Location: Worcester, MA | Metro: Worcester, MA HUD Metro FMR Area
| 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 |
The gap between the FMR and the market rent is crucial for understanding the potential yield and risks associated with accepting Section 8 tenants. Given that the market rent is not available, we cannot calculate the exact percentage gap. However, if the market rent exceeds the FMR, landlords might face a shortfall in rental income. Conversely, if the FMR is higher than the market rent, Section 8 tenants can provide a stable source of income, making this a yield play.
In the context of Unknown, MA, where detailed local statistics such as the percentage of renters, median home value, and median income are not specified, the reliance on FMR becomes even more significant. Landlords should consider the broader economic environment and trends in the area to gauge the impact of accepting Section 8 tenants.
To make informed decisions, landlords and small-portfolio investors should monitor local rental market conditions and seek additional data sources to understand the dynamics between FMR and actual market rents in ZIP 01526.
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.