Section 8 Fair Market Rent (FMR) for ZIP 43607 - 2027

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

Investment Score for ZIP 43607

A+

Monthly Rent (2BR)

$1,080

Median Price (2BR)

$61,326

1% Rule

1.76%

Annual Yield

21.13%

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	$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

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	$1,080	$61,326	1.76%	A+
3BR	$1,380	$90,118	1.53%	A+
4BR	$1,470	$93,496	1.57%	A+
5BR	$1,705	$122,252	1.39%	A

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

19,469

Median Household Income

$41,335

Housing Units

10,415

Renter Percentage

50.8%

Occupancy Rate

83.3%

Renter Occupied

4,411

The ZIP code 43607, located in Toledo, Ohio, is a residential area that offers a mix of urban convenience and suburban comfort. This neighborhood is characterized by its affordable housing options and a significant population of renters, making it an attractive market for real estate investors looking to capitalize on rental opportunities.

The Fair Market Rent (FMR) for ZIP 43607 in fiscal year 2024 is set at $930, providing a benchmark for rental pricing that reflects the local housing market's affordability.
The actual market rent, as measured by the Zillow Observed Rental Index (ZORI), stands at $1,408, indicating that the average rent in this area exceeds the FMR, offering potential for higher rental yields.
The median home value in ZIP 43607 is $76,377, which is relatively low compared to national averages, suggesting that there are ample opportunities to purchase properties at a lower cost.
Renters make up 50.8% of the housing stock, highlighting the strong demand for rental properties in the area.
The median income for residents in ZIP 43607 is $41,335, which is below the national average, but still sufficient to support the current rental rates without overburdening tenants.
While the exact number of days on the market (DOM) for properties in ZIP 43607 is not available, the high percentage of renters and the gap between ZORI and FMR suggest a brisk pace for rental property transactions.

For investors, ZIP 43607 presents a balanced opportunity where the combination of a robust rental market, affordable home values, and a substantial renter population can be leveraged for financial gain. The disparity between the ZORI and FMR indicates a healthy premium for well-managed rental properties, while the median income supports sustainable rental prices. With half of the residents renting, there is consistent demand for rental units, ensuring steady cash flow for those who invest in quality properties.

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.