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Lucas County/Toledo/43615

43615

ZIPSAFMR
Lucas County, OH
Zillow

ZIP Investment Score

141High yield potential

095130300
BRFMR
Eff. Rent
0 BR$930$940
1 BR$990$1,090
2 BR$1,300$1,360
3 BR$1,660$1,560
4 BR$1,770$1,620
5 BR$2,035Not available
6 BR$2,341Not available
7 BR$2,692Not available
8 BR$3,096Not available

Purchase Price Calculator

Maximum purchase price
$140,179

Cost breakdown

+Likely effective rent$1,360
HUD FMR$1,300
Market rent$1,390
Est. payment standard (105%)Used$1,360
-Principal and interest-$709
Loan amount$112,143
Down payment$28,036
Rate6.50%
Term30 years
-Operating costs-$451
Property taxes-$140
Insurance-$175
Utilities$0
HOA$0
Management-$136
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,996(78.5% ROI)
Projected value
$150,957
Return breakdown
Property appreciation+$10,778
Loan principal paid down+$4,018
Rental cash flow+$7,200
5-year hold
+$37,586(134.1% ROI)
Projected value
$158,600
Return breakdown
Property appreciation+$18,421
Loan principal paid down+$7,165
Rental cash flow+$12,000
10-year hold
+$80,334(286.5% ROI)
Projected value
$179,441
Return breakdown
Property appreciation+$39,262
Loan principal paid down+$17,073
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.99
1 BR
0.83
2 BR
0.94
3 BR
1.06
4 BR
1.09
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 43615 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43615 (Toledo, OH) is $1,300 a month. That is up 9.2% from $1,190 in FY 2026. Toledo is in the Toledo, OH MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,145. Among 32 ZIP codes in Lucas County, 43615 has the 7th-highest two-bedroom rent (county range $1,000–$1,580). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43615 is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 43615
BedroomsFY 2027Change90–110% range
Studio$930+9.4%$837–$1,023
1BR$990+8.8%$891–$1,089
2BR$1,300+9.2%$1,170–$1,430
3BR$1,660+8.5%$1,494–$1,826
4BR$1,770+9.9%$1,593–$1,947

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 43615
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$930$990$1,300$1,660$1,770
FY 2026$850$910$1,190$1,530$1,610
FY 2025$800$860$1,130$1,470$1,540
FY 2024$730$790$1,040$1,380$1,450
FY 2023$670$740$960$1,290$1,390

Two-bedroom rent in nearby Lucas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 43615
43608$1,040−20.0%
43609$1,150−11.5%
43610$1,140−12.3%
43611$1,100−15.4%
43612$1,210−6.9%
43613$1,120−13.8%
43614$1,070−17.7%
43615Current$1,300—
43616$1,100−15.4%
43617$1,310+0.8%
43619$1,060−18.5%
43620$1,000−23.1%

Questions about ZIP 43615 rents

How much will Section 8 pay for a two-bedroom in ZIP 43615?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,145, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,031 to $1,260 a month; under the ZIP-level Small Area FMR of $1,300 it would be $1,170 to $1,430. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 43615 in?

ZIP 43615 is in the Toledo, OH MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,145.

How much did fair market rent change in ZIP 43615 for FY 2027?

The two-bedroom FMR rose 9.2%, from $1,190 in FY 2026 to $1,300 in FY 2027. Since FY 2023 it has risen 35.4%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentToledo, OH fair market rentOH statewide rentsWhat is SAFMR?Data sources