Location: Canton-Massillon, OH | Metro: Canton-Massillon, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,460 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $1,980 |
| 5 Bedrooms | $2,297 |
| 6 Bedrooms | $2,573 |
| 7 Bedrooms | $2,779 |
| 8 Bedrooms | $2,918 |
U.S. Census Bureau data (2024)
ZIP code 44640, located within the Canton-Massillon, OH MSA, stands out due to its unique characteristics when compared against typical ZIP codes within the same metropolitan statistical area. The Fair Market Rent (FMR) for 44640 is set at $980 for fiscal year 2024, which is a key figure for landlords and investors interested in Section 8 properties. However, the lack of available market rent and home value data presents a challenge in making direct comparisons.
The 0.0% renter share indicates that virtually no residents in 44640 rent their homes. This is an unusual statistic and suggests that homeownership is nearly universal in this ZIP code. Given this context, it's unlikely that 44640 represents a value pocket or a premium sub-market within the Canton-Massillon, OH MSA, where one would typically expect higher renter shares in areas that cater to renters, including those on Section 8 vouchers.
Despite the limitations in available data, the FMR of $980 can be considered a benchmark for rental properties in the area. If market rents were lower than this figure, it could suggest that 44640 is undervalued relative to its FMR, potentially making it attractive for Section 8 tenants. Conversely, if market rents exceed $980, it might indicate that the ZIP code is a premium sub-market where rental units are scarce and thus command higher prices.
To make a more informed assessment, additional data on market rents and home values would be necessary. However, based on the current information, 44640 appears to be predominantly a homeownership-driven community, with little relevance to the typical considerations for Section 8 real estate analysis.
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.