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 |
To classify ZIP 44767 in Unknown, OH, we must rely on the available data points for a thorough analysis. The Fair Market Rent (FMR) for the area as of the fiscal year 2024 is set at $910. This figure is critical for understanding the potential rental income in the area.
The lack of specific market rent and home value figures complicates a direct comparison with FMR. However, the presence of an FMR suggests that the government has identified a need for subsidized housing in this area, which can be indicative of a market where rental income is relatively stable due to the guaranteed nature of these subsidies.
Stability metrics such as the percentage of renters, days on market (DOM), and median income are not provided. Without these figures, it's challenging to assess the risk associated with the area's economic conditions and the ability of residents to pay rent consistently.
Given the limited data, ZIP 44767 appears to be a zone that leans towards providing steady cash flow rather than being a high-yield/low-stability flip-style market. The reliance on FMR indicates a segment of the population that benefits from government assistance, which can contribute to predictable and stable rental income. However, without knowing the exact percentage of renters and the local median income, it's impossible to definitively state the stability level.
To conclude, ZIP 44767 seems to offer a moderate yield opportunity based on the FMR, but the stability cannot be fully assessed without additional data. Landlords and small-portfolio investors should consider this area for its potential to provide consistent rental income, especially if they are willing to engage with the Section 8 program. Further investigation into local economic indicators would be necessary to make a more precise determination regarding the stability of the market.
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.