Location: Youngstown-Warren, OH | Metro: Youngstown-Warren, 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 | $780 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $215,722 | 0.48% | F |
| 3BR | $1,330 | $292,404 | 0.45% | F |
| 4BR | $1,410 | $462,093 | 0.31% | F |
| 5BR | $1,636 | $610,903 | 0.27% | F |
U.S. Census Bureau data (2024)
Canfield, OH, located in ZIP code 44406, is a suburban neighborhood with a total population of 22,451 residents. Only 13.5% of these residents are renters, indicating a predominantly owner-occupied community. The area enjoys a high median household income of $98,693, reflecting a prosperous environment. Median home values in Canfield stand at $317,906, which suggests that homeownership is a significant aspect of the local economy.
The economic landscape for rental properties in Canfield is defined by the Federal Market Rent (FMR) set at $880 for the fiscal year 2024, compared to the actual market rent of $844 as reported by the Census Bureau's American Community Survey (ACS). This slight premium offered by the FMR provides a modest buffer for landlords participating in the Section 8 program, ensuring a stable and predictable income stream despite the relatively low proportion of renters.
Given the characteristics of Canfield, it is well-suited for hands-off voucher operators who seek steady, government-backed rental income. The high median income and home values support a stable tenant base, reducing the risk of default and ensuring timely payments. However, the limited number of rental units and the competitive nature of the market make it less attractive for hands-on value-add buyers looking to significantly increase their property's value through improvements and higher rents.
In summary, Canfield, OH offers a secure investment opportunity for those interested in Section 8 properties, with a solid foundation of economic stability and a favorable balance between market rent and FMR. Landlords can expect reliable returns without the need for extensive property management efforts.
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.