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Stark County/Canton/44705

44705

ZIPSAFMR
Stark County, OH
Zillow

ZIP Investment Score

141High yield potential

095130300
BRFMR
Eff. Rent
0 BR$740$610
1 BR$840$820
2 BR$1,060$940
3 BR$1,340$1,290
4 BR$1,440$1,470
5 BR$1,656Not available
6 BR$1,904Not available
7 BR$2,190Not available
8 BR$2,519Not available

Purchase Price Calculator

Maximum purchase price
$77,767

Cost breakdown

+Likely effective rent$940
HUD FMR$1,060
Market rentUsed$940
Est. payment standard (93%)$980
-Principal and interest-$393
Loan amount$62,214
Down payment$15,553
Rate6.50%
Term30 years
-Operating costs-$347
Property taxes-$78
Insurance-$175
Utilities$0
HOA$0
Management-$94
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,409(99.1% ROI)
Projected value
$83,747
Return breakdown
Property appreciation+$5,980
Loan principal paid down+$2,229
Rental cash flow+$7,200
5-year hold
+$26,194(168.4% ROI)
Projected value
$87,986
Return breakdown
Property appreciation+$10,219
Loan principal paid down+$3,975
Rental cash flow+$12,000
10-year hold
+$55,253(355.2% ROI)
Projected value
$99,548
Return breakdown
Property appreciation+$21,781
Loan principal paid down+$9,471
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.21
1 BR
1.02
2 BR
1.13
3 BR
1.04
4 BR
0.97
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 44705 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44705 (Canton, OH) is $1,060 a month. That is down 3.6% from $1,100 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, 44705 is tied for the 19th-highest two-bedroom rent (county range $1,000–$1,500). The median county two-bedroom FMR in Ohio is $1,048, so ZIP 44705 is 1% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44705
BedroomsFY 2027Change90–110% range
Studio$740−2.6%$666–$814
1BR$840−2.3%$756–$924
2BR$1,060−3.6%$954–$1,166
3BR$1,340−3.6%$1,206–$1,474
4BR$1,440−2.0%$1,296–$1,584

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44705
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$740$840$1,060$1,340$1,440
FY 2026$760$860$1,100$1,390$1,470
FY 2025$680$760$990$1,240$1,310
FY 2024$620$700$920$1,150$1,230
FY 2023$580$660$870$1,100$1,170

Two-bedroom rent in nearby Stark County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 44705
44702$1,000−5.7%
44703$1,000−5.7%
44704$1,000−5.7%
44705Current$1,060—
44706$1,0600.0%
44707$1,000−5.7%
44708$1,090+2.8%
44709$1,000−5.7%
44710$1,110+4.7%
44711$1,050−0.9%
44714$1,070+0.9%
44718$1,040−1.9%

Questions about ZIP 44705 rents

How much will Section 8 pay for a two-bedroom in ZIP 44705?

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 $1,060 it would be $954 to $1,166. 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 44705 in?

ZIP 44705 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 44705 for FY 2027?

The two-bedroom FMR fell 3.6%, from $1,100 in FY 2026 to $1,060 in FY 2027. Since FY 2023 it has risen 21.8%.

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