Location: Franklin County, MA | Metro: Franklin County, MA
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 | $1,840 |
| 1 Bedroom | $2,020 |
| 2 Bedrooms | $2,640 |
| 3 Bedrooms | $3,150 |
| 4 Bedrooms | $3,470 |
| 5 Bedrooms | $4,025 |
| 6 Bedrooms | $4,508 |
| 7 Bedrooms | $4,869 |
| 8 Bedrooms | $5,112 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,640 | $401,869 | 0.66% | D |
| 3BR | $3,150 | $497,306 | 0.63% | D |
| 4BR | $3,470 | $571,131 | 0.61% | D |
U.S. Census Bureau data (2024)
1810 is the Fair Market Rent (FMR) for ZIP code 01341 in Conway, Massachusetts, for fiscal year 2024. This figure represents the maximum amount a landlord can charge for a Section 8 rental agreement in this area. In comparison, the Census Bureau reports a market rent of 1821 dollars, indicating that landlords participating in the Section 8 program will be slightly below the market rate but still within a reasonable range. The median home value in Conway stands at 458,799 dollars, which suggests a relatively stable housing market. With only 6.8 percent of residents being renters, the demand for rental properties is modest, implying that landlords should carefully consider their pricing strategies to remain competitive. The median income in the area is 97,417 dollars, providing insight into the financial capabilities of potential tenants. While the days on market (DOM) and the percentage of price-cut shares are not available, these figures would typically help gauge the speed at which homes sell and the frequency of price adjustments needed to attract buyers. Given the specific economic conditions and the availability of data, landlords and small-portfolio investors in Conway, MA, should expect a niche but steady rental market, particularly for those willing to adhere to the Section 8 guidelines. The verdict for Section 8 participation in Conway, MA, is positive for landlords who can manage below-market rents while ensuring quality accommodations.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.