What is the Fair Market Rent in Franklin Township (Portage County), OH?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 44240, which covers Franklin Township (Portage County), is $1,260 a month.

Across the whole Akron, OH MSA the two-bedroom figure is $1,231.

The Census Bureau’s median gross rent for a two-bedroom home in Franklin Township (Portage County) is $1,324 (±$125), within its margin of the Small Area figure for ZIP 44240.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,231
2 bedrooms, ZIP 44240: $1,260

Fair Market Rents for Franklin Township (Portage County), fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Akron, OH MSA (whole area)	$886	$952	$1,231	$1,474	$1,618	—
ZIP 44240 (26% of the ZIP’s land is in this place)	$910	$970	$1,260	$1,510	$1,660	$1,025

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Franklin Township (Portage County)

What is the Section 8 payment standard in Franklin Township (Portage County)?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Akron, OH MSA is $1,231, and the Small Area figure for 44240 is $1,260.

What is the Fair Market Rent for a two-bedroom in ZIP 44240?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 44240 is $1,260 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,025 (±$44).

What is the Fair Market Rent for a one-bedroom in Franklin Township (Portage County)?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 44240 is $970 a month, against $952 across the Akron, OH MSA.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.