Location: Wayne County, OH | Metro: Canton-Massillon, 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 | $800 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,350 | $393,902 | 0.34% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 44624 are straightforward. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment is set at $910 per month for FY 2024. This SAFMR is specifically tailored for this ZIP code, meaning it reflects the rental rates deemed fair within the 44624 area.
Contrastingly, the local market rent for a two-bedroom unit in ZIP 44624 is reported to be $718 per month based on Census ACS data. This figure represents the average rent charged for similar units in the same area, which is significantly lower than the SAFMR.
A landlord participating in the Section 8 program receives payments from the Housing Choice Voucher program. These payments cover the difference between the local market rent and the tenant's portion, plus any utility allowances. Typically, tenants contribute 30% of their adjusted income towards rent. If we assume an average adjusted income for a tenant in ZIP 44624, they would pay around 30% of $718, which comes to approximately $215.40.
The total reimbursement for a landlord would then be the sum of the tenant's contribution and the voucher payment. Given the SAFMR of $910, the voucher would cover the remaining amount after the tenant's contribution. In this case, the voucher would pay $694.60 ($910 - $215.40).
This means that if you as a landlord charge the local market rent of $718, you would receive a total of $913.40 per month for a two-bedroom unit, including both the tenant's contribution and the voucher payment. However, since the local market rent is below the SAFMR, the actual reimbursement would be capped at the market rent of $718.
To summarize, the typical reimbursement gap or surplus for a two-bedroom apartment in ZIP 44624 is a surplus of $192. This surplus is calculated by subtracting the local market rent ($718) from the SAFMR ($910), indicating that landlords could potentially earn above the local market rate when participating in the Section 8 program.
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.