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 | $150,539 | 0.66% | D |
| 3BR | $1,270 | $184,771 | 0.69% | D |
| 4BR | $1,360 | $271,851 | 0.5% | F |
| 5BR | $1,578 | $350,461 | 0.45% | F |
U.S. Census Bureau data (2024)
The dynamics of ZIP 44709, located in Canton, OH, reveal a market in equilibrium, leaning slightly towards demand stability. The Fair Market Rent (FMR) for the area is set at $860 for fiscal year 2024, while the actual market rent, as indicated by Zillow's Observed Rent Index (ZORI), stands at $874. This suggests that the rental market is closely aligned with government benchmarks, indicating neither significant surplus nor shortage.
The 0.2% price-cut share is a key indicator of market health. A low price-cut share implies that landlords and property owners are generally not needing to reduce their asking rents to attract tenants, which points to a balanced market where demand meets supply. The fact that the days on market (DOM) is not available suggests that properties are moving relatively quickly, which could be another sign of a healthy rental market.
The median home value in ZIP 44709 is $184,775. This figure provides insight into the overall affordability and desirability of the area for homeownership. However, the substantial 38.7% renter share indicates that a significant portion of the population prefers or requires renting over owning. This high renter share can signal ongoing long-term housing pressure, as it suggests a continuous need for rental properties to accommodate those who cannot or choose not to purchase homes.
In summary, the market in ZIP 44709 appears to be stable, with rental prices reflecting both government standards and actual market conditions. The low price-cut share and the high proportion of renters indicate that there is a consistent demand for rental properties, which should be a consideration for landlords and small-portfolio investors looking to maintain steady occupancy rates and rental income. The presence of a large rental market also highlights the importance of maintaining competitive pricing and attractive property conditions to meet the needs of the tenant base.
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.