Section 8 Fair Market Rent (FMR) for ZIP 44730 - 2027

Location: Canton-Massillon, OH | Metro: Canton-Massillon, OH MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$800
2 Bedrooms	$1,020
3 Bedrooms	$1,290
4 Bedrooms	$1,380
5 Bedrooms	$1,601
6 Bedrooms	$1,793
7 Bedrooms	$1,936
8 Bedrooms	$2,033

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

6,040

Median Household Income

$70,232

Housing Units

2,722

Renter Percentage

18.6%

Occupancy Rate

96.7%

Renter Occupied

491

Housing Authorities Serving ZIP 44730

Stark Metropolitian Housing Authority (Canton, OH) - 1,861 Section 8 vouchers

East Canton, OH, located in Stark County, is a part of the larger Canton-Massillon metropolitan area. This region is characterized by its strong manufacturing base and growing healthcare sector, which contributes to a steady demand for housing.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 44730 for fiscal year 2024 is set at $920.
The average market rent for properties in this ZIP code, according to the latest Census American Community Survey (ACS), is $858.
The median home value in East Canton is $199,426, indicating a relatively affordable market for both homeowners and renters.
Renters make up 18.6% of the population, suggesting a moderate but stable rental market.
The median household income in the area is $70,232, providing tenants with a solid financial foundation to support rental payments.

The data points indicate that while the rental market in East Canton is not booming, it offers a predictable and manageable environment for landlords and small-portfolio investors. The gap between the Fair Market Rent and the actual market rent suggests potential for modest appreciation in rental values. With a median income that supports rental affordability, there's a good chance of maintaining occupancy rates. However, the relatively low renter share implies that competition for rental units could be stiff, necessitating well-maintained properties and competitive pricing to attract and retain tenants.

Data Sources: FMR data from HUD (2027). 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.