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 | $780 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $273,004 | 0.4% | F |
| 3BR | $1,380 | $351,759 | 0.39% | F |
| 4BR | $1,470 | $467,249 | 0.31% | F |
| 5BR | $1,705 | $541,898 | 0.31% | F |
U.S. Census Bureau data (2024)
A skeptical investor looking into ZIP 43571, Whitehouse, OH, might have several concerns regarding the feasibility of investing in this area. Let's address these objections directly with the available data.
Objection 1: Will Fair Market Rent (FMR) of $1020 for ZIP 43571 in fiscal year 2024 cover the mortgage on a $381,382 home?
The FMR of $1020 in ZIP 43571 for fiscal year 2024 does not directly correlate to covering the mortgage on a $381,382 home. The FMR represents the maximum amount that HUD will pay for rental housing in the area, which is typically for units that are modestly priced. A home valued at $381,382 is likely a single-family residence, and the mortgage payment would depend on factors such as interest rates, loan terms, and down payment. However, using the FMR as a guideline for rental pricing can help ensure that the property remains affordable to renters in the area. To accurately assess whether the FMR covers the mortgage, an investor should calculate the expected monthly mortgage payment based on current interest rates and compare it to the FMR.
Objection 2: Is there enough renter demand at 16.4%?
The percentage of renter-occupied housing units in ZIP 43571 is 16.4%. This figure suggests that the majority of residents in the area own their homes rather than renting. For an investor, this could indicate a lower demand for rental properties. However, it's important to consider that the overall number of households in the area is also significant. If the total number of households is high, even a relatively low percentage of renters can translate into a substantial number of potential tenants. Additionally, the 16.4% figure does not account for the mobility of the population or changes in economic conditions that could affect homeownership rates. An investor should look at trends in the local economy and housing market to gauge future demand for rentals.
Objection 3: Will vouchers keep pace with $910 market rents?
The current market rent in ZIP 43571 is $910, and investors may wonder if the Housing Choice Voucher Program (commonly known as Section 8) will be able to cover this cost. The FMR of $1020 indicates that the voucher program is designed to support rents up to this level. However, the actual rent paid by voucher holders is often lower due to caps set by HUD. In ZIP 43571, landlords accepting vouchers may find that the rent subsidy does not fully cover the market rate of $910, especially considering that voucher payments are adjusted annually based on HUD guidelines. Therefore, while the voucher program aims to keep pace with market rents, it may not always fully cover them. Landlords should be prepared to accept slightly lower rents when participating in the voucher program.
These points highlight the challenges and considerations for investing in ZIP 43571. While the data provides a snapshot of the current situation, it is essential to monitor ongoing trends and economic conditions for a comprehensive understanding of investment 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.