Location: Canton-Massillon, 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 | $700 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $209,259 | 0.48% | F |
| 3BR | $1,270 | $309,624 | 0.41% | F |
| 4BR | $1,360 | $416,552 | 0.33% | F |
U.S. Census Bureau data (2024)
The ZIP code 44644, located in Malvern, OH, falls within the Canton-Massillon, OH MSA. When analyzing the figures specific to this area, it becomes evident that 44644 presents a unique profile compared to the average ZIP codes within the Canton-Massillon MSA.
The Fair Market Rent (FMR) for ZIP 44644 in fiscal year 2024 is set at $860. This figure is higher than the market rent of $730, indicating a slight premium when considering government-subsidized rental rates. However, the median home value of $270,702 is relatively modest, suggesting that the area is not commanding high prices for homeownership. This juxtaposition of higher FMR and lower market rents can be indicative of an area that is attractive to tenants who benefit from subsidies such as those provided under the Section 8 program.
A notable aspect of ZIP 44644 is its renter share, which stands at 33.5%. This percentage is significant because it suggests a substantial portion of the population is renting, potentially benefiting from Section 8 vouchers. In the context of the Canton-Massillon MSA, where typical ZIP codes might have different profiles, the combination of a high renter share with a below-average home value often points to a sweet spot for Section 8 investors. It means that while there is a considerable demand for rental properties, the cost of acquiring homes is not exorbitant, making it feasible for landlords and small-portfolio investors to enter the market without incurring excessively high costs.
In summary, ZIP 44644 appears to be a value pocket within the Canton-Massillon MSA. The higher FMR relative to market rent, coupled with a significant renter share and moderate home values, makes it a promising area for those interested in Section 8 investments. Landlords and investors can expect a good balance between rental income and property acquisition costs, positioning them well within this metro area.
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.