Location: Harrison County, OH | Metro: Canton-Massillon, 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 | $850 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,510 | $209,317 | 0.72% | D |
U.S. Census Bureau data (2024)
The ZIP code 43988 encompasses a small community with a total population of 2,457 residents. This area is characterized by a modest rental market, with 22.2% of the population being renters. The median household income here stands at $67,174, indicating a middle-class community where many families might be eligible for housing assistance programs. The median home value in the region is $164,376, reflecting an affordable residential market.
Moving into the specifics of the rental market, the Fair Market Rent (FMR) for ZIP 43988 in fiscal year 2024 is set at $900. In comparison, the Census American Community Survey (ACS) reports the average market rent to be $985. This difference suggests that landlords participating in the Section 8 program can expect slightly lower rents compared to the market rate, but still receive a stable and government-backed income stream.
Given these economic factors, ZIP 43988 is well-suited for a hands-off voucher operator. Landlords who prefer not to actively manage their properties will find the Section 8 program provides a reliable source of tenants and rent payments. However, for those interested in a hands-on approach, there's potential for value-add strategies. Improving property conditions or offering amenities could attract market-rate tenants willing to pay above the FMR, thereby increasing profitability.
In summary, ZIP 43988 presents a balanced opportunity for Section 8 investors. Whether you choose to adopt a passive management style or engage in proactive property improvements, the financial landscape supports both hands-off and value-add investment strategies.
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.