Location: Berkshire County, MA | Metro: Berkshire County, MA (part) HUD Metro FMR Area
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 | $1,420 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,880 |
| 3 Bedrooms | $2,570 |
| 4 Bedrooms | $3,140 |
| 5 Bedrooms | $3,642 |
| 6 Bedrooms | $4,079 |
| 7 Bedrooms | $4,405 |
| 8 Bedrooms | $4,625 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,440 | $384,464 | 0.37% | F |
| 2BR | $1,880 | $468,321 | 0.4% | F |
| 3BR | $2,570 | $596,022 | 0.43% | F |
| 4BR | $3,140 | $841,175 | 0.37% | F |
| 5BR | $3,642 | $1,208,823 | 0.3% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP 01230, Great Barrington, MA, reveals several key points regarding its suitability for Section 8 landlords and small-portfolio investors.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for ZIP 01230 in fiscal year 2024 is set at $1,490. This figure is slightly higher than the market rent reported by the Census ACS, which stands at $1,357. This indicates that landlords participating in the Section 8 program can expect a modest premium over the average market rent, making it financially viable to offer units under this program.
Regarding the affordability of acquisitions, the median home value in ZIP 01230 is $617,279. There is limited data on the days on market (DOM) and the percentage of homes that require price cuts, as both are listed as N/A and 0.1%, respectively. However, the high median home value suggests that acquiring properties in this area may be costly and could pose a challenge for smaller investors looking to enter the market with limited capital.
There is a notable tenant demand in Great Barrington, with a total population of 8,826 and a renter share of 27.3%. This means approximately 2,405 residents are likely seeking rental housing. Given the relatively small size of the town, this represents a significant portion of the local market, indicating that there should be enough tenants interested in Section 8 properties.
In conclusion, while the rent math in ZIP 01230 supports participation in the Section 8 program with a slight premium over market rates, the high median home value poses a barrier to entry for many investors. Despite this, the substantial tenant demand presents an opportunity for those able to acquire properties in this area. Landlords and investors should weigh these factors carefully when considering this ZIP code for their portfolio.
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.