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 | $700 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $61,240 | 1.63% | A+ |
| 3BR | $1,270 | $88,664 | 1.43% | A |
| 4BR | $1,360 | $105,992 | 1.28% | A |
U.S. Census Bureau data (2024)
The ZIP code 44704 in Canton, OH, is predominantly a renter-heavy area, with 50.4% of the population renting their homes. This indicates a significant portion of the market that could potentially utilize Section 8 housing vouchers. With a population of 3,681, there is a substantial tenant pool available, suggesting strong demand for rental properties that accept vouchers.
The median household income in ZIP 44704 stands at $31,812, which is notably lower than the Fair Market Rent (FMR) threshold for eligibility for Section 8 vouchers. The typical market rent of $787 is a significant expense relative to the median income, consuming approximately 25% of the average monthly income when considering a 12-month basis. This high rent-to-income ratio underscores the necessity for rental assistance among many residents.
Comparatively, the FMR for the area is set at $860 for FY 2024, which is slightly higher than the current market rent. This suggests that landlords who accept Section 8 vouchers could potentially receive a rent amount closer to the FMR, providing a more stable income source. However, it's important to note that voucher amounts can vary based on family size and other factors, so landlords should be prepared for some variability.
In terms of tenant profiles, landlords in ZIP 44704 should expect tenants who are likely to be dependent on rental subsidies due to the low median income. These tenants will typically include families with children, elderly individuals, and those with disabilities. Landlords must ensure they comply with all regulations and requirements associated with accepting Section 8 vouchers, including maintaining property standards and handling rent payments through the voucher program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.