Location: Franklin County, MA | Metro: Franklin County, MA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,680 |
| 3 Bedrooms | $2,050 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
U.S. Census Bureau data (2024)
The ZIP code 01350, located in Franklin County, MA, can serve as a diversifier in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for a two-bedroom home in the ZIP code for fiscal year 2024 is set at $1,454, which is lower than the state average of $1,562. This makes it a viable option for landlords who want to participate in the Section 8 program without setting rents too high.
The median home value in ZIP 01350 is significantly below the state average, making it an attractive area for small-portfolio investors looking to balance their investments. With a 24.1% renter share, there is a notable portion of the population that relies on rental housing, ensuring a steady demand for units.
While specific figures for median income and days on market (DOM) were not available, the lower FMR and significant renter share indicate that this ZIP code can offer stable cash flow and reduced risk compared to higher-priced markets. It is important to note that the lack of precise market data can make it challenging to predict appreciation plays, but the ZIP code's characteristics suggest it can be a solid diversification choice within a broader real estate investment strategy.
To summarize, ZIP 01350 is best suited as a diversifier in a Section 8 portfolio due to its lower FMR relative to the state average and the substantial renter share of the population. This combination ensures that the ZIP code can provide consistent cash flow while balancing the overall risk profile of the investor's portfolio.
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.