Section 8 Fair Market Rent (FMR) for ZIP 44427 - 2027

Location: Columbiana County, OH | Metro: Canton-Massillon, OH MSA

Investment Score for ZIP 44427

Monthly Rent (2BR)

$1,090

Median Price (2BR)

$172,078

1% Rule

0.63%

Annual Yield

7.6%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$810
1 Bedroom	$880
2 Bedrooms	$1,090
3 Bedrooms	$1,390
4 Bedrooms	$1,450
5 Bedrooms	$1,682
6 Bedrooms	$1,884
7 Bedrooms	$2,035
8 Bedrooms	$2,137

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,090	$172,078	0.63%	D
3BR	$1,390	$249,076	0.56%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,451

Median Household Income

$N/A

Housing Units

685

Renter Percentage

10.8%

Occupancy Rate

89.5%

Renter Occupied

The ZIP code 44427, encompassing Kensington, Ohio, presents a stable yet modest real estate market. With a mix of single-family homes and rental properties, the area offers opportunities for both homeowners and investors looking to enter the market at a reasonable price point.

Fair Market Rent (FMR): The FMR for ZIP 44427 has been set at $860 for fiscal year 2024, indicating the average cost of renting a two-bedroom apartment in the area.
Market Rent: According to Census ACS data, the actual market rent in the area stands slightly higher at $916, reflecting a slight premium over the FMR.
Median Home Value: The median home value in ZIP 44427 is $216,962, suggesting that property values are accessible for many potential buyers.
Renter Share: Renter share in the area is relatively low at 10.8%, which means that the majority of residents are homeowners, potentially limiting the demand for rental properties.
Days on Market (DOM): Unfortunately, the data does not provide a specific figure for days on market, making it difficult to assess how quickly properties typically sell.
Median Income: The median income for the area is also not specified, which could be critical for understanding the economic stability and purchasing power of the local population.

For investors, the real estate market in Kensington, Ohio, offers a blend of affordability and stability. The Fair Market Rent and market rent figures indicate a competitive but not overly saturated rental market. However, the low renter share suggests that there might be limited opportunities for rental investments compared to areas with higher proportions of renters. The absence of specific days on market and median income data leaves some uncertainty about the speed of property sales and the financial health of the community, respectively. Nonetheless, the modest median home value makes Kensington a viable option for those seeking to invest in a less expensive market. Investors should consider these factors carefully when deciding whether to pursue rental or homeownership investment opportunities 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.