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 | $800 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,110 | $199,528 | 0.56% | F |
| 3BR | $1,420 | $272,546 | 0.52% | F |
| 4BR | $1,510 | $334,381 | 0.45% | F |
| 5BR | $1,752 | $351,226 | 0.5% | F |
U.S. Census Bureau data (2024)
The median income in ZIP 43558, which covers Swanton, Ohio, stands at $74,173. Given the market rate for rent at $945, it becomes evident that a significant portion of the income is dedicated to housing costs. This scenario presents an affordability challenge for residents, especially when considering other living expenses.
To put this into perspective, the federal payment standard for Section 8 vouchers in the area for fiscal year 2024 is set at $970, slightly above the market rate. This means that households relying on vouchers might find themselves in a position where the voucher amount exceeds the typical rent they would pay out-of-pocket. However, landlords must still contend with the realities of rental market dynamics.
With only 13.6% of the 12,675 population being renters, the competition among landlords is relatively low. Nevertheless, the affordability gap between the median income and the rent prices suggests that many potential tenants could be price-sensitive. This dynamic creates a situation where landlords must carefully balance their pricing strategies against the availability of voucher-supported tenants.
For landlords considering their strategy, the key takeaway is clear: while voucher payments are marginally higher than the market rate, the overall demand for rentals is limited. Landlords should weigh the benefits of accepting vouchers—such as guaranteed rent and reduced vacancy risk—against the possibility of attracting tenants who can pay the market rate without subsidy. In ZIP 43558, understanding the local economic conditions and the preferences of potential tenants is crucial for making informed decisions about rental pricing and tenant selection.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.