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 | $820 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,460 | $54,797 | 2.66% | A+ |
| 4BR | $1,550 | $88,099 | 1.76% | A+ |
U.S. Census Bureau data (2024)
The Section 8 program's financial impact in ZIP code 43610 is determined by the disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2024, the FMR stands at $890, while the Census American Community Survey (ACS) indicates that the market rent is $1,007. This creates a gap of $117 per month, representing approximately 13% of the market rent.
Given that the FMR is less than the market rent, landlords and small-portfolio investors must consider the implications of accepting housing vouchers. The cost of renting to voucher tenants at rates below the open-market value means a landlord could lose $117 per unit each month compared to renting at the market rate. Over a year, this amounts to a significant $1,404 per unit in potential revenue loss.
To anchor this analysis, it's essential to understand the broader context of ZIP 43610. The area has a rental population comprising 41.2% of residents, indicating a substantial demand for rental properties. Additionally, the median home value is $61,334, which is relatively low, suggesting that many residents may rely on assistance programs such as Section 8 to afford housing. The median income of $46,469 further supports this, as it places a significant portion of the population within the eligibility range for housing vouchers.
Investors should weigh these factors carefully when deciding whether to participate in the Section 8 program. While the program provides a steady stream of income through government subsidies, it also comes with the trade-off of lower rents compared to the open market. This makes the decision to accept Section 8 vouchers a strategic one, dependent on the investor's goals and the specific characteristics of their portfolio.
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.