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Summit County/Akron/44306

44306

ZIPSAFMR
Summit County, OH
Zillow

ZIP Investment Score

120Above average

095130300
BRFMR
Eff. Rent
0 BR$810$830
1 BR$870$960
2 BR$1,120$1,010
3 BR$1,340$1,250
4 BR$1,470$1,420
5 BR$1,690Not available
6 BR$1,944Not available
7 BR$2,236Not available
8 BR$2,571Not available

Purchase Price Calculator

Maximum purchase price
$88,169

Cost breakdown

+Likely effective rent$1,010
HUD FMR$1,120
Market rentUsed$1,010
Est. payment standard (94%)$1,050
-Principal and interest-$446
Loan amount$70,535
Down payment$17,634
Rate6.50%
Term30 years
-Operating costs-$364
Property taxes-$88
Insurance-$175
Utilities$0
HOA$0
Management-$101
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,506(93.6% ROI)
Projected value
$94,948
Return breakdown
Property appreciation+$6,779
Loan principal paid down+$2,527
Rental cash flow+$7,200
5-year hold
+$28,093(159.3% ROI)
Projected value
$99,755
Return breakdown
Property appreciation+$11,586
Loan principal paid down+$4,507
Rental cash flow+$12,000
10-year hold
+$59,433(337.0% ROI)
Projected value
$112,864
Return breakdown
Property appreciation+$24,695
Loan principal paid down+$10,738
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.96
1 BR
0.85
2 BR
1.11
3 BR
1.07
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 44306 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44306 (Akron, OH) is $1,120 a month. That is down 5.1% from $1,180 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, 44306 is tied for the 39th-highest two-bedroom rent (county range $1,000–$1,850). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44306 is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44306
BedroomsFY 2027Change90–110% range
Studio$810−3.6%$729–$891
1BR$870−5.4%$783–$957
2BR$1,120−5.1%$1,008–$1,232
3BR$1,340−6.9%$1,206–$1,474
4BR$1,470−5.8%$1,323–$1,617

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44306
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$810$870$1,120$1,340$1,470
FY 2026$840$920$1,180$1,440$1,560
FY 2025$760$830$1,070$1,320$1,420
FY 2024$690$770$980$1,230$1,310
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. 44306
44301$1,240+10.7%
44302$1,000−10.7%
44303$1,090−2.7%
44304$1,170+4.5%
44305$1,190+6.3%
44306Current$1,120—
44307$1,090−2.7%
44308$1,560+39.3%
44309$1,220+8.9%
44310$1,150+2.7%
44311$1,040−7.1%
44312$1,210+8.0%

Questions about ZIP 44306 rents

How much will Section 8 pay for a two-bedroom in ZIP 44306?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,120, that basic range is $1,008 to $1,232 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 44306 in?

ZIP 44306 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 44306 for FY 2027?

The two-bedroom FMR fell 5.1%, from $1,180 in FY 2026 to $1,120 in FY 2027. Since FY 2023 it has risen 20.4%.

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