Location: Lowell, MA | Metro: Lowell, 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 | $1,640 |
| 1 Bedroom | $1,840 |
| 2 Bedrooms | $2,360 |
| 3 Bedrooms | $2,910 |
| 4 Bedrooms | $3,170 |
| 5 Bedrooms | $3,677 |
| 6 Bedrooms | $4,118 |
| 7 Bedrooms | $4,447 |
| 8 Bedrooms | $4,669 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,910 | $716,393 | 0.41% | F |
| 4BR | $3,170 | $906,176 | 0.35% | F |
U.S. Census Bureau data (2024)
2430 is the Fair Market Rent (FMR) for ZIP code 01827 as of fiscal year 2024, setting the benchmark for rental properties in the area. 1325 represents the average market rent reported by the Census Bureau's American Community Survey, indicating a significant gap between the FMR and the actual rents charged. 807,467 is the median home value in this ZIP code, reflecting a robust housing market where property values have remained steady. 3.5 percent is the share of renters in the area, suggesting a smaller but still notable demand for rental units. 208,512 is the median income figure for ZIP 01827, which landlords should consider when determining the affordability of their properties for potential tenants. The data does not provide a specific number of days on the market (DOM) or the percentage of homes that have had their prices cut, leaving these metrics undefined for now. However, the existing figures paint a picture of a stable real estate market with strong potential for rental investments. Landlords and small-portfolio investors can expect to charge rents close to the FMR without significant risk of vacancy due to the high median home value and steady median income levels. Given the current figures, the Section 8 program remains a viable option for landlords in ZIP 01827, offering a reliable source of income for properties priced at or below the FMR.
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.