Location: Akron, 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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,430 | $139,345 | 1.03% | B |
| 2BR | $1,850 | $303,497 | 0.61% | D |
| 3BR | $2,220 | $413,311 | 0.54% | F |
| 4BR | $2,430 | $589,777 | 0.41% | F |
| 5BR | $2,819 | $770,268 | 0.37% | F |
U.S. Census Bureau data (2024)
The ZIP code 44236, located in Hudson, OH, within Summit County, stands out due to its unique demographic and economic profile. With a population of 25,941 residents, only 10.5% rent their homes, indicating a strong preference for homeownership among local residents. The median household income in this area is $168,595, reflecting a prosperous community. Furthermore, the median home value is notably high at $532,207, suggesting that homeownership is a significant investment for those living in Hudson.
Turning to the economics of Section 8 vouchers, the Fair Market Rent (FMR) for ZIP 44236 in fiscal year 2024 is set at $1,420, which is significantly lower than the market rate represented by the Zillow Rent Index (ZORI) at $2,424. This disparity highlights the challenge faced by landlords and small-portfolio investors who may find the rental rates covered by Section 8 vouchers insufficient to meet market demands. However, it also presents an opportunity for property owners willing to participate in the program, as they can offer affordable housing options to low-income families while still receiving government-subsidized rents.
Based on the available data, the ZIP code 44236 appears to be a stable area, characterized by a robust economy and a high median income. The relatively low percentage of renters suggests that the local housing market is primarily driven by homeowners rather than tenants. While the gap between FMR and market rent rates may indicate some transitional pressures, the overall economic indicators point towards a steady environment where long-term investments in real estate are likely to be rewarded.
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.