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 | $780 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,360 | $252,769 | 0.54% | F |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 44651 in Canton-Massillon, OH MSA, reveals that the HUD Fair Market Rent (FMR) for FY 2024 is set at $870. However, the current market rent data is not available, making direct comparisons challenging. Based on the HUD FMR alone, it's clear that voucher tenants will generally cashflow in this area, though the extent depends on the unit type and condition.
To derive the rent-to-price ratio, we can use the median home value of $220,818. Assuming a typical rental property value is around half of the median home value, the average rental property value would be approximately $110,409. Using a conservative 1% monthly rental yield, the expected monthly rent would be $1,104, which is significantly higher than the $870 FMR. This suggests that voucher tenants will only cashflow in premium units or those priced below the average market rate.
The lack of specific market rent data and days on market (DOM) figures makes it difficult to provide precise insights into the speed of property sales and the percentage of price cuts. Nonetheless, the absence of these metrics does not detract from the fundamental analysis of cashflow potential based on the HUD FMR.
The strongest investor angle in ZIP 44651 is likely stability. Given the established HUD FMR and the context of a mature market, investors can expect consistent, reliable returns through steady cashflow from well-managed properties, especially those that cater to voucher tenants.
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.