Section 8 Fair Market Rent (FMR) for ZIP 01375 - 2027

FY 2027 Fair Market Rent Rates

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Housing Authorities Serving ZIP 01375

• Franklin County Regional Housing Authority (Turners Falls, MA) - 597 Section 8 vouchers
• Greenfield Housing Authority (Greenfield, MA) - 530 Section 8 vouchers

Sunderland, Massachusetts, located in ZIP code 01375, is a small town that offers both residential tranquility and proximity to urban amenities. The housing market here reflects a blend of affordability and stability, making it an attractive option for landlords and small-portfolio investors looking to enter a balanced rental environment.

• The Fair Market Rent (FMR) for Sunderland, MA, for the fiscal year 2024 is set at $1,990. This figure represents the maximum amount that a household paying 30% of their adjusted income towards rent should spend on a two-bedroom apartment, indicating a moderate cost of living.
• The market rent for the area, based on recent Census American Community Survey (ACS) data, stands at $1,672. This suggests that the actual rents being charged are slightly below the FMR, providing a potential margin for landlords to increase rents without exceeding reasonable market rates.
• The median home value in Sunderland, MA, is $476,972. This is a reflection of the overall property values in the area and can be considered when evaluating the purchase price of investment properties.
• Renters make up 58.0% of the population, indicating a significant demand for rental properties. This high percentage of renters supports the viability of the rental market and suggests steady occupancy rates.
• The median household income in Sunderland, MA, is $68,083. This income level is important for understanding the financial capacity of potential tenants to pay higher rents, especially if they are close to the FMR.
• The Days on Market (DOM) for listings is not available, which could imply either a very active or a very stable market where properties are quickly leased or sold without prolonged exposure.

Investors considering Sunderland, MA, for their real estate portfolio should note the favorable balance between the FMR and market rent, suggesting opportunities for growth in rental pricing. With a substantial portion of the population renting, there is a robust demand for rental units, and the median income provides assurance regarding the ability of residents to afford rents near the FMR. The lack of DOM data might require further local market research to understand the speed at which properties are typically leased or sold, but the existing data points to a promising investment opportunity.

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.