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 | $830 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,150 | $98,436 | 1.17% | B |
| 3BR | $1,380 | $124,216 | 1.11% | B |
| 4BR | $1,510 | $130,174 | 1.16% | B |
| 5BR | $1,752 | $132,057 | 1.33% | A |
U.S. Census Bureau data (2024)
The classification of ZIP code 44310 in Akron, OH, reveals a market that offers moderate opportunities for both yield and stability, making it neither a high-yield/low-stability flip-style market nor a purely steady-cashflow zone.
Yield Analysis: The Fair Market Rent (FMR) for ZIP 44310 is set at $930 for fiscal year 2024. This figure contrasts with the market rent of $1,099, indicating a slight premium landlords can aim for if they manage to attract tenants willing to pay above the FMR. However, the median home value stands at $116,287, which suggests a relatively affordable market where flipping properties might not generate significant profit margins due to lower overall property values.
Stability Analysis: With 60.7% of residents being renters, there is a solid base of potential tenants, contributing to a stable rental market. The median household income of $41,066 supports the ability of residents to afford rents around the FMR level but may limit their capacity to pay much higher rates. The absence of data regarding days on market (DOM) makes it challenging to assess how quickly properties might be rented out, but given the rental rate, it's reasonable to assume a steady demand.
Based on these figures, ZIP 44310 leans towards a steady-cashflow zone rather than a high-risk/high-reward flip-style market. Landlords and small-portfolio investors can expect reliable rental income, albeit with limited upside for increasing rents significantly above the FMR. The moderate home value also implies that capital appreciation might be slower compared to more expensive markets, further supporting the notion of a stable investment environment.
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.