Location: Boston-Cambridge-Quincy, MA | Metro: Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,130 |
| 1 Bedroom | $2,230 |
| 2 Bedrooms | $2,650 |
| 3 Bedrooms | $3,180 |
| 4 Bedrooms | $3,510 |
| 5 Bedrooms | $4,072 |
| 6 Bedrooms | $4,561 |
| 7 Bedrooms | $4,926 |
| 8 Bedrooms | $5,172 |
U.S. Census Bureau data (2024)
ZIP code 01775, located in Stow, MA, is situated within the broader Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Comparing its specific metrics to the typical ZIP codes in this extensive metro area provides insight into its position as a real estate market.
The Fair Market Rent (FMR) for ZIP 01775 is set at $2,380 for fiscal year 2024. This figure is notably higher than the market rent of $1,782, suggesting that while government subsidies aim to cover higher rents, actual market conditions may offer some flexibility for landlords. The median home value in 01775 is $814,088, which aligns with the premium end of the housing market within the Boston metro area.
With a renter share of 14.6%, Stow stands out compared to the average within the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. Typically, this percentage indicates a smaller proportion of renters relative to homeowners. However, the combination of a relatively low market rent and a higher-than-average renter share makes 01775 an intriguing option for landlords interested in Section 8 properties. It suggests that while not a primary focus for renters, there is still a notable presence of rental units that could be attractive for subsidized housing programs.
To determine if 01775 represents a value pocket, mid-tier neighborhood, or a premium sub-market within its metro, consider the following:
Premium Sub-Market: The high median home value of $814,088 places 01775 firmly within the premium segment of the Boston metro area. This is indicative of a location that appeals to higher-income households seeking suburban living.
Moderate Market Rent: Despite the high home values, the market rent of $1,782 is lower than the FMR, indicating that while property values are elevated, rental costs are still accessible. This balance can make it appealing for both buyers and renters.
Renter Share: The 14.6% renter share is slightly above average for many suburban areas but below what is typically seen in urban centers. This suggests a stable mix of homeowners and renters, with potential for growth in the rental market due to the availability of affordable rentals relative to home purchase prices.
The divergence between the FMR and market rent, along with the moderate renter share, suggests that 01775 offers a balanced opportunity within the Boston metro real estate landscape. It is neither a value pocket nor a purely mid-tier neighborhood; instead, it represents a premium sub-market with room for rental investment, particularly in areas eligible for Section 8 assistance.
Data Sources: FMR data from HUD (2027). 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.