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 | $870 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,210 | $99,930 | 1.21% | A |
| 3BR | $1,540 | $127,010 | 1.21% | A |
| 4BR | $1,650 | $145,493 | 1.13% | B |
U.S. Census Bureau data (2024)
The ZIP code 43612 in Toledo, OH, presents a dynamic rental market that is currently balanced but leans towards a slight favor of tenants. The Fair Market Rent (FMR) set at $1040 for the fiscal year 2024 closely aligns with the market rent, known as the Zillow Observed Rent Index (ZORI), which stands at $1,036. This parity suggests that the rental market is reflecting government guidelines, indicating a stable environment.
A key indicator of tenant leverage is the low price-cut share at 0.2%, implying that landlords are less likely to reduce rents to attract tenants. However, the days on market (DOM) figure of 19 days is relatively short, suggesting that properties are moving quickly once listed, indicative of active demand.
The median home value of $117,053 is notably lower compared to national averages, which could contribute to the high renter share of 45.4%. This significant percentage of renters signals a substantial long-term housing pressure, as many residents find homeownership unattainable or prefer renting over buying. Such a high renter share can stabilize the local rental market, as it ensures a consistent pool of potential tenants.
In summary, while the current snapshot of ZIP 43612 shows a market that is not heavily skewed towards either an oversupply or undersupply of rentals, the dynamics point towards a tenant-friendly environment due to the high renter share and the brisk pace at which rental properties are occupied. Landlords should be aware of these conditions and adjust their strategies accordingly to remain competitive and attractive to the local rental market.
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.