneficial for landlords and small-portfolio investors who aim to ensure steady and reliable cash flow.
The median home value is not available for ZIP 43553, which suggests limited data on property values but does not detract from its potential as a cash-flow anchor. Given the positive spread between the FMR and market rent, landlords can expect consistent rental income without the need to heavily rely on appreciation or rapid sales cycles, which are less predictable.
With a 27.2% renter share, the ZIP offers a significant portion of tenants interested in renting, making it easier for landlords to fill vacancies. Additionally, the median income of $88,750 provides a stable economic base, reducing the risk of tenant default. Landlords should focus on maintaining properties to meet the standards required by the Section 8 program, ensuring they can continue to benefit from the guaranteed rental income.
In conclusion, ZIP 43553 is best suited as a cash-flow anchor due to its favorable spread between the FMR and market rent. This positioning allows landlords and small-portfolio investors to secure steady rental income, a critical component in building a sustainable and profitable real estate investment strategy.
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.