Section 8 Fair Market Rent (FMR) for ZIP 01509 - 2027

FY 2027 Fair Market Rent Rates

1620 is the Fair Market Rent (FMR) for ZIP code 01509 in fiscal year 2024, according to HUD guidelines. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher in the area. Despite the lack of specific data on market rent, median home value, renter share, median income, days on market (DOM), and the percentage of price-cut share, the FMR provides a critical benchmark for rental properties in Unknown, MA. Landlords should ensure their rental rates do not exceed this threshold to remain competitive and attractive to tenants with vouchers. Additionally, the absence of detailed local market data suggests that the 1620 FMR serves as an essential guideline for pricing units accurately. Given the constraints of the data, it's imperative to rely on HUD's FMR as a reliable indicator of rental affordability. For small-portfolio investors, understanding and adhering to the 1620 limit can help maximize the potential tenant pool while maintaining compliance with federal housing assistance programs. The clarity of the FMR figure contrasts sharply with the unknowns surrounding other local metrics, making it a cornerstone for investment decisions in this ZIP code. In conclusion, the 1620 FMR for ZIP 01509 presents a straightforward opportunity for landlords and investors to align their rental strategies with federal standards, ensuring both compliance and market relevance.

Section 8 verdict: Acceptable for landlords who can price their units at or below the 1620 FMR.

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.