Location: Columbiana County, 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 | $740 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,030 | $160,060 | 0.64% | D |
| 3BR | $1,310 | $211,835 | 0.62% | D |
| 4BR | $1,390 | $259,381 | 0.54% | F |
U.S. Census Bureau data (2024)
The market in ZIP 44657, Minerva, OH, presents a dynamic equilibrium between supply and demand, with clear indications that demand is robust. The Fair Market Rent (FMR) for the area stands at $860 for the fiscal year 2024, while the market rent, as per the Census ACS data, is slightly higher at $905. This suggests that landlords can command rents above the government-set benchmark, indicating strong tenant interest and potentially underserved demand.
The median home value of $186,608 is another key metric that reveals insights into the local real estate landscape. This figure reflects the overall health of the housing market, with values suggesting a mix of affordability and stability. However, the lack of data on the percentage of homes experiencing price cuts and the days on market (DOM) means we cannot definitively conclude if there's an oversupply of rental units. Instead, the current median home value and rent levels imply a steady state where neither supply nor demand overwhelmingly dominates.
A significant 28.4% of the population are renters, which is a substantial share of the housing market. This high renter share indicates ongoing long-term housing pressure, as a considerable portion of residents are not in a position to purchase homes. For landlords and small-portfolio investors, this translates to a consistent demand for rental properties, ensuring a stable income stream from tenants. It also signals a potential challenge in finding affordable homeownership options, which could drive continued demand for rentals even as market conditions evolve.
In summary, ZIP 44657 is characterized by a strong rental market with steady demand, supported by a median home value that suggests a balance between affordability and market stability. The high percentage of renters points to enduring housing pressures, making it a viable investment opportunity for those looking to enter the rental sector without the need for extensive speculation on future 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.