Section 8 Fair Market Rent (FMR) for ZIP 01010 - 2027

Location: Western Worcester County, MA | Metro: Springfield, MA MSA

Investment Score for ZIP 01010

F
Monthly Rent (2BR)
$1,570
Median Price (2BR)
$364,041
1% Rule
0.43%
Annual Yield
5.18%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,100
1 Bedroom$1,250
2 Bedrooms$1,570
3 Bedrooms$1,920
4 Bedrooms$2,320
5 Bedrooms$2,691
6 Bedrooms$3,014
7 Bedrooms$3,255
8 Bedrooms$3,418

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms Monthly FMR Median Price 1% Rule Grade
2BR $1,570 $364,041 0.43% F
3BR $1,920 $459,156 0.42% F
4BR $2,320 $560,387 0.41% F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population
3,705
Median Household Income
$111,250
Housing Units
1,619
Renter Percentage
12.5%
Occupancy Rate
87.1%
Renter Occupied
176

The economics of Section 8 housing in ZIP code 01010, which includes Brimfield, MA, in Hampden County, can be quite favorable for landlords when understood correctly. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this ZIP code for FY 2024 is set at $1130. This figure is specific to this ZIP code, meaning it's tailored to reflect the local rental market conditions accurately.

In comparison, the local market rent for a two-bedroom unit, according to the Census ACS, is $886. This discrepancy between the SAFMR and the actual market rent presents an opportunity for landlords. When a tenant uses a Section 8 voucher, the government will pay the difference between the tenant's portion and the SAFMR, up to the limit of $1130 per month.

To break it down further, the tenant's portion is generally 30% of their income. If we assume a tenant's monthly income is $2000, then their contribution would be $600. The remaining amount, $530 in this case, would be covered by the government under the Section 8 program. However, the total reimbursement can't exceed the SAFMR of $1130.

Additionally, Section 8 provides utility allowances. For a two-bedroom apartment, the utility allowance is typically around $200 per month. This allowance is also paid directly by the government, further reducing the financial burden on tenants and ensuring landlords receive a consistent income.

Therefore, in ZIP 01010, landlords can expect a reimbursement of $1130 for a two-bedroom apartment, assuming the tenant's portion plus the utility allowance does not exceed this amount. Given the local market rent is $886, landlords might find themselves with a surplus if they can secure a tenant with a higher income or if the utility allowance pushes the total reimbursement above the market rent.

In summary, the typical reimbursement gap or surplus for a two-bedroom apartment in ZIP 01010 is a surplus of $244 per month, calculated as the difference between the SAFMR ($1130) and the local market rent ($886).

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.