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 | $1,350 |
| 1 Bedroom | $1,480 |
| 2 Bedrooms | $1,940 |
| 3 Bedrooms | $2,310 |
| 4 Bedrooms | $2,550 |
| 5 Bedrooms | $2,958 |
| 6 Bedrooms | $3,313 |
| 7 Bedrooms | $3,578 |
| 8 Bedrooms | $3,757 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,940 | $337,985 | 0.57% | F |
| 3BR | $2,310 | $386,885 | 0.6% | F |
U.S. Census Bureau data (2024)
The ZIP code 01354, located in Gill, MA, has a population of 1,740 residents, with 17.7% of them being renters. This indicates that it is not a heavily renter-dominated area, but rather a community where homeownership is more prevalent. The median household income stands at $90,208, which is significantly higher than the typical market rent of $1,193.
To understand the depth of voucher demand, we must consider the percentage of renters who might qualify for housing assistance. Given the median income and the fact that only 17.7% of the population are renters, it is unlikely that there is a substantial pool of Section 8 tenants in this area. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,630, which is notably higher than the actual market rent of $1,193. This suggests that the rental market in ZIP 01354 is below the FMR threshold, potentially making it more accessible to those on housing vouchers.
The typical rent of $1,193 consumes approximately 13.2% of the median household income in Gill, MA. This relatively low percentage means that the rental costs are manageable for most households in the area. However, the FMR of $1,630 implies that the maximum allowable rent for voucher holders could be higher than the current market rates, giving landlords some flexibility in pricing.
A landlord in ZIP 01354 should expect tenants who are likely to have stable employment and a reasonable level of financial security. While there may be some voucher recipients, they will represent a smaller portion of the overall tenant pool due to the lower percentage of renters and the higher median income. Landlords can set rents slightly above the market average without risking significant occupancy issues, as long as they remain within the voucher limits.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.