Section 8 Fair Market Rent (FMR) for ZIP 44210 - 2027

FY 2027 Fair Market Rent Rates

To integrate ZIP 44210 into a Section 8 portfolio strategy, focus on it as an appreciation play. Although the specific data points such as the market rental rates, median home values, and price-cut shares are not available, the Fixed Monthly Rent (FMR) for ZIP 44210 in fiscal year 2024 stands at $1040. This figure is crucial for understanding the potential for property value growth.

The FMR is set by HUD and represents the maximum amount that can be charged for a Section 8 voucher. In ZIP 44210, this $1040 FMR indicates a government-backed demand level for rental properties. When comparing this FMR to the broader market trends, even without exact market figures, the implication is that properties in this ZIP code have a solid floor for their rental value. As the area develops and rental demands increase, properties could see their market values rise, surpassing the FMR.

Akron, OH MSA metro areas often experience cycles of redevelopment and urban renewal projects which can drive up property values over time. ZIP 44210, being part of the Akron MSA, benefits from these regional trends. Investing in properties here can serve as an appreciation play, where the initial lower rental income is offset by the potential for significant capital gains as the area improves.

In conclusion, ZIP 44210 should be considered as an appreciation play within a Section 8 portfolio strategy. The $1040 FMR provides a stable base for rental income, while the broader trends in the Akron MSA suggest that property values in this ZIP code have the potential to grow, making it a worthwhile investment for those looking to capitalize on long-term value increases.

Data Sources: FMR data from HUD (2027).

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.