Location: Canton-Massillon, OH | Metro: Canton-Massillon, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
ZIP code 44652, located within the Canton-Massillon, OH MSA, presents an interesting analysis for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area is set at $880 for fiscal year 2024, which is slightly below the market rent of $915. This indicates that while the area is somewhat affordable compared to the broader market, it still maintains a competitive position.
The absence of home value data for ZIP 44652 suggests that the area might be primarily focused on rental properties rather than homeownership, aligning with its significant renter share of 56.0%. In comparison to typical ZIP codes within the Canton-Massillon, OH MSA, where home values tend to vary but generally support a mix of renters and owners, 44652 leans heavily towards being a rental-centric neighborhood.
Given the high renter share and the lower FMR compared to the market rent, ZIP 44652 can be considered a value pocket within the Canton-Massillon, OH MSA. This designation is due to the area's affordability for tenants alongside its strong demand for rental housing. Landlords can leverage this by focusing on providing quality rental units at rates that are competitive yet slightly above the FMR to maximize returns without pricing out potential tenants.
A value pocket typically attracts a diverse tenant base, including those who may rely on Section 8 vouchers. The high percentage of renters combined with the lower FMR makes 44652 an attractive location for investors interested in Section 8 properties. However, it's important to note that the lack of home value data could also imply that the area is less desirable for homeowners, further emphasizing its role as a rental-focused neighborhood.
To summarize, ZIP 44652 is a value pocket within the Canton-Massillon, OH MSA, characterized by its high renter share and slightly below-market FMR. These factors make it a strategic investment for landlords and small-portfolio investors looking to capitalize on rental demand.
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.