Lucas County/Oregon/43616

43616

ZIPSAFMR

Lucas County, OH

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ZIP Investment Score

49Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$790	$810	8.4%
1 BR	$840	$920	7.3%
2 BR	$1,100	$1,210	7.3%
3 BR	$1,400	$1,100	5.9%
4 BR	$1,500	$1,200	6.6%
5 BR	$1,725	Not available	6.6%
6 BR	$1,984	Not available	6.6%
7 BR	$2,281	Not available	6.5%
8 BR	$2,624	Not available	6.6%

Purchase Price Calculator

Maximum purchase price

$117,889

Cost breakdown

+Likely effective rent$1,210

HUD FMR$1,100

Market rent$1,950

Est. payment standard (110%)Used$1,210

-Principal and interest-$596

Loan amount$94,311

Down payment$23,578

Rate6.50%

Term30 years

-Operating costs-$414

Property taxes-$118

Insurance-$175

Utilities$0

HOA$0

Management-$121

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$19,644(83.3% ROI)

Projected value

$126,954

Return breakdown

Property appreciation+$9,065

Loan principal paid down+$3,379

Rental cash flow+$7,200

5-year hold

+$33,517(142.2% ROI)

Projected value

$133,381

Return breakdown

Property appreciation+$15,492

Loan principal paid down+$6,026

Rental cash flow+$12,000

10-year hold

+$71,377(302.7% ROI)

Projected value

$150,908

Return breakdown

Property appreciation+$33,019

Loan principal paid down+$14,358

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.96ratio

FMR$790

Market$820

vs market-$30

FMR is near market; voucher and private rents are aligned.

0.96

1 BR

0.82ratio

FMR$840

Market$1,020

vs market-$180

FMR is below market; voucher rent may lag private rents.

0.82

2 BR

0.56ratio

FMR$1,100

Market$1,950

vs market-$850

FMR is below market; voucher rent may lag private rents.

0.56

3 BR

1.27ratio

FMR$1,400

Market$1,100

vs market+$300

FMR is above market; underwrite to market rent.

1.27

4 BR

1.25ratio

FMR$1,500

Market$1,200

vs market+$300

FMR is above market; underwrite to market rent.

1.25

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 43616 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 43616 (Oregon, OH) is $1,100 a month. That is up 7.8% from $1,020 in FY 2026. Oregon 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, 43616 is tied for the 22nd-highest two-bedroom rent (county range $1,000–$1,580). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 43616 is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 43616
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$730	$790	+8.2%	$711–$869
1BR	$780	$840	+7.7%	$756–$924
2BR	$1,020	$1,100	+7.8%	$990–$1,210
3BR	$1,310	$1,400	+6.9%	$1,260–$1,540
4BR	$1,380	$1,500	+8.7%	$1,350–$1,650

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 43616
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$790	$840	$1,100	$1,400	$1,500
FY 2026	$730	$780	$1,020	$1,310	$1,380
FY 2025	$680	$740	$970	$1,260	$1,320
FY 2024	$620	$680	$890	$1,180	$1,240
FY 2023	$580	$630	$820	$1,100	$1,190

Two-bedroom rent in nearby Lucas County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 43616
43609	$1,150	+4.5%
43610	$1,140	+3.6%
43611	$1,100	0.0%
43612	$1,210	+10.0%
43613	$1,120	+1.8%
43614	$1,070	−2.7%
43615	$1,300	+18.2%
43616Current	$1,100	—
43617	$1,310	+19.1%
43619	$1,060	−3.6%
43620	$1,000	−9.1%
43623	$1,140	+3.6%

Questions about ZIP 43616 rents

How much will Section 8 pay for a two-bedroom in ZIP 43616?

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 $1,100 it would be $990 to $1,210. 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 43616 in?

ZIP 43616 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 43616 for FY 2027?

The two-bedroom FMR rose 7.8%, from $1,020 in FY 2026 to $1,100 in FY 2027. Since FY 2023 it has risen 34.1%.

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 rent Oregon, OH fair market rent OH statewide rents What is SAFMR?Data sources