Location: Canton-Massillon, 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 | $830 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $210,560 | 0.56% | F |
| 3BR | $1,490 | $298,534 | 0.5% | F |
| 4BR | $1,600 | $396,291 | 0.4% | F |
| 5BR | $1,856 | $588,744 | 0.32% | F |
U.S. Census Bureau data (2024)
The ZIP code 44632, located in Hartville, Ohio, presents a dynamic rental market characterized by a close alignment between the Fair Market Rent (FMR) and the Zillow Observed Rental Index (ZORI). With an FMR of $930 for fiscal year 2024 and a ZORI of $925, it's evident that the rental market is stable and closely reflects the federal guidelines for affordable housing. This suggests that landlords and property managers are setting rents at levels that are both competitive and sustainable.
The median home value in Hartville is $293,324. Given the lack of specific data on price-cut shares and days on market (DOM), we can infer that the housing market is steady without significant overpricing or rapid turnover, which could indicate a balanced supply and demand scenario. However, the 21.9% renter share points to a notable segment of the population choosing to rent rather than buy. This high proportion of renters implies ongoing long-term housing pressure, as many residents prefer or are compelled to lease properties due to financial constraints or lifestyle choices.
In such a market, landlords and small-portfolio investors should be aware of the potential for sustained demand from renters. The stable rental prices suggest that there is likely a healthy equilibrium between available rental units and the number of people seeking them. However, the relatively high renter share indicates that Hartville may continue to attract individuals who find renting more suitable or affordable than purchasing a home. This could be due to factors such as employment opportunities, proximity to urban centers, or the local economy.
The dynamics of this market suggest that landlords should focus on maintaining quality properties that offer good value for the $925-$930 monthly rent range. Landlords and investors should also consider the broader implications of the high renter share, which may signal a need for more affordable housing options or amenities that cater to the needs of renters. Understanding these trends will help stakeholders make informed decisions regarding their investments and property management strategies.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.