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Stark County/Limaville/44640

44640

ZIPSAFMR
Stark County, OH
Zillow

ZIP Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$1,020$710
1 BR$1,150$750
2 BR$1,460$770
3 BR$1,850$940
4 BR$1,980$990
5 BR$2,277Not available
6 BR$2,619Not available
7 BR$3,011Not available
8 BR$3,463Not available

Purchase Price Calculator

Maximum purchase price
$52,505

Cost breakdown

+Likely effective rent$770
HUD FMR$1,460
Market rentUsed$770
Est. payment standard (90%)$1,310
-Principal and interest-$265
Loan amount$42,004
Down payment$10,501
Rate6.50%
Term30 years
-Operating costs-$305
Property taxes-$53
Insurance-$175
Utilities$0
HOA$0
Management-$77
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$12,742(121.3% ROI)
Projected value
$56,542
Return breakdown
Property appreciation+$4,037
Loan principal paid down+$1,505
Rental cash flow+$7,200
5-year hold
+$21,583(205.5% ROI)
Projected value
$59,405
Return breakdown
Property appreciation+$6,900
Loan principal paid down+$2,684
Rental cash flow+$12,000
10-year hold
+$45,101(429.5% ROI)
Projected value
$67,211
Return breakdown
Property appreciation+$14,706
Loan principal paid down+$6,395
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.44
1 BR
1.53
2 BR
1.90
3 BR
1.97
4 BR
2.00
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44640 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44640 (Limaville, OH) is $1,460 a month. That is up 5.8% from $1,380 in FY 2026. Limaville 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. Among 50 ZIP codes in Stark County, 44640 has the 2nd-highest two-bedroom rent (county range $1,000–$1,500). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44640 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44640
BedroomsFY 2027Change90–110% range
Studio$1,020+7.4%$918–$1,122
1BR$1,150+7.5%$1,035–$1,265
2BR$1,460+5.8%$1,314–$1,606
3BR$1,850+6.3%$1,665–$2,035
4BR$1,980+7.6%$1,782–$2,178

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44640
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,020$1,150$1,460$1,850$1,980
FY 2026$950$1,070$1,380$1,740$1,840
FY 2025$760$860$1,110$1,390$1,470
FY 2024$660$750$980$1,230$1,310
FY 2023$620$700$920$1,160$1,240

Two-bedroom rent in nearby Stark County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44640
44630$1,090−25.3%
44632$1,180−19.2%
44634$1,000−31.5%
44640Current$1,460—
44641$1,000−31.5%
44643$1,060−27.4%
44645$1,320−9.6%
44646$1,050−28.1%
44647$1,130−22.6%
44648$1,050−28.1%
44650$1,050−28.1%
44652$1,040−28.8%

Questions about ZIP 44640 rents

How much will Section 8 pay for a two-bedroom in ZIP 44640?

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 $1,460 it would be $1,314 to $1,606. 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 44640 in?

ZIP 44640 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 ZIP 44640 for FY 2027?

The two-bedroom FMR rose 5.8%, from $1,380 in FY 2026 to $1,460 in FY 2027. Since FY 2023 it has risen 58.7%.

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