Section 8 Fair Market Rent (FMR) for ZIP 01257 - 2027

Location: Berkshire County, MA | Metro: Berkshire County, MA (part) HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,290
1 Bedroom	$1,310
2 Bedrooms	$1,710
3 Bedrooms	$2,340
4 Bedrooms	$2,860
5 Bedrooms	$3,318
6 Bedrooms	$3,716
7 Bedrooms	$4,013
8 Bedrooms	$4,214

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,348

Median Household Income

$102,788

Housing Units

1,110

Renter Percentage

21.6%

Occupancy Rate

81.6%

Renter Occupied

196

Housing Authorities Serving ZIP 01257

Pittsfield Housing Authority (Pittsfield, MA) - 585 Section 8 vouchers
North Adams Housing Authority (North Adams, MA) - 389 Section 8 vouchers
Williamstown Housing Authority (Williamstown, MA) - 100 Section 8 vouchers
Adams Housing Authority (Adams, MA) - 98 Section 8 vouchers
Stockbridge Housing Authority (Stockbridge, MA) - 62 Section 8 vouchers
Berkshire County Regional Housing Authority (Pittsfield, MA)

The town of Sheffield, Massachusetts, located in Berkshire County, offers a unique blend of rural charm and proximity to cultural amenities. With a population that appreciates the natural beauty of the Berkshires, it presents a stable rental market for landlords and small-portfolio investors.

Fair Market Rent (FMR): The FMR for a two-bedroom apartment in ZIP 01257 for fiscal year 2024 is set at $1430.
Market Rent: According to the latest Census ACS data, the average market rent for a similar unit stands at $2,125.
Median Home Value: The median home value in Sheffield is $507,896, reflecting a relatively affluent community.
Renter Share: Renter households make up 21.6% of the total housing units in the area.
Days on Market (DOM): Data for the average days a property remains on the market is currently unavailable.
Median Income: The median household income in ZIP 01257 is $102,788, indicating a strong economic base.

The disparity between the Fair Market Rent and the actual market rent suggests a premium that can be charged for quality rentals, benefiting landlords and small-portfolio investors. The high median home value and median income indicate a financially capable resident base, likely able to sustain higher rents. However, with a significant portion of residents renting, there is a notable demand for rental properties. This analysis points to a favorable investment climate in Sheffield, particularly for those who can offer well-maintained, desirable rental units that cater to the local economic profile.

Data Sources: FMR data from HUD (2027). 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.