Location: Youngstown-Warren, 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 | $750 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $132,653 | 0.75% | D |
| 3BR | $1,290 | $188,638 | 0.68% | D |
| 4BR | $1,370 | $235,465 | 0.58% | F |
U.S. Census Bureau data (2024)
Investors considering properties in ZIP 44444, Newton Falls, OH, often raise several critical questions regarding the financial viability and demand for rental units. Here we address these concerns head-on, providing clarity through the available data.
Will FMR $930 (zip FY 2024) cover the mortgage on a $165,005 home?
The Fair Market Rent (FMR) of $930 for ZIP 44444 does not directly correlate to covering the mortgage on a $165,005 home. To accurately assess this, one must consider the specific terms of the mortgage, including interest rates and loan duration. However, based on historical trends, an average 30-year fixed-rate mortgage could require monthly payments ranging from $700 to $800, depending on the current interest rate environment. This suggests that the FMR could potentially cover the mortgage payment, but it leaves little room for other expenses such as property taxes, insurance, and maintenance.
Is there enough renter demand at 32.5%?
The renter occupancy rate of 32.5% might initially seem low, indicating limited demand for rental properties. However, this percentage represents the proportion of households that are renters rather than owners. In ZIP 44444, the total number of households is approximately 2,600, meaning roughly 845 households are renters. This figure, while not overwhelming, still constitutes a significant base of potential tenants. Additionally, the demand for rental properties can be influenced by factors beyond the occupancy rate, such as job growth, student populations, and economic conditions. It's important to conduct a deeper analysis of these factors to gauge the true demand.
Will vouchers keep pace with $758 market rents?
The current market rent of $758 per month in ZIP 44444 is below the FMR of $930, suggesting that voucher holders may find it easier to secure housing within their budget. However, whether vouchers will keep pace with market rents depends on federal funding levels and local housing authority policies. Historically, voucher amounts have adjusted annually to reflect changes in the cost of living and housing market conditions. While the data does not provide specific projections for voucher increases in ZIP 44444, it's reasonable to expect adjustments that maintain alignment with market rents. Landlords should monitor the Housing Choice Voucher Program updates to ensure they remain competitive and attractive to voucher recipients.
In conclusion, while the data presents a mixed picture, it highlights the need for careful consideration of all financial aspects and a thorough understanding of the local rental market dynamics before investing in ZIP 44444. The numbers suggest potential profitability but also underscore the importance of managing costs and staying informed about federal assistance programs.
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.