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 | $1,170 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,680 |
| 3 Bedrooms | $2,020 |
| 4 Bedrooms | $2,230 |
| 5 Bedrooms | $2,587 |
| 6 Bedrooms | $2,897 |
| 7 Bedrooms | $3,129 |
| 8 Bedrooms | $3,285 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,020 | $427,587 | 0.47% | F |
U.S. Census Bureau data (2024)
The ZIP code 01355 in Georgia is primarily a homeowner-dominated area, with only 11.2% of residents being renters. This indicates that the demand for rental properties, including those utilizing Section 8 vouchers, is relatively low compared to areas with higher percentages of renters. Given the median household income of $82,713, the typical market rent of $1,202 represents approximately 14.5% of the average monthly income. This is calculated by taking the annual income ($82,713), dividing it by 12 to find the monthly income ($6,892.75), and then dividing the market rent ($1,202) by the monthly income to find the percentage (approximately 17.4%).
The Federal Market Rent (FMR) for ZIP 01355 is set at $1,400 for FY 2024, which is higher than the current market rent. This suggests that the voucher program could cover a significant portion of the market rent, making it attractive for landlords who accept vouchers. However, due to the low percentage of renters, landlords should not expect a high volume of Section 8 tenants.
Tenants in this ZIP code who use Section 8 vouchers will likely have additional income sources to supplement their housing assistance. The voucher program typically aims to cover about 30% of the FMR, meaning tenants would need to contribute around 30% of their income towards rent. In ZIP 01355, this would translate to a contribution of roughly $420 per month, based on the FMR of $1,400. Landlords can anticipate tenants with a stable income who are capable of meeting their share of the rent.
A landlord in ZIP 01355 should prepare for tenants who value the security of homeownership but are currently renting due to personal circumstances such as relocation, student status, or temporary financial situations. These tenants are likely to be responsible and willing to comply with lease terms to maintain eligibility for the voucher program.
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.