Section 8 Fair Market Rent (FMR) for ZIP 44620 - 2027

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

Investment Score for ZIP 44620

F
Monthly Rent (2BR)
$1,000
Median Price (2BR)
$234,404
1% Rule
0.43%
Annual Yield
5.12%

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$700
1 Bedroom$790
2 Bedrooms$1,000
3 Bedrooms$1,270
4 Bedrooms$1,360
5 Bedrooms$1,578
6 Bedrooms$1,767
7 Bedrooms$1,908
8 Bedrooms$2,003

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 $1,000 $234,404 0.43% F
3BR $1,270 $297,303 0.43% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
1,461
Median Household Income
$76,827
Housing Units
765
Renter Percentage
14.2%
Occupancy Rate
87.7%
Renter Occupied
95

The Fair Market Rent (FMR) for ZIP 44620, Dellroy, OH, in fiscal year 2024 is set at $890. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit. It's important to note that this is not the rent you will receive; it's the payment standard used by the Housing Choice Voucher program.

In comparison, the average rent in Dellroy, OH, according to the Census Bureau's American Community Survey (ACS), is $842. This suggests that the FMR is slightly higher than the typical market rate, which could be advantageous if you're looking to cover costs and maintain profitability.

The 14.2% share of renters in the area indicates a moderate demand for rental properties. While this percentage is lower than in many urban areas, it still suggests that there are enough potential tenants to fill your units, especially if you're targeting the Section 8 program.

If you're considering purchasing a property to use as a Section 8 rental, the median home value in ZIP 44620 is around $247,521. This figure should be factored into your investment calculations to determine whether the property is a viable acquisition based on the expected rental income.

Before making the decision to enter the Section 8 market, verify that your property meets all the necessary requirements for the Housing Choice Voucher program. This includes ensuring that the unit passes a housing quality standards (HQS) inspection and that the rent you plan to charge does not exceed the established FMR of $890.

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.