Section 8 Fair Market Rent (FMR) for ZIP 01252 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 01252 in Unknown, MA presents several potential challenges for landlords considering Section 8 investments. Firstly, tenant turnover can be a significant issue when comparing the market rent to the Fair Market Rent (FMR) of $1440 set for FY 2024. If the market rent is higher, landlords might face difficulties retaining tenants who qualify for Section 8 vouchers. Secondly, vacancy exposure is a critical concern. With no data on the average days on market (DOM), it's challenging to predict how long properties might remain vacant, increasing financial pressure on landlords. Additionally, the risk of deferred maintenance is heightened due to the lack of information on typical home values and median incomes. Without these metrics, it's difficult to assess the ability of residents to cover maintenance costs beyond their rental obligations.

However, these risks must be weighed against the high concentration of renters in the area, indicated by the N/A% renter share. A high percentage of renters often translates into a robust demand for housing vouchers, which can stabilize occupancy rates and provide a steady stream of income for landlords. The presence of many voucher holders in the area also suggests that there is a need for affordable housing, which can be filled by Section 8 properties.

In summary, despite the uncertainties surrounding market rent, vacancy periods, and maintenance capabilities, the high renter density in ZIP 01252 supports a moderate level of demand for Section 8 properties. This balance leans towards a moderate risk for a first-time Section 8 landlord in this area.

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.