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 | $790 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $890 | $109,742 | 0.81% | C |
| 2BR | $1,130 | $146,506 | 0.77% | D |
| 3BR | $1,430 | $204,018 | 0.7% | D |
| 4BR | $1,530 | $289,348 | 0.53% | F |
U.S. Census Bureau data (2024)
The ZIP code 44647, located in Massillon, Ohio, presents a dynamic rental market that is currently in flux. The Fair Market Rent (FMR) for the area is set at $960 for the fiscal year 2024, which is significantly lower than the market rent as indicated by Zillow's ZORI index at $1,260. This discrepancy suggests that the rental market is robust, with rents higher than the government-set fair market rate.
A key indicator of market health is the price-cut share, which stands at 0.1%. This figure is notably low, implying that landlords are generally able to maintain their rental rates without needing to reduce them to attract tenants. The days on market (DOM) for properties is listed as N/A, which could indicate either a very tight market where homes are selling quickly, or a lack of recent sales activity to provide an accurate average.
The median home value in ZIP 44647 is $184,166, which is relatively modest compared to other areas. This can be a positive factor for affordability, attracting both renters and buyers who are looking for cost-effective housing options. However, it also indicates that there might be limited equity growth potential for homeowners, which could influence investment decisions.
The 19.4% renter share provides insight into the long-term housing pressures faced by the area. A significant portion of residents are renters, suggesting a consistent demand for rental properties. This high percentage of renters could point to a scenario where demand for rentals exceeds supply, leading to upward pressure on rental prices. It also highlights the importance of rental properties to the local economy, as they serve a substantial segment of the population.
In summary, the market in ZIP 44647 appears to be one where demand for rentals is strong, potentially exceeding supply, as evidenced by the higher market rents compared to FMRs and the low price-cut share. The modest median home values suggest an affordable market but may also indicate slower appreciation rates for homeowners. The dynamics of this market are favorable for landlords and small-portfolio investors who can capitalize on the high renter share and the current pricing trends.
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.