Location: Western Worcester County, MA | Metro: Worcester, MA HUD Metro FMR Area
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 | $1,430 |
| 1 Bedroom | $1,440 |
| 2 Bedrooms | $1,860 |
| 3 Bedrooms | $2,300 |
| 4 Bedrooms | $2,740 |
| 5 Bedrooms | $3,178 |
| 6 Bedrooms | $3,559 |
| 7 Bedrooms | $3,844 |
| 8 Bedrooms | $4,036 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,860 | $397,099 | 0.47% | F |
| 3BR | $2,300 | $498,827 | 0.46% | F |
| 4BR | $2,740 | $573,231 | 0.48% | F |
U.S. Census Bureau data (2024)
Hubbardston, MA, located in Worcester County, has a unique demographic profile that sets it apart from other ZIP codes. With a total population of 4,371, only 6.5% of residents rent their homes, indicating a predominantly owner-occupied community. The median household income in Hubbardston stands at $123,500, reflecting a relatively affluent area. Furthermore, the median home value is $470,745, which is significantly higher than the national average, suggesting strong property values and a stable housing market.
When it comes to Section 8 vouchers, the economic landscape in Hubbardston becomes particularly interesting. The Fair Market Rent (FMR) for the ZIP code for fiscal year 2024 is set at $1,790 per month, while the actual market rent, according to the Census Bureau's American Community Survey (ACS), is approximately $953 per month. This substantial gap between FMR and market rent means that landlords can potentially receive a higher rent subsidy compared to the typical market rate. For example, a landlord might charge $953 in market rent but receive an additional $837 through the Section 8 voucher program, bringing the total rental income to $1,790 per month. This scenario benefits landlords who participate in the program by ensuring they receive a competitive rent payment.
The data signature for Hubbardston, MA, suggests a stable environment. The high median income and median home value indicate a community with solid financial underpinnings and a strong demand for quality housing. While the low percentage of renters could imply limited opportunities for landlords, the favorable economics of the Section 8 voucher program can still present a viable investment strategy. Small-portfolio investors should consider these factors when evaluating potential investments in Hubbardston.
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.