Stark County/Canton/44704

44704

ZIPSAFMR

Stark County, OH

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ZIP Investment Score

141High yield potential

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$700	$660	6.5%
1 BR	$790	$800	6.2%
2 BR	$1,000	$970	5.2%
3 BR	$1,270	$1,140	5.6%
4 BR	$1,360	$1,370	5.7%
5 BR	$1,564	Not available	5.7%
6 BR	$1,799	Not available	5.8%
7 BR	$2,068	Not available	5.7%
8 BR	$2,379	Not available	5.8%

Purchase Price Calculator

Maximum purchase price

$82,225

Cost breakdown

+Likely effective rent$970

HUD FMR$1,000

Market rentUsed$970

Est. payment standard (98%)$980

-Principal and interest-$416

Loan amount$65,780

Down payment$16,445

Rate6.50%

Term30 years

-Operating costs-$354

Property taxes-$82

Insurance-$175

Utilities$0

HOA$0

Management-$97

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$15,879(96.6% ROI)

Projected value

$88,547

Return breakdown

Property appreciation+$6,322

Loan principal paid down+$2,357

Rental cash flow+$7,200

5-year hold

+$27,008(164.2% ROI)

Projected value

$93,030

Return breakdown

Property appreciation+$10,805

Loan principal paid down+$4,203

Rental cash flow+$12,000

10-year hold

+$57,044(346.9% ROI)

Projected value

$105,255

Return breakdown

Property appreciation+$23,030

Loan principal paid down+$10,014

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.06ratio

FMR$700

Market$660

vs market+$40

FMR is near market; voucher and private rents are aligned.

1.06

1 BR

0.99ratio

FMR$790

Market$800

vs market-$10

FMR is near market; voucher and private rents are aligned.

0.99

2 BR

1.03ratio

FMR$1,000

Market$970

vs market+$30

FMR is near market; voucher and private rents are aligned.

1.03

3 BR

1.11ratio

FMR$1,270

Market$1,140

vs market+$130

FMR is above market; underwrite to market rent.

1.11

4 BR

0.99ratio

FMR$1,360

Market$1,370

vs market-$10

FMR is near market; voucher and private rents are aligned.

0.99

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 44704 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44704 (Canton, OH) is $1,000 a month. That is down 5.7% from $1,060 in FY 2026. Canton 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, 44704 is tied for the 39th-highest two-bedroom rent (county range $1,000–$1,500). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44704 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44704
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$730	$700	−4.1%	$630–$770
1BR	$830	$790	−4.8%	$711–$869
2BR	$1,060	$1,000	−5.7%	$900–$1,100
3BR	$1,340	$1,270	−5.2%	$1,143–$1,397
4BR	$1,420	$1,360	−4.2%	$1,224–$1,496

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44704
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$700	$790	$1,000	$1,270	$1,360
FY 2026	$730	$830	$1,060	$1,340	$1,420
FY 2025	$640	$730	$940	$1,180	$1,250
FY 2024	$580	$660	$860	$1,080	$1,150
FY 2023	$530	$600	$790	$1,010	$1,080

Two-bedroom rent in nearby Stark County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 44704
44702	$1,000	0.0%
44703	$1,000	0.0%
44704Current	$1,000	—
44705	$1,060	+6.0%
44706	$1,060	+6.0%
44707	$1,000	0.0%
44708	$1,090	+9.0%
44709	$1,000	0.0%
44710	$1,110	+11.0%
44711	$1,050	+5.0%
44714	$1,070	+7.0%
44718	$1,040	+4.0%

Questions about ZIP 44704 rents

How much will Section 8 pay for a two-bedroom in ZIP 44704?

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 $1,000 it would be $900 to $1,100. 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 44704 in?

ZIP 44704 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 44704 for FY 2027?

The two-bedroom FMR fell 5.7%, from $1,060 in FY 2026 to $1,000 in FY 2027. Since FY 2023 it has risen 26.6%.

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

County fair market rent Canton, OH fair market rent OH statewide rents What is SAFMR?Data sources