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OH/Stark County/East Canton

East Canton, OH

CitySAFMR
Stark County
Found 1 ZIP

City Median Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$710$780
1 BR$800$880
2 BR$1,020$1,090
3 BR$1,290$1,200
4 BR$1,380$1,420
5 BR$1,587Not available
6 BR$1,825Not available
7 BR$2,099Not available
8 BR$2,414Not available

Purchase Price Calculator

Maximum purchase price
$100,057

Cost breakdown

+Likely effective rent$1,090
HUD FMR$1,020
Market rent$1,120
Est. payment standard (106%)Used$1,090
-Principal and interest-$506
Loan amount$80,046
Down payment$20,011
Rate6.50%
Term30 years
-Operating costs-$384
Property taxes-$100
Insurance-$175
Utilities$0
HOA$0
Management-$109
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,761(88.8% ROI)
Projected value
$107,751
Return breakdown
Property appreciation+$7,693
Loan principal paid down+$2,868
Rental cash flow+$7,200
5-year hold
+$30,262(151.2% ROI)
Projected value
$113,205
Return breakdown
Property appreciation+$13,148
Loan principal paid down+$5,114
Rental cash flow+$12,000
10-year hold
+$64,210(320.9% ROI)
Projected value
$128,081
Return breakdown
Property appreciation+$28,024
Loan principal paid down+$12,186
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.70
1 BR
0.78
2 BR
0.91
3 BR
1.07
4 BR
0.96
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

East Canton, OH fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in East Canton, OH is $1,020 a month. That is down 4.7% from $1,070 in FY 2026. East Canton is in the Canton-Massillon, OH MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,049. The median county two-bedroom FMR in Ohio is $1,048, so East Canton is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for East Canton, OH
BedroomsFY 2027Change90–110% range
Studio$710−4.1%$639–$781
1BR$800−3.6%$720–$880
2BR$1,020−4.7%$918–$1,122
3BR$1,290−4.4%$1,161–$1,419
4BR$1,380−3.5%$1,242–$1,518

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for East Canton, OH
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$710$800$1,020$1,290$1,380
FY 2026$740$830$1,070$1,350$1,430
FY 2025$680$760$990$1,240$1,310
FY 2024$620$700$920$1,150$1,230
FY 2023$600$680$900$1,140$1,210

Questions about East Canton, OH rents

How much will Section 8 pay for a two-bedroom in East Canton, OH?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,049, which applies unless the housing authority uses Small Area FMRs, that basic range is $944 to $1,154 a month; under the ZIP-level Small Area FMR of $1,020 it would be $918 to $1,122. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is East Canton, OH in?

East Canton, OH is in the Canton-Massillon, OH MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,049.

How much did fair market rent change in East Canton, OH for FY 2027?

The two-bedroom FMR fell 4.7%, from $1,070 in FY 2026 to $1,020 in FY 2027. Since FY 2023 it has risen 13.3%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set