Stark County/Canton/44721

44721

ZIPSAFMR

Stark County, OH

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ZIP Investment Score

84Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$740	$590	7.2%
1 BR	$830	$810	7.4%
2 BR	$1,050	$950	6.1%
3 BR	$1,330	$1,460	6.5%
4 BR	$1,420	$1,560	6.7%
5 BR	$1,633	Not available	6.7%
6 BR	$1,878	Not available	6.7%
7 BR	$2,160	Not available	6.7%
8 BR	$2,484	Not available	6.7%

Purchase Price Calculator

Maximum purchase price

$79,253

Cost breakdown

+Likely effective rent$950

HUD FMR$1,050

Market rentUsed$950

Est. payment standard (94%)$990

-Principal and interest-$401

Loan amount$63,402

Down payment$15,851

Rate6.50%

Term30 years

-Operating costs-$349

Property taxes-$79

Insurance-$175

Utilities$0

HOA$0

Management-$95

=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

+$15,565(98.2% ROI)

Projected value

$85,347

Return breakdown

Property appreciation+$6,094

Loan principal paid down+$2,272

Rental cash flow+$7,200

5-year hold

+$26,465(167.0% ROI)

Projected value

$89,668

Return breakdown

Property appreciation+$10,415

Loan principal paid down+$4,051

Rental cash flow+$12,000

10-year hold

+$55,850(352.4% ROI)

Projected value

$101,451

Return breakdown

Property appreciation+$22,198

Loan principal paid down+$9,652

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.25ratio

FMR$740

Market$590

vs market+$150

FMR is above market; underwrite to market rent.

1.25

1 BR

1.02ratio

FMR$830

Market$810

vs market+$20

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

1.02

2 BR

1.11ratio

FMR$1,050

Market$950

vs market+$100

FMR is above market; underwrite to market rent.

1.11

3 BR

0.77ratio

FMR$1,330

Market$1,720

vs market-$390

FMR is below market; voucher rent may lag private rents.

0.77

4 BR

0.70ratio

FMR$1,420

Market$2,030

vs market-$610

FMR is below market; voucher rent may lag private rents.

0.70

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 44721 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 44721 (Canton, OH) is $1,050 a month. That is down 0.9% 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, 44721 is tied for the 23rd-highest two-bedroom rent (county range $1,000–$1,500).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 44721
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$730	$740	+1.4%	$666–$814
1BR	$830	$830	0.0%	$747–$913
2BR	$1,060	$1,050	−0.9%	$945–$1,155
3BR	$1,340	$1,330	−0.7%	$1,197–$1,463
4BR	$1,420	$1,420	0.0%	$1,278–$1,562

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 44721
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$740	$830	$1,050	$1,330	$1,420
FY 2026	$730	$830	$1,060	$1,340	$1,420
FY 2025	$650	$730	$950	$1,190	$1,260
FY 2024	$600	$670	$880	$1,100	$1,170
FY 2023	$580	$650	$860	$1,080	$1,160

Two-bedroom rent in nearby Stark County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 44721
44706	$1,060	+1.0%
44707	$1,000	−4.8%
44708	$1,090	+3.8%
44709	$1,000	−4.8%
44710	$1,110	+5.7%
44711	$1,050	0.0%
44714	$1,070	+1.9%
44718	$1,040	−1.0%
44720	$1,180	+12.4%
44721Current	$1,050	—
44730	$1,020	−2.9%
44735	$1,050	0.0%

Questions about ZIP 44721 rents

How much will Section 8 pay for a two-bedroom in ZIP 44721?

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 $1,050 it would be $945 to $1,155. 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 44721 in?

ZIP 44721 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 44721 for FY 2027?

The two-bedroom FMR fell 0.9%, from $1,060 in FY 2026 to $1,050 in FY 2027. Since FY 2023 it has risen 22.1%.

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