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 | $940 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,010 | $124,909 | 0.81% | C |
| 2BR | $1,300 | $183,937 | 0.71% | D |
| 3BR | $1,560 | $258,391 | 0.6% | D |
| 4BR | $1,710 | $326,970 | 0.52% | F |
| 5BR | $1,984 | $421,477 | 0.47% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 44319 in Akron, OH, for fiscal year 2024 is set at $1100. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, the government will pay up to $1100 per month for a unit in this area. It's important to note that this is not the amount you should set your rent; it's the maximum reimbursement you can receive from the Housing Choice Voucher program.
To put this into context, the average rent for a two-bedroom apartment in ZIP 44319 is $1,151 according to recent Census American Community Survey (ACS) data. This indicates that the FMR is slightly below the market rate, suggesting that landlords might need to adjust their expectations on the reimbursement side.
The rental market in ZIP 44319 has a strong demand, with 26.4% of households being renters. This means that there are plenty of potential tenants who could benefit from Section 8 vouchers, ensuring a steady stream of interested applicants. However, it also implies competition among landlords to attract these tenants.
If you're looking to acquire a property in this area, the median home value stands at $239,923. This figure provides a benchmark for the typical price range of homes in ZIP 44319, helping you gauge the investment cost relative to potential rental income.
Before proceeding with your first Section 8 rental, it is crucial to verify that your property meets the minimum housing quality standards known as Housing Quality Standards (HQS). These standards ensure that the rental units are safe, decent, and sanitary. Failure to meet these requirements can result in disqualification from the program, so it's essential to conduct a thorough inspection and make any necessary repairs before submitting your application.
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.