Section 8 Fair Market Rent (FMR) for ZIP 44807 - 2027

Location: Seneca County, OH | Metro: Huron County, OH

Investment Score for ZIP 44807

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$150,103

1% Rule

0.67%

Annual Yield

7.99%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$770
2 Bedrooms	$1,000
3 Bedrooms	$1,210
4 Bedrooms	$1,370
5 Bedrooms	$1,589
6 Bedrooms	$1,780
7 Bedrooms	$1,922
8 Bedrooms	$2,018

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,000	$150,103	0.67%	D
3BR	$1,210	$193,230	0.63%	D
4BR	$1,370	$232,775	0.59%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,244

Median Household Income

$87,356

Housing Units

997

Renter Percentage

16.9%

Occupancy Rate

95.0%

Renter Occupied

160

The ZIP code 44807, encompassing Attica, OH, presents a unique blend of rural charm and suburban convenience, situated within the broader Akron, OH metro area. This region offers investors an opportunity to engage with a stable housing market, characterized by modest rents and homeownership values.

Fair Market Rent (FMR) for the Akron, OH metro area for fiscal year 2026 is set at $970. This figure provides a benchmark for rental pricing, indicating the maximum amount that can be charged for a unit under the Section 8 program.
The market rent for the area, according to Census ACS data, is $658. This reflects the actual average rent paid by tenants in the area, suggesting a gap between market rates and the FMR.
The median home value in ZIP 44807 stands at $173,537. This represents a relatively affordable entry point for property investment, especially when considering the lower market rent.
Renters make up 16.9% of the population in this ZIP code. This indicates a smaller demand for rental properties compared to areas with higher renter shares, but still significant enough to warrant attention.
The median income for residents in ZIP 44807 is $87,356. This suggests that while there is a reasonable level of income among residents, it may not translate directly into high rental demand given the lower renter share.
The number of days on the market (DOM) is not available for this specific ZIP code. However, this metric would typically help gauge how quickly properties are being sold, which could influence decisions on whether to focus on rentals or sales.

In summary, ZIP 44807 offers a balanced market with opportunities for both rental and property value appreciation. The gap between the Fair Market Rent and the actual market rent implies potential for increasing rental income without exceeding tenant affordability. Given the median income and modest median home value, there's a foundation for steady growth in property values, though the lower renter share might suggest focusing more on homeownership opportunities than rentals. For landlords and small-portfolio investors, this area presents a solid investment with room for strategic growth and diversification.

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.