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 | $840 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,490 | $208,445 | 0.71% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 43565 within the Toledo, OH MSA highlights several key points for landlords and small-portfolio investors.
First, let's examine whether the rent math works. The Fair Market Rent (FMR) for ZIP 43565 in fiscal year 2024 is set at $1140. However, the market rent based on Census ACS data is lower at $927. This indicates that landlords might struggle to charge the FMR due to the prevailing market conditions. The difference suggests a potential gap of $213 per month between what the government deems fair and what the market will bear.
Second, regarding the affordability of acquisitions, the median home value in ZIP 43565 is $165,374. While this figure alone does not indicate affordability, it provides a baseline for investment costs. Unfortunately, the data for days on market (DOM) and the percentage of homes needing price cuts is not available, which would be crucial metrics for assessing how quickly and easily properties can be sold or re-sold if needed.
Third, there is a notable tenant demand. With a total population of 311, the renter share stands at 24.3%. This means that approximately 75 individuals in the area are likely seeking rental housing. Given the small population size, this demand is significant relative to the number of potential tenants available.
In conclusion, while there is a discernible tenant demand in ZIP 43565, the rent math does not align favorably with the market, suggesting that landlords should expect to charge less than the FMR to remain competitive. The median home value offers a reasonable entry point for acquisitions, but without specific data on DOM and price-cut shares, it is difficult to provide a comprehensive assessment of resale risks. Despite these challenges, the high renter share implies a steady pool of potential tenants, making it a viable option for those willing to adjust their rental pricing strategies.
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.