Section 8 Fair Market Rent (FMR) for ZIP 01508 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,530
1 Bedroom	$1,540
2 Bedrooms	$1,980
3 Bedrooms	$2,480
4 Bedrooms	$2,830
5 Bedrooms	$3,283
6 Bedrooms	$3,677
7 Bedrooms	$3,971
8 Bedrooms	$4,170

Based on the available data, ZIP 01508 is located in Charlton, Massachusetts, a suburban town. Specific demographic details such as population, percentage of renters, median income, and median home value were not found in the recent search results. However, the Fair Market Rent (FMR) for ZIP 01508 is set at $1,620 for the fiscal year 2024, which is the rent amount subsidized by the government for low-income families under the Section 8 program. The market rent for the area was not explicitly stated in the sources provided, but the FMR gives us a benchmark. Given that FMR is typically set at the 40th percentile of market rents, it suggests that the typical market rent for ZIP 01508 is higher than $1,620. When considering investment strategies, ZIP 01508 appears to suit both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the consistent subsidy provided by the Section 8 program ensures a steady stream of income, with minimal tenant turnover issues due to the government backing. For hands-on investors, there may be opportunities to increase the value of properties through renovations, especially if the market rent exceeds the FMR.

In summary: ZIP 01508 in Charlton, MA, offers a stable rental environment with a Section 8 FMR of $1,620, making it suitable for both passive and active real estate investors.

Data Sources: FMR data from HUD (2027).

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.