Skip to main content
Loading page
Summit County/Akron/44303

44303

ZIPSAFMR
Summit County, OH
Zillow

ZIP Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$780$710
1 BR$840$850
2 BR$1,090$1,100
3 BR$1,310$1,250
4 BR$1,430$1,370
5 BR$1,644Not available
6 BR$1,891Not available
7 BR$2,175Not available
8 BR$2,501Not available

Purchase Price Calculator

Maximum purchase price
$101,543

Cost breakdown

+Likely effective rent$1,100
HUD FMR$1,090
Market rent$1,100
Est. payment standard (101%)Used$1,100
-Principal and interest-$513
Loan amount$81,234
Down payment$20,309
Rate6.50%
Term30 years
-Operating costs-$387
Property taxes-$102
Insurance-$175
Utilities$0
HOA$0
Management-$110
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,918(88.2% ROI)
Projected value
$109,351
Return breakdown
Property appreciation+$7,808
Loan principal paid down+$2,910
Rental cash flow+$7,200
5-year hold
+$30,534(150.3% ROI)
Projected value
$114,887
Return breakdown
Property appreciation+$13,344
Loan principal paid down+$5,190
Rental cash flow+$12,000
10-year hold
+$64,808(319.1% ROI)
Projected value
$129,984
Return breakdown
Property appreciation+$28,441
Loan principal paid down+$12,367
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.10
1 BR
0.98
2 BR
0.99
3 BR
1.05
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44303 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44303 (Akron, OH) is $1,090 a month. That is down 2.7% from $1,120 in FY 2026. Akron is in the Akron, OH MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 49 ZIP codes in Summit County, 44303 is tied for the 41st-highest two-bedroom rent (county range $1,000–$1,850). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44303 is 4% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44303
BedroomsFY 2027Change90–110% range
Studio$780−2.5%$702–$858
1BR$840−3.4%$756–$924
2BR$1,090−2.7%$981–$1,199
3BR$1,310−4.4%$1,179–$1,441
4BR$1,430−3.4%$1,287–$1,573

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44303
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$780$840$1,090$1,310$1,430
FY 2026$800$870$1,120$1,370$1,480
FY 2025$730$800$1,030$1,270$1,370
FY 2024$670$750$950$1,190$1,270
FY 2023$640$730$930$1,170$1,250

Two-bedroom rent in nearby Summit County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44303
44301$1,240+13.8%
44302$1,000−8.3%
44303Current$1,090—
44304$1,170+7.3%
44305$1,190+9.2%
44306$1,120+2.8%
44307$1,0900.0%
44308$1,560+43.1%
44309$1,220+11.9%
44310$1,150+5.5%
44311$1,040−4.6%
44312$1,210+11.0%

Questions about ZIP 44303 rents

How much will Section 8 pay for a two-bedroom in ZIP 44303?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,090, that basic range is $981 to $1,199 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 ZIP 44303 in?

ZIP 44303 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 ZIP 44303 for FY 2027?

The two-bedroom FMR fell 2.7%, from $1,120 in FY 2026 to $1,090 in FY 2027. Since FY 2023 it has risen 17.2%.

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

County fair market rentAkron, OH fair market rentOH statewide rentsWhat is SAFMR?Data sources