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 |
|---|---|---|---|---|
| 2BR | $1,170 | $132,269 | 0.88% | C |
| 3BR | $1,490 | $188,609 | 0.79% | D |
| 4BR | $1,590 | $285,499 | 0.56% | F |
| 5BR | $1,844 | $399,967 | 0.46% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 43606 in Toledo, OH, reveals a market that leans towards steady cash flow rather than high-yield/low-stability. The Federal Market Rent (FMR) for the fiscal year 2024 is set at $980, slightly below the market rent of $987, indicating a modest rental environment. The median home value stands at $191,112, which provides a reasonable investment base.
The key factor supporting steady cash flow is the significant portion of renters, comprising 44.1% of the population. This high percentage of renters suggests a consistent demand for rental properties, which is crucial for long-term stability. Additionally, the Days on Market (DOM) average is 36 days, which is relatively low and points to a quick turnover of rental units, reducing vacancy rates and increasing the reliability of rental income.
The average income in ZIP 43606 is $66,917, which is an important indicator of the financial health of the tenants. This figure supports the ability of residents to pay their rent consistently, thereby enhancing the stability of rental income. However, it also implies that there might be a limit to how much higher rents can go without potentially affecting the ability of some tenants to pay.
Given these figures, the market in ZIP 43606 does not exhibit characteristics of a high-yield/low-stability flip-style market. Instead, it presents a balanced scenario where yields are moderate but stable, making it suitable for landlords and small-portfolio investors looking for reliable, long-term returns.
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.