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 | $740 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,340 |
| 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 |
|---|---|---|---|---|
| 1BR | $840 | $80,091 | 1.05% | B |
| 2BR | $1,060 | $104,532 | 1.01% | B |
| 3BR | $1,340 | $186,978 | 0.72% | D |
| 4BR | $1,440 | $191,207 | 0.75% | D |
U.S. Census Bureau data (2024)
The classification of ZIP 44706 in Canton, Ohio, on the axes of yield and stability reveals a nuanced investment landscape. For yield, the Fair Market Rent (FMR) for the fiscal year 2024 stands at $920, while the market rent is slightly higher at $942. This indicates a relatively modest premium for landlords who can secure market rates. The median home value in the area is $156,725, which suggests that properties are accessible to many investors. However, the FMR is lower than the market rent, implying that there is potential to generate above-average rental yields if market rents can be achieved.
Moving to stability, the ZIP code has a significant portion of its residents as renters—32.3% of the population. While this figure alone does not indicate stability or volatility, it suggests a substantial demand for rental housing. The lack of data on days on market (DOM) makes it difficult to assess how quickly properties are rented out, but the average household income of $58,228 provides insight into the financial health of potential tenants. This income level supports the idea that there is a stable base of renters capable of paying the market rate of $942 per month.
Based on these figures, ZIP 44706 leans towards being a steady-cashflow zone rather than a high-yield/low-stability market. The modest difference between FMR and market rent, combined with a notable percentage of renters and a reasonable median income, points toward an environment where landlords can expect reliable returns without the risks associated with highly volatile markets. Investors should focus on securing properties that can command the higher market rent to maximize their cash flow, while also considering the local economy's impact on tenant stability.
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.