Section 8 Fair Market Rent (FMR) for ZIP 44216 - 2027

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

Investment Score for ZIP 44216

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$211,525

1% Rule

0.47%

Annual Yield

5.67%

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	$720
1 Bedroom	$780
2 Bedrooms	$1,000
3 Bedrooms	$1,210
4 Bedrooms	$1,320
5 Bedrooms	$1,531
6 Bedrooms	$1,715
7 Bedrooms	$1,852
8 Bedrooms	$1,945

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	$1,000	$211,525	0.47%	F
3BR	$1,210	$272,347	0.44%	F
4BR	$1,320	$386,114	0.34%	F
5BR	$1,531	$550,833	0.28%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

9,465

Median Household Income

$98,776

Housing Units

3,673

Renter Percentage

6.7%

Occupancy Rate

96.4%

Renter Occupied

236

Clinton, Ohio, located in ZIP code 44216, is a small suburban community characterized by its quiet streets and family-friendly environment. The area offers a mix of single-family homes and rental properties, catering to a diverse range of residents.

The Fair Market Rent (FMR) for Clinton, Ohio, in fiscal year 2024 is set at $990, providing a benchmark for rental pricing in the area.
The actual market rent, according to the latest Census American Community Survey (ACS), stands at $832, indicating that the current rental rates are below the FMR, suggesting potential for growth.
The median home value in Clinton, Ohio, is $275,903, which reflects a stable housing market with moderate appreciation over time.
Renters make up only 6.7% of the population, highlighting a predominantly owner-occupied market. This low renter share could present challenges for landlords looking to find tenants.
The median household income in the area is $98,776, suggesting that residents have a relatively high earning capacity, which can support higher rents and property values.

In summary, Clinton, Ohio, offers a modest but steady rental market with room for growth, given the gap between the FMR and current market rents. However, the low renter share indicates that competition for tenants might be fierce, requiring landlords to maintain high-quality properties to attract and retain renters. The strong median income supports the potential for increasing rents and property values over time, making it a viable investment option for those willing to invest in quality improvements and marketing efforts.

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.