Section 8 Fair Market Rent (FMR) for ZIP 01613 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 01613 in Worcester County, Massachusetts, presents unique characteristics that set it apart from other areas. Due to the lack of specific data points regarding the number of residents, percentage of renters, median income, and median home value, a precise demographic profile cannot be established. However, the focus shifts to the critical aspect of Section 8 housing economics, which is particularly relevant for landlords and small-portfolio investors.

In terms of financial viability, the Fair Market Rent (FMR) for ZIP 01613 in fiscal year 2024 is set at $1620. This figure represents the maximum rent that can be charged to tenants using a Section 8 voucher. Without specific market rent data, it's challenging to compare the FMR directly to local rental rates. Nevertheless, understanding the FMR helps landlords determine their rental pricing strategy when participating in the Section 8 program.

The stability of ZIP 01613's data signature cannot be conclusively determined due to the absence of key indicators. Typically, a stable area would show consistent trends in population growth, rental rates, and income levels over time. Conversely, a transitional area might exhibit fluctuations in these metrics, possibly due to changes in the local economy or development projects. Given the incomplete data, it's advisable to conduct further research into recent economic activities and trends within the ZIP code to better assess its stability or transitional nature.

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.