Section 8 Fair Market Rent (FMR) for ZIP 01116 - 2027

FY 2027 Fair Market Rent Rates

To classify ZIP 01116 in Unknown, MA, we need to consider the available data points for yield and stability. The Fair Market Rent (FMR) for ZIP 01116 for fiscal year 2024 is set at $1340. This figure represents the maximum amount that a landlord can charge for a rental property under the Section 8 program.

However, the market rent and median home value for this ZIP code are not provided, making it difficult to assess how competitive the FMR is compared to market conditions. Without these metrics, we cannot determine if 01116 is a high-yield market relative to typical rental rates or home values.

Moving to stability, the percentage of renters, average days on the market (DOM), and median household income are all missing from the dataset. These figures would help us understand the financial health of the tenants and the demand for rental properties in the area. Without such information, we cannot gauge the stability of the rental market in ZIP 01116.

Given the limited data, ZIP 01116 does not clearly fit into a high-yield/low-stability flip-style market or a steady-cashflow zone. It is positioned somewhere in between due to the lack of comparative figures to establish whether it offers above-average yields or stable cash flows.

The only concrete data point we have is the FMR of $1340. To make a more informed decision, landlords and small-portfolio investors should seek additional data on local market rents, median home values, and tenant demographics to better understand the potential risks and returns associated with this ZIP code.

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.