Location: Franklin County, MA | Metro: Franklin County, MA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,310 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,880 |
| 3 Bedrooms | $2,240 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
ZIP code 01302 in Franklin County, MA, has a Fair Market Rent (FMR) of $1450 for fiscal year 2024. This figure is critical for understanding the rental dynamics within the ZIP code, especially for those involved in Section 8 housing programs.
While specific market rents and home values for ZIP 01302 are currently unavailable, we can infer its position within the broader context of Franklin County, MA. The FMR of $1450 suggests that this ZIP code likely falls into the mid-tier neighborhood category compared to other ZIP codes in the county. Mid-tier neighborhoods typically offer a balance between affordability and quality of life, making them attractive to both tenants and investors.
The lack of data on market rent and home values indicates a need for further investigation. However, the presence of an FMR without corresponding market data might suggest that 01302 is an area where government-assisted housing is more prevalent. This could mean that it serves as a value pocket within the county, catering specifically to low-income families through Section 8 programs.
Without specific renter share percentages, it's challenging to definitively classify 01302 as a Section 8 sweet spot. Typically, a high renter share percentage combined with below-average home values would indicate such a sweet spot. Since the renter share percentage is also marked as N/A, we cannot make a direct comparison to other ZIP codes in Franklin County. However, the availability of an FMR while lacking other key metrics points towards a higher concentration of rental properties that participate in federal assistance programs.
To conclude, ZIP 01302 appears to be a mid-tier neighborhood within Franklin County, MA, based on its FMR. It likely offers a niche for investors interested in Section 8 properties, though more detailed local market data would provide clearer insights into its exact positioning as a value pocket, mid-tier neighborhood, or premium sub-market.
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.