Location: Franklin County, MA | Metro: Franklin County, MA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,540 |
| 1 Bedroom | $1,700 |
| 2 Bedrooms | $2,210 |
| 3 Bedrooms | $2,700 |
| 4 Bedrooms | $2,930 |
| 5 Bedrooms | $3,399 |
| 6 Bedrooms | $3,807 |
| 7 Bedrooms | $4,112 |
| 8 Bedrooms | $4,318 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,700 | $527,630 | 0.51% | F |
U.S. Census Bureau data (2024)
ZIP code 01093, located within the Franklin County, MA metro area, presents an interesting mix of characteristics that set it apart from other ZIP codes in the region. The Fair Market Rent (FMR) for ZIP 01093 is set at $1540 for fiscal year 2024. While market rent data is not available, the FMR provides a baseline for rental pricing expectations.
The median home value in ZIP 01093 is $498,081, which is higher than the average for many ZIP codes in Franklin County, MA. However, without specific comparative data on other ZIP codes, we can only infer that this suggests a relatively affluent area, likely appealing to homeowners rather than renters.
The renter share in ZIP 01093 stands at 10.3%, indicating a smaller proportion of residents who rent compared to those who own homes. This lower renter share contrasts with areas where a higher percentage of residents rely on rental housing, potentially suggesting fewer opportunities for landlords focused on the rental market.
Given the data, ZIP 01093 appears to be more of a premium sub-market within its metro area. The higher median home value suggests a preference for homeownership over renting, and the FMR of $1540 indicates a level of affordability that is standard for the area but does not necessarily signal a value pocket for rental properties. Instead, the combination of a higher home value and a modest renter share points towards a market that is favorable for homeowners and possibly less attractive for landlords seeking a high concentration of rental units.
Landlords and small-portfolio investors should consider these factors when evaluating potential investments in ZIP 01093. The focus might shift towards identifying properties that can command rents close to the FMR or slightly above, given the premium nature of the sub-market. Additionally, understanding the local demand for rentals, despite the low renter share, will be crucial in determining the viability of rental investments in this ZIP code.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.