Section 8 Fair Market Rent (FMR) for ZIP 44056 - 2027

Location: Akron, OH | Metro: Akron, OH MSA

Investment Score for ZIP 44056

Monthly Rent (2BR)

$1,850

Median Price (2BR)

$290,931

1% Rule

0.64%

Annual Yield

7.63%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,330
1 Bedroom	$1,430
2 Bedrooms	$1,850
3 Bedrooms	$2,220
4 Bedrooms	$2,430
5 Bedrooms	$2,819
6 Bedrooms	$3,157
7 Bedrooms	$3,410
8 Bedrooms	$3,581

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,850	$290,931	0.64%	D
3BR	$2,220	$301,544	0.74%	D
4BR	$2,430	$441,597	0.55%	F
5BR	$2,819	$539,520	0.52%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

12,152

Median Household Income

$101,285

Housing Units

4,878

Renter Percentage

9.6%

Occupancy Rate

95.3%

Renter Occupied

445

The Macedonia, OH area, represented by ZIP code 44056, offers a stable real estate market with opportunities for both landlords and small-portfolio investors. The region's economic conditions, coupled with housing dynamics, present a favorable environment for rental investments. Here is a detailed market analysis based on key metrics:

Fair Market Rent (FMR) for 2024: The FMR for ZIP 44056 is set at $1,560, indicating the maximum amount that a low-income family should pay for a decent-quality rental unit.
Market Rent: According to recent Census American Community Survey (ACS) data, the average market rent in Macedonia, OH is $2,190, which is higher than the FMR, suggesting a robust demand for rental properties.
Median Home Value: The median home value in the area stands at $337,223, reflecting a moderate housing market where property values are neither excessively high nor low.
Renter Share: Only 9.6% of households in Macedonia, OH are renters, implying a relatively smaller pool of potential tenants compared to areas with higher renter shares.
Days on Market (DOM): The data for days on market is currently unavailable, but this metric would be crucial for understanding how quickly rental properties can be filled.
Median Income: The median household income in Macedonia, OH is $101,285, which is above the national average and suggests a higher likelihood of residents being able to afford higher rents.

In summary, Macedonia, OH presents a mixed opportunity for real estate investors. With a median income significantly above the national average, there is a strong financial base supporting the ability to pay higher rents. However, the relatively low renter share indicates a smaller pool of potential tenants, which could affect occupancy rates. Landlords and small-portfolio investors should focus on properties that align with the higher market rent of $2,190, while also considering the FMR of $1,560 for subsidized housing options. Given the moderate median home value, investing in rental properties could provide steady returns, especially if targeting the upper-income segment of the market.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.