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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $93,933 | 1.06% | B |
| 3BR | $1,270 | $130,998 | 0.97% | C |
| 4BR | $1,360 | $136,911 | 0.99% | C |
U.S. Census Bureau data (2024)
The ZIP code 44707, located in Canton, OH, is situated within the Canton-Massillon, OH MSA. Comparing its specific figures to the typical ZIP codes within the Canton-Massillon MSA reveals several insights.
The Fair Market Rent (FMR) for ZIP 44707 in fiscal year 2024 is set at $860. This figure is higher than the market rent of $765, indicating that federally subsidized rents are slightly above what the market naturally demands. The median home value in 44707 stands at $111,232, which is below the average home value in the Canton-Massillon MSA. Additionally, the renter share of 44.3% is notably higher than the typical share within the MSA, suggesting a significant portion of residents rely on rental housing.
Given these metrics, ZIP 44707 can be classified as a value pocket within the Canton-Massillon MSA. Its lower median home value coupled with a higher-than-average renter share points towards an area where Section 8 vouchers play a crucial role in the rental market. Landlords and small-portfolio investors should take note of the FMR being above the market rent, as it could provide a slight cushion for those accepting Section 8 tenants.
The following list summarizes key points:
The high renter share combined with below-average home values in 44707 suggests that this area is particularly attractive for Section 8 tenants. For investors and landlords looking to capitalize on federal housing assistance programs, 44707 represents a strategic location within the Canton-Massillon MSA.
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.