Location: Wayne County, OH | Metro: Akron, 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 | $780 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $840 | $95,018 | 0.88% | C |
| 2BR | $1,090 | $141,163 | 0.77% | D |
| 3BR | $1,310 | $198,534 | 0.66% | D |
| 4BR | $1,430 | $275,042 | 0.52% | F |
| 5BR | $1,659 | $312,632 | 0.53% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) set at $980 for zip code 44203 in Barberton, OH, for fiscal year 2024, landlords can expect to receive competitive subsidies through the Section 8 program. The Zillow Observed Rental Index (ZORI) for the area stands at $1,210, indicating that properties renting above the FMR but below this market rate will likely attract both subsidized and unsubsidized tenants. The median home value in the area is $179,037, offering a relatively affordable entry point for small-portfolio investors looking to capitalize on rental opportunities. Renter share in the community is 28.3%, suggesting a robust demand for rental properties. However, the median income of $63,759 highlights the importance of targeting properties within reach of the local tenant pool. With an average Days on Market (DOM) of 19 days, it's clear that properties in Barberton move quickly once listed, which is beneficial for timely occupancy. The low price-cut share of 0.2% indicates that properties are generally priced accurately, reducing the risk of overvaluation and subsequent financial losses. For those considering the Section 8 market, the numbers speak to a balanced opportunity where fair rents align with reasonable home values and a quick market turnover. In conclusion, Barberton presents a favorable environment for Section 8 participation, given the supportive FMR, strong rental demand, and efficient market dynamics.
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.