Section 8 Fair Market Rent (FMR) for ZIP 01111 - 2027

FY 2027 Fair Market Rent Rates

$1,710 is the Fair Market Rent (FMR) for ZIP 01111, as per the metro FY 2026 data, indicating the rental market's baseline. In contrast, specific listings show a range of home values, such as $399,000 for a 3-bedroom, 3-bathroom house at 33 Winding Ln, Springfield, MA 01118. Another property, 878 Berkshire Ave, Springfield, MA 01151, lists at $234,900 for a 2-bedroom, 1-bathroom house, highlighting the variability within the region. A third example is 25 Victoria St, Springfield, MA 01104, priced at $250,000 for a 3-bedroom, 2-bathroom house, which has been on the market for 14 days. This suggests a moderate level of demand, as properties like 384 Abbott St, Springfield, MA 01118, priced at $299,999, have been listed longer without specific DOM data. Additionally, 109 Eddywood St, Springfield, MA 01118, offers modern finishes at $319,900 for a 2-bedroom, 2-bathroom house. These figures provide a snapshot of the real estate landscape in ZIP 01111. The disparity between the FMR and the median home values indicates a potential opportunity for rental investments. However, the lack of precise DOM and price-cut share percentages means landlords must be cautious about overpricing their units. Given the FMR, properties in this area should be priced competitively to attract tenants. For ZIP 01111, the Section 8 program can be a viable option for maintaining occupancy rates, especially considering the FMR threshold.

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.