ZIP 43431 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 43431 in the Toledo, OH MSA FMR area.

Toledo, OH MSA

$700Efficiency

$8401 bedroom

$1,0002 bedrooms

$1,2503 bedrooms

$1,3204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$700	$630	$770	$822
1 bedroom	$840	$756	$924	$875
2 bedrooms	$1,000	$900	$1,100	$1,145
3 bedrooms	$1,250	$1,125	$1,375	$1,461
4 bedrooms	$1,320	$1,188	$1,452	$1,558

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Sandusky County, OH

$700Efficiency

$8401 bedroom

$1,0002 bedrooms

$1,2503 bedrooms

$1,3204 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$700	$630	$770	$698
1 bedroom	$840	$756	$924	$838
2 bedrooms	$1,000	$900	$1,100	$1,003
3 bedrooms	$1,250	$1,125	$1,375	$1,233
4 bedrooms	$1,320	$1,188	$1,452	$1,324

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 43431

$63,854average adjusted gross income per tax return (2022)

$47,246average salaries and wages per return

2,290tax returns filed

19%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	24.9%
$25,000 to $50,000	25.3%
$50,000 to $75,000	19.7%
$75,000 to $100,000	12.2%
$100,000 to $200,000	14.8%
$200,000 or more	3.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 10.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 43431?

HUD's FY2027 Small Area FMRs for ZIP 43431 (Toledo, OH MSA) are $700 efficiency, $840 one bedroom, $1,000 two bedrooms, $1,250 three and $1,320 four bedrooms.

What payment standard can a housing authority set in ZIP 43431?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $900 to $1,100.

How affordable is rent in ZIP 43431?

Tax returns filed from ZIP 43431 reported an average adjusted gross income of $63,854 (2022). A two-bedroom unit at the Small Area FMR costs $12,000 a year, or 19% of that income.