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 analysis of ZIP code 01653 within the Worcester, MA HUD Metro FMR area for fiscal year 2026 reveals critical insights for landlords and small-portfolio investors.
Firstly, regarding the rent math, the Fair Market Rent (FMR) stands at $1,990. However, due to the absence of specific market rent data, it's impossible to make a direct comparison. This gap in information means that potential rental income must be assessed against the $1,990 benchmark without additional context on typical local rents.
Secondly, the acquisition affordability question cannot be fully addressed due to missing data on median home values, days on market (DOM), and the percentage of homes that have undergone price cuts. These figures are essential for understanding the cost and time associated with property purchases and any necessary adjustments to asking prices.
Thirdly, the assessment of tenant demand is hampered by the lack of specific population and renter share percentages. Without these numbers, it's difficult to gauge how many people might be seeking rentals and whether they can afford the FMR.
Verdict: The analysis of ZIP 01653 is limited by incomplete data. While the FMR provides a clear benchmark at $1,990, decisions about rental profitability, acquisition costs, and tenant demand cannot be fully informed without additional specifics on market rents, median home values, DOM, price-cut shares, population size, and renter share. Landlords and investors should seek out detailed local real estate and demographic reports to make informed decisions.
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.