Location: Holmes County, OH | Metro: Canton-Massillon, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
U.S. Census Bureau data (2024)
The market in ZIP 44689 presents a dynamic equilibrium between rental and homeownership options, with the Fair Market Rent (FMR) set at $910 for the fiscal year 2024, while the actual market rent hovers slightly lower at $769 according to the Census ACS. This indicates that rental prices are competitive, reflecting a balance between supply and demand.
A median home value of $226,036 suggests that homeownership is accessible to many residents, but the lack of data on price-cut shares and days on market (DOM) makes it challenging to definitively conclude whether supply outpaces demand or vice versa. However, the gap between FMR and market rent implies that landlords and property managers may have some flexibility in pricing, which could indicate a slight oversupply or a landlord preference for occupancy over premium rents.
The 37.1% renter share highlights a significant portion of the population choosing to rent rather than buy. This high percentage of renters signals persistent long-term housing pressure, as a substantial number of residents find renting more suitable due to financial constraints, lifestyle choices, or uncertainty about future stability. It also points to an ongoing need for rental properties, which can be a stable investment opportunity for landlords and small-portfolio investors.
In summary, ZIP 44689's rental market shows signs of a balanced environment, with rental prices being competitive and homeownership remaining a viable option for many. The high renter share underscores the enduring demand for rental properties, making this area a potentially lucrative investment for those looking to capitalize on the housing dynamics.
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.