Location: Canton-Massillon, OH | Metro: Canton-Massillon, OH MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $740 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
The market in ZIP 44711, located in Ohio, presents a dynamic environment for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the area has been set at $910 for fiscal year 2024, indicating a stable rental pricing benchmark for the region.
A notable absence in the data provided is the current market rent figure, which is listed as N/A. This suggests that there may be limited recent data available on actual rental prices, possibly due to a lack of active listings or reporting discrepancies. Similarly, the percentage of price-cut share, days on market (DOM), and median home value are also marked as N/A, pointing to a scarcity of comprehensive information on the rental and sales market conditions.
The unknown percentage of renters in ZIP 44711 adds another layer of complexity to understanding the housing dynamics. Typically, a higher renter share can signal persistent long-term housing pressure, as it reflects a larger population that relies on rentals rather than homeownership. Conversely, a lower renter share might suggest a more balanced market with a mix of renters and buyers. With this percentage unspecified, it's challenging to draw definitive conclusions about the relative stability or pressure within the housing market.
Given the N/A values for key metrics such as market rent, price-cut share, and DOM, it's difficult to determine whether supply currently outpaces demand or vice versa. However, the presence of an FMR figure and the absence of others imply that while there is a recognized baseline for affordable rents, the specifics regarding the competitive landscape and the speed at which properties are rented or sold remain unclear.
In summary, ZIP 44711 appears to be a market in flux, with known fair market rents but lacking in detailed market performance indicators. This ambiguity underscores the importance of local knowledge and ongoing monitoring for landlords and investors looking to navigate this area effectively.
Data Sources: FMR data from HUD (2027).
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.