Section 8 Fair Market Rent (FMR) for ZIP 44750 - 2027

FY 2027 Fair Market Rent Rates

The economics of Section 8 housing in ZIP code 44750, located in Canton-Massillon County, Ohio, revolve around the Subsidized Average Fair Market Rent (SAFMR) which is specifically set for this ZIP code. For a two-bedroom apartment, the SAFMR for fiscal year 2024 is $910. This figure represents the maximum amount that the federal government will subsidize per month for a rental unit in this area under the Housing Choice Voucher program.

The voucher program works by covering the difference between what a low-income tenant can afford and the actual rent. A tenant's contribution towards rent is typically 30% of their adjusted income. For example, if a tenant has an adjusted monthly income of $1,000, they would contribute $300 toward the rent. The remaining balance is then covered by the Section 8 subsidy up to the $910 limit.

In addition to the base rent, there are utility allowances that vary depending on the type of utilities included in the lease. These allowances are designed to cover the cost of utilities such as electricity, gas, water, and sewer. If the lease includes all utilities, the allowance might be higher, but it still needs to fit within the overall SAFMR cap.

To illustrate, let's assume a two-bedroom apartment is leased at the SAFMR of $910. If the tenant contributes $300 based on their income, the government would pay the landlord the remaining $610. However, if the tenant's income is lower, say $800, their contribution would be $240, leaving the government to pay $670. It's important to note that the total rent cannot exceed the $910 SAFMR regardless of the tenant's income.

The reimbursement gap or surplus is the difference between the SAFMR and the local market rent. Since the local market rent data is currently unavailable, we cannot provide a precise figure for the gap or surplus in ZIP 44750. However, landlords should compare the SAFMR to the prevailing market rates in their area to determine whether they are receiving more or less than the market would otherwise dictate.

In summary, for a two-bedroom apartment in ZIP 44750, the landlord can expect to receive a total of $910 per month from the combination of tenant payment and government subsidy, assuming the market rent does not exceed this amount. Landlords must ensure that the rent charged is reasonable and does not exceed the SAFMR to avoid penalties and maintain compliance with the program.

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.