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 | $790 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $840 | $87,397 | 0.96% | C |
| 2BR | $1,100 | $131,936 | 0.83% | C |
| 3BR | $1,400 | $169,579 | 0.83% | C |
| 4BR | $1,500 | $196,590 | 0.76% | D |
| 5BR | $1,740 | $165,351 | 1.05% | B |
U.S. Census Bureau data (2024)
In ZIP 43611, located in Toledo, OH, there are several potential pitfalls for landlords considering Section 8 investments. Tenant turnover is a significant concern, with the market rent at $1,175 compared to the Federal Market Rent (FMR) of $950 for FY 2024. This discrepancy can lead to higher vacancy rates and increased operational costs associated with frequent turnovers. The area's average Days on Market (DOM) for rental listings is only 9 days, which suggests a relatively quick lease-up period but also indicates a competitive market where maintaining occupancy at lower FMR rates might be challenging.
Another risk factor is the potential for vacancy exposure. With a DOM of just 9 days, landlords might feel pressured to accept lower rents to secure tenants quickly. However, this strategy could backfire if the market rent significantly exceeds the FMR, leading to prolonged vacancies and financial strain. Additionally, the typical home value of $152,371 combined with a median household income of $62,042 raises concerns about deferred maintenance. Landlords may find themselves dealing with properties that have been neglected due to the financial constraints of previous owners, increasing the need for substantial repairs and maintenance.
Despite these risks, the high concentration of renters in ZIP 43611—comprising 28.2% of the population—indicates a robust demand for rental housing, including Section 8 vouchers. High renter density often translates into a larger pool of voucher holders seeking affordable housing options, thereby reducing the likelihood of extended vacancies. Moreover, the competitive market environment can work in favor of landlords who are willing to meet the FMR, as they will likely attract a steady stream of interested tenants.
Verdict: Moderate risk for a first-time Section 8 landlord in ZIP 43611, Toledo, OH.
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.