Location: Eastern Worcester County, MA | Metro: Eastern Worcester County, MA 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 | $1,800 |
| 1 Bedroom | $1,980 |
| 2 Bedrooms | $2,590 |
| 3 Bedrooms | $3,550 |
| 4 Bedrooms | $3,870 |
| 5 Bedrooms | $4,489 |
| 6 Bedrooms | $5,028 |
| 7 Bedrooms | $5,430 |
| 8 Bedrooms | $5,702 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,980 | $232,472 | 0.85% | C |
| 2BR | $2,590 | $464,172 | 0.56% | F |
| 3BR | $3,550 | $533,421 | 0.67% | D |
| 4BR | $3,870 | $684,082 | 0.57% | F |
| 5BR | $4,489 | $716,387 | 0.63% | D |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 01757, Milford, Massachusetts, for fiscal year 2024 is set at $1980. This figure represents the maximum amount that a landlord can receive from the Housing Choice Voucher (Section 8) program for a unit in this area. It does not mean that tenants will pay this amount; it's the payment standard used by the program.
To put this into perspective, consider the local Zillow Observed Rent Index (ZORI), which stands at $2,422. This is the average rent for all properties in the area, not just those participating in the Section 8 program. The difference between the ZORI and the FMR indicates that landlords might receive less than the market rate when participating in Section 8.
However, there is a significant demand for rentals in this area, with 34.5% of residents being renters. This high percentage suggests a robust rental market, making it likely that you will have tenants interested in your property. Additionally, the median home value in the area is around $558,318, which gives an idea of the acquisition cost if you're looking to purchase a property specifically for Section 8 tenancy.
Before deciding to participate in the Section 8 program with a property in ZIP 01757, verify that your property meets the minimum housing quality standards known as Housing Quality Standards (HQS). These standards ensure that the property is safe, decent, and sanitary, which is a requirement for Section 8 participation. Ensuring compliance with these standards will help avoid delays and disputes.
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.