Location: Lowell, MA | Metro: Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,790 |
| 1 Bedroom | $2,880 |
| 2 Bedrooms | $3,440 |
| 3 Bedrooms | $4,100 |
| 4 Bedrooms | $4,520 |
| 5 Bedrooms | $5,243 |
| 6 Bedrooms | $5,872 |
| 7 Bedrooms | $6,342 |
| 8 Bedrooms | $6,659 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,440 | $775,127 | 0.44% | F |
| 3BR | $4,100 | $926,659 | 0.44% | F |
| 4BR | $4,520 | $1,202,404 | 0.38% | F |
| 5BR | $5,243 | $1,508,872 | 0.35% | F |
U.S. Census Bureau data (2024)
The ZIP code 01730, located in Bedford, MA, stands out within Middlesex County due to its relatively high median income of $172,400 and median home value of $1,029,898. With a population of 14,707, the area has a rental rate of 31.2%, which indicates a significant portion of the community opts for leasing over homeownership.
The economic landscape for Section 8 vouchers in ZIP 01730 is favorable for landlords. The Fair Market Rent (FMR) for the zip code for fiscal year 2024 is set at $3,220, whereas the market rent, as measured by ZORI (Zillow Observed Rent Index), is $2,912. This means that landlords accepting Section 8 vouchers can expect to receive rents slightly above the average market rate, providing an incentive for participation in the program.
To put these numbers into perspective, let's break down the costs:
This discrepancy between FMR and market rent suggests that landlords who accept Section 8 vouchers can potentially cover their costs more effectively and even see a modest profit margin, considering typical property management expenses and maintenance costs.
Based on the data, the ZIP 01730 appears to be in a stable condition. The high median income and home values indicate a strong local economy and a low risk of sudden changes in housing demand. The slight premium on FMR over market rent provides a steady financial advantage for landlords willing to participate in the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
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.