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 | $910 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,270 | $190,117 | 0.67% | D |
| 3BR | $1,520 | $268,566 | 0.57% | F |
U.S. Census Bureau data (2024)
The ZIP code 44411 represents a residential area in Deerfield, OH, characterized by a modest population size of 2,294 residents. The neighborhood has a low rental rate at only 14.4%, indicating that it is predominantly owner-occupied. This is further supported by the median income figure of $77,560, which suggests that many households can afford to buy rather than rent. Additionally, the median home value stands at $231,071, reinforcing the idea that homeownership is accessible and preferred among the local populace.
Moving into the realm of rent economics, the Fair Market Rent (FMR) for ZIP 44411 in fiscal year 2024 is set at $1,090. However, the actual market rent, according to the Census ACS, is slightly lower at $1,016. This discrepancy highlights the potential for landlords to either participate in the Section 8 program, benefiting from a higher guaranteed rent, or operate independently, potentially adjusting rents based on market conditions.
In assessing whether this area suits a hands-off voucher operator or a hands-on value-add buyer, several factors come into play. For a hands-off operator, the Section 8 program offers a stable, government-backed income stream, with the FMR providing a benchmark for rent levels. Given the low percentage of renters and the relatively high median income, the demand for subsidized housing might be limited, making it important for such operators to focus on properties that meet the needs of qualifying tenants.
A hands-on value-add buyer would need to consider the market dynamics carefully. With a median income well above the national average, there is a solid foundation for property appreciation and potential rental increases over time. However, the low rental rate suggests that converting homes to rentals might require strategic investments in property improvements to attract tenants willing to pay market rates. This approach could be more lucrative in the long term, especially if the buyer can capitalize on the gap between the FMR and the current market rent.
Conclusion: ZIP 44411 in Deerfield, OH, presents an opportunity for both hands-off and hands-on investors. For those seeking stability and a guaranteed income, the Section 8 program offers a reliable option with the FMR of $1,090. Meanwhile, for investors willing to engage actively in property management and enhancement, the potential for higher market rents at $1,016 and the strong economic base provide a fertile ground for value creation and capital appreciation.
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.