Section 8 Fair Market Rent (FMR) for ZIP 44643 - 2027

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

Investment Score for ZIP 44643

F
Monthly Rent (2BR)
$1,060
Median Price (2BR)
$189,484
1% Rule
0.56%
Annual Yield
6.71%

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$760
1 Bedroom$830
2 Bedrooms$1,060
3 Bedrooms$1,330
4 Bedrooms$1,470
5 Bedrooms$1,705
6 Bedrooms$1,910
7 Bedrooms$2,063
8 Bedrooms$2,166

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 $1,060 $189,484 0.56% F
3BR $1,330 $247,346 0.54% F
4BR $1,470 $313,198 0.47% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
3,896
Median Household Income
$84,773
Housing Units
1,585
Renter Percentage
21.4%
Occupancy Rate
97.8%
Renter Occupied
331

ZIP code 44643, located in Magnolia, OH, sits within the Tuscarawas County, OH metro. Its Federal Market Rent (FMR) for fiscal year 2024 is set at $860, slightly below the market rent of $906. This indicates that the area is somewhat affordable compared to other parts of the county, making it a value pocket rather than a premium sub-market. The median home value stands at $232,682, which is lower than the typical home values found in many ZIP codes across Tuscarawas County. This suggests that property owners in 44643 might have an advantage in terms of lower acquisition costs.

The renter share in ZIP 44643 is 21.4%, which is notably higher than the average for the county. This high percentage of renters combined with below-average home values can be a strong indicator of a Section 8 sweet spot. Landlords and small-portfolio investors should take note of the potential for subsidized housing opportunities here, as the higher renter share could mean a greater demand for rental properties eligible for Section 8 assistance.

To summarize, ZIP 44643 presents itself as a value pocket within the Tuscarawas County metro. With its below-average FMR and home values, coupled with a higher-than-average renter share, it offers a unique opportunity for those interested in Section 8 properties. The lower median home value also means that investors can potentially acquire properties at a discount, while still benefiting from the proximity to the county's larger market rents.

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.