Section 8 Fair Market Rent (FMR) for ZIP 01021 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,260
1 Bedroom	$1,410
2 Bedrooms	$1,790
3 Bedrooms	$2,230
4 Bedrooms	$2,360
5 Bedrooms	$2,738
6 Bedrooms	$3,067
7 Bedrooms	$3,312
8 Bedrooms	$3,478

Based on the available data, the median home value in ZIP 01021 is approximately $190,000. The HUD Fair Market Rent (FMR) for ZIP 01021 in fiscal year 2024 is $1340. This figure represents the maximum amount that landlords can charge voucher holders for rent. However, the market rent for the area is currently not available, which makes it challenging to compare the FMR against typical rental prices.

The Section 8 voucher tenants in ZIP 01021 will likely cashflow at the FMR rate, given that the FMR is designed to be competitive with market rates. Landlords should expect to see a steady stream of tenants who are able to pay the FMR without significant delays or issues.

The rent-to-price ratio can be derived from the median home value and the FMR. With an approximate median home value of $190,000 and an FMR of $1340, the annual rent would be around $16,080, which equates to a rent-to-price ratio of roughly 8.46%. This suggests that the rental income generated from properties in ZIP 01021 is relatively low compared to the value of the homes.

Note that the median days on market (DOM) and the percentage of price cuts are not available for this ZIP code. These metrics would typically help investors understand the dynamics between renting and buying, but their absence does not significantly impact the overall analysis.

The strongest investor angle in ZIP 01021 is likely stability. Given the moderately stable market conditions and the presence of middle-income professionals as potential tenants, investors can expect consistent cash flow and minimal fluctuations in property values or rental demand.

Data Sources: FMR data from HUD (2027).

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.