Location: Tuscarawas County, OH | Metro: Canton-Massillon, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
The classification of ZIP code 44626 (East Sparta, OH) on the axes of yield and stability reveals a moderate scenario that leans towards a steady-cashflow zone rather than a high-yield/low-stability market.
Yield Analysis: The Fair Market Rent (FMR) for ZIP 44626 in fiscal year 2024 is set at $950. This figure is slightly below the market rent of $956, indicating a modest potential for rental income. However, when compared to the median home value of $199,994, the yield is relatively low. A property valued at $199,994 generating a monthly rent of $950 suggests a rental yield of approximately 5.7%, which is considered average in the real estate investment landscape.
Stability Analysis: The stability of the market can be gauged by several factors including the percentage of renters, days on market (DOM), and median household income. In ZIP 44626, 12.6% of the population are renters, which is a low figure, suggesting a less volatile rental market. The absence of data on days on market indicates either a very stable market where properties sell quickly, or a lack of recent activity. Median household income stands at $78,929, providing insight into the economic health of the area. This income level supports the ability of residents to pay rent, contributing to the stability of the rental market.
Conclusion: Given the relatively low rental yield and the indicators of stability such as the low percentage of renters and decent median income, ZIP 44626 appears to be a steady-cashflow zone. While it may not offer the highest returns on investment, the stability of the rental market ensures consistent income without significant risk. Landlords and small-portfolio investors seeking a balanced approach should consider this ZIP code as it offers reliable cash flow without the high volatility associated with higher-yield markets.
Data Sources: FMR data from HUD (2027). 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.