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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $183,004 | 0.6% | D |
| 3BR | $1,400 | $236,386 | 0.59% | F |
| 4BR | $1,500 | $316,084 | 0.47% | F |
| 5BR | $1,740 | $348,790 | 0.5% | F |
U.S. Census Bureau data (2024)
The ZIP code 43616, located in Oregon, Ohio, presents an interesting balance between yield and stability for real estate investors. On the yield axis, the Fair Market Rent (FMR) for 2024 is set at $890. This figure is significantly lower than the market rent of $1,685, indicating a potential for higher returns if properties can be rented closer to market rates. However, the median home value of $227,388 suggests that the initial investment required to enter this market is moderate.
When it comes to stability, the ZIP code shows a mixed profile. The percentage of renters stands at 24.1%, which is relatively low and might indicate a preference for homeownership in the area. This could translate into fewer rental opportunities but also potentially less competition among landlords. Unfortunately, the data does not provide the number of days on market (DOM), which would have been useful in assessing how quickly rental units turn over. Lastly, the average household income of $81,829 provides insight into the economic health of the area, suggesting that residents have sufficient means to cover rental costs.
Based on these figures, ZIP 43616 leans towards being a steady-cashflow zone. While the potential for high yields exists due to the disparity between FMR and market rents, the lower percentage of renters and the moderate home values suggest a more stable environment rather than a volatile, high-risk/high-reward market. Landlords and small-portfolio investors should focus on securing rental properties at or below the FMR to ensure they are competitive, while also considering the local income levels to gauge the affordability of higher rents.
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.