Section 8 Fair Market Rent (FMR) for ZIP 01092 - 2027

Location: Western Worcester County, MA | Metro: Western Worcester County, MA HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,020
1 Bedroom	$1,130
2 Bedrooms	$1,440
3 Bedrooms	$1,920
4 Bedrooms	$2,320
5 Bedrooms	$2,691
6 Bedrooms	$3,014
7 Bedrooms	$3,255
8 Bedrooms	$3,418

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,200

Median Household Income

$68,614

Housing Units

640

Renter Percentage

38.5%

Occupancy Rate

91.7%

Renter Occupied

226

The ZIP code 01092, located in Delaware, is a viable market for Section 8 tenants, given that 38.5% of its population are renters. This percentage indicates a significant portion of residents rely on rental housing, suggesting there is substantial demand for housing vouchers. The total population of 1,200 residents means that approximately 462 individuals are likely to be seeking rental properties.

With a median household income of $68,614, the typical market rent of $844 represents about 12.3% of the average monthly income. This calculation is derived from dividing the annual median income by 12 months and then comparing it to the market rent. For context, the Fair Market Rent (FMR) set by HUD for ZIP 01092 is $1,260 for FY 2024, which is higher than the current market rent. This discrepancy suggests that landlords can potentially increase rents closer to the FMR without significantly deterring Section 8 applicants.

To further analyze the suitability of this ZIP for Section 8 tenants, consider the following points:

Rental Demand: The high percentage of renters implies a robust market for rental units, including those supported by vouchers.
Voucher Utilization: Given the income levels and the relatively low market rent compared to the FMR, landlords can anticipate a steady flow of voucher applications.
Tenant Profile: Expected tenants will likely be families with children, elderly individuals, or disabled persons who qualify for the Housing Choice Voucher program due to their lower income levels relative to the median.

A landlord in ZIP 01092 should prepare for a tenant pool that includes a mix of families and individuals who are eligible for Section 8 vouchers. These tenants will have incomes that do not exceed 50% of the area median income, making them dependent on government assistance to secure affordable housing. The gap between the actual market rent and the FMR provides an opportunity for landlords to adjust their pricing strategies while remaining competitive within the voucher system.

Data Sources: FMR data from HUD (2027). 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.