Section 8 Fair Market Rent (FMR) for ZIP 43560 - 2027

Location: Toledo, OH | Metro: Toledo, OH MSA

Investment Score for ZIP 43560

Monthly Rent (2BR)

$1,310

Median Price (2BR)

$198,457

1% Rule

0.66%

Annual Yield

7.92%

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	$940
1 Bedroom	$1,000
2 Bedrooms	$1,310
3 Bedrooms	$1,670
4 Bedrooms	$1,780
5 Bedrooms	$2,065
6 Bedrooms	$2,313
7 Bedrooms	$2,498
8 Bedrooms	$2,623

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	$1,310	$198,457	0.66%	D
3BR	$1,670	$282,561	0.59%	F
4BR	$1,780	$395,883	0.45%	F
5BR	$2,065	$503,876	0.41%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

33,286

Median Household Income

$109,486

Housing Units

13,239

Renter Percentage

18.1%

Occupancy Rate

96.3%

Renter Occupied

2,312

Sylvania, OH, represented by ZIP code 43560, is a suburban area known for its quiet neighborhoods and proximity to Toledo. The market offers opportunities for landlords and small-portfolio investors looking to capitalize on rental properties. Here’s a detailed breakdown of key metrics that define the investment landscape:

The Fair Market Rent (FMR) for a two-bedroom apartment in Sylvania for fiscal year 2024 is set at $1140, which reflects the government's benchmark for affordable housing.
The market rent, as indicated by the Zillow Observed Rent Index (ZORI), stands at $1,979 for a typical rental property, showcasing a premium over the FMR and indicating strong demand for quality rentals.
The median home value in Sylvania is $320,219, providing a solid foundation for property values and potential appreciation.
Renters make up 18.1% of the population, suggesting a significant but not overwhelming rental market presence.
The days on market (DOM) for rentals is only 6 days, demonstrating a highly competitive environment where properties are quickly leased.
The median household income in Sylvania is $109,486, indicating a robust economic base capable of supporting higher rents and potentially lower vacancy rates.

In summary, Sylvania presents a favorable market for rental investments. The substantial gap between the ZORI and FMR highlights a strong rental demand, while the short DOM suggests swift leasing cycles. High median incomes support the ability of tenants to pay higher rents, making it an attractive location for landlords and investors seeking stable returns and potential property appreciation.

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.