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Summit County/Akron/44319

44319

ZIPSAFMR
Summit County, OH
Zillow

ZIP Investment Score

106Above average

095130300
BRFMR
Eff. Rent
0 BR$940$870
1 BR$1,010$1,110
2 BR$1,300$1,270
3 BR$1,560$1,660
4 BR$1,710$1,880
5 BR$1,966Not available
6 BR$2,261Not available
7 BR$2,601Not available
8 BR$2,991Not available

Purchase Price Calculator

Maximum purchase price
$126,805

Cost breakdown

+Likely effective rent$1,270
HUD FMR$1,300
Market rentUsed$1,270
Est. payment standard (99%)$1,280
-Principal and interest-$641
Loan amount$101,444
Down payment$25,361
Rate6.50%
Term30 years
-Operating costs-$429
Property taxes-$127
Insurance-$175
Utilities$0
HOA$0
Management-$127
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$20,585(81.2% ROI)
Projected value
$136,555
Return breakdown
Property appreciation+$9,750
Loan principal paid down+$3,634
Rental cash flow+$7,200
5-year hold
+$35,144(138.6% ROI)
Projected value
$143,468
Return breakdown
Property appreciation+$16,663
Loan principal paid down+$6,481
Rental cash flow+$12,000
10-year hold
+$74,960(295.6% ROI)
Projected value
$162,321
Return breakdown
Property appreciation+$35,516
Loan principal paid down+$15,444
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.08
1 BR
0.78
2 BR
1.02
3 BR
0.91
4 BR
0.77
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44319 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44319 (Akron, OH) is $1,300 a month. That is down 3.0% from $1,340 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, 44319 has the 17th-highest two-bedroom rent (county range $1,000–$1,850). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44319 is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44319
BedroomsFY 2027Change90–110% range
Studio$940−2.1%$846–$1,034
1BR$1,010−2.9%$909–$1,111
2BR$1,300−3.0%$1,170–$1,430
3BR$1,560−4.9%$1,404–$1,716
4BR$1,710−3.9%$1,539–$1,881

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44319
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$940$1,010$1,300$1,560$1,710
FY 2026$960$1,040$1,340$1,640$1,780
FY 2025$850$930$1,200$1,480$1,600
FY 2024$770$860$1,100$1,380$1,470
FY 2023$740$840$1,070$1,350$1,440

Two-bedroom rent in nearby Summit County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44319
44308$1,560+20.0%
44309$1,220−6.2%
44310$1,150−11.5%
44311$1,040−20.0%
44312$1,210−6.9%
44313$1,250−3.8%
44314$1,120−13.8%
44316$1,220−6.2%
44319Current$1,300—
44320$1,130−13.1%
44321$1,690+30.0%
44325$1,270−2.3%

Questions about ZIP 44319 rents

How much will Section 8 pay for a two-bedroom in ZIP 44319?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,300, that basic range is $1,170 to $1,430 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 44319 in?

ZIP 44319 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 44319 for FY 2027?

The two-bedroom FMR fell 3.0%, from $1,340 in FY 2026 to $1,300 in FY 2027. Since FY 2023 it has risen 21.5%.

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