Skip to main content
Loading page
OH/Summit County/North Canton

North Canton, OH

CitySAFMR
Summit County
Found 1 ZIP

City Median Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$830$810
1 BR$930$900
2 BR$1,180$1,240
3 BR$1,490$1,610
4 BR$1,600$1,760
5 BR$1,840Not available
6 BR$2,116Not available
7 BR$2,433Not available
8 BR$2,798Not available

Purchase Price Calculator

Maximum purchase price
$122,347

Cost breakdown

+Likely effective rent$1,240
HUD FMR$1,180
Market rent$1,270
Est. payment standard (105%)Used$1,240
-Principal and interest-$619
Loan amount$97,878
Down payment$24,469
Rate6.50%
Term30 years
-Operating costs-$421
Property taxes-$122
Insurance-$175
Utilities$0
HOA$0
Management-$124
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,114(82.2% ROI)
Projected value
$131,754
Return breakdown
Property appreciation+$9,407
Loan principal paid down+$3,507
Rental cash flow+$7,200
5-year hold
+$34,331(140.3% ROI)
Projected value
$138,424
Return breakdown
Property appreciation+$16,077
Loan principal paid down+$6,253
Rental cash flow+$12,000
10-year hold
+$73,168(299.0% ROI)
Projected value
$156,615
Return breakdown
Property appreciation+$34,268
Loan principal paid down+$14,901
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.02
1 BR
1.03
2 BR
0.93
3 BR
0.89
4 BR
0.82
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

North Canton, OH fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in North Canton, OH is $1,180 a month. That is down 2.5% from $1,210 in FY 2026. North Canton is in the Akron, OH MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Ohio is $1,048, so North Canton is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for North Canton, OH
BedroomsFY 2027Change90–110% range
Studio$830−1.2%$747–$913
1BR$930−1.1%$837–$1,023
2BR$1,180−2.5%$1,062–$1,298
3BR$1,490−2.0%$1,341–$1,639
4BR$1,600−1.2%$1,440–$1,760

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for North Canton, OH
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$830$930$1,180$1,490$1,600
FY 2026$840$940$1,210$1,520$1,620
FY 2025$740$830$1,070$1,340$1,420
FY 2024$680$770$1,000$1,260$1,330
FY 2023$650$740$970$1,230$1,310

Questions about North Canton, OH rents

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

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,180, that basic range is $1,062 to $1,298 a month. 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 North Canton, OH in?

North Canton, OH is in the Akron, OH MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

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

The two-bedroom FMR fell 2.5%, from $1,210 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 21.6%.

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