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 | $810 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $870 | $95,365 | 0.91% | C |
| 2BR | $1,130 | $153,908 | 0.73% | D |
| 3BR | $1,350 | $239,696 | 0.56% | F |
| 4BR | $1,490 | $306,402 | 0.49% | F |
| 5BR | $1,728 | $291,099 | 0.59% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 44266, located in Ravenna, OH, within the Akron, OH MSA, reveals key insights for potential real-estate investments. Firstly, examining the rent math, the Fair Market Rent (FMR) for the fiscal year 2024 is set at $1030, which is slightly above the market rent indicated by ZORI at $1,015. This suggests that the rent pricing is aligned closely with market expectations, offering a reasonable margin for landlords.
Secondly, regarding acquisition affordability, the median home value in the area stands at $218,373. The low Days on Market (DOM) of 6 days and a negligible 0.1% price-cut share indicate that homes are selling quickly and without significant price reductions. This points to a robust market where properties can be acquired at fair values and sold promptly if needed.
Lastly, assessing tenant demand, the population of ZIP 44266 is 32,612, with a substantial 31.3% of residents being renters. This high percentage of renters signifies a strong demand for rental properties, ensuring a steady pool of potential tenants.
In conclusion, ZIP 44266 presents a viable investment opportunity for landlords and small-portfolio investors. The rent math works favorably with slight premium over market rates, acquisitions are affordable with quick sales and minimal price adjustments, and there is ample tenant demand given the large renter population. These factors collectively support a positive outlook for rental property investments in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.