Location: Lawrence, MA | Metro: Lawrence, 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 | $1,710 |
| 1 Bedroom | $1,840 |
| 2 Bedrooms | $2,410 |
| 3 Bedrooms | $2,870 |
| 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 |
|---|---|---|---|---|
| 2BR | $2,410 | $422,354 | 0.57% | F |
| 3BR | $2,870 | $581,095 | 0.49% | F |
| 4BR | $3,170 | $726,405 | 0.44% | F |
| 5BR | $3,677 | $822,707 | 0.45% | F |
U.S. Census Bureau data (2024)
1860 is the Fair Market Rent (FMR) for ZIP 01835, Haverhill, MA, as set by HUD for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for a Section 8 voucher. In contrast, the market rent, known as ZORI, stands at 2528, indicating a significant gap between subsidized and market rates. The median home value in the area is 559104, reflecting the overall property values but does not directly impact rental investments. 24.6 percent of residents are renters, showing a moderate demand for rental properties. The median income of 113578 suggests that while many can afford market rents, there remains a substantial portion reliant on Section 8 assistance. Despite the lack of data on days on market (DOM) and the percentage of homes that have had their prices cut, these gaps highlight areas where further research could provide valuable insights. Given the disparity between the FMR and ZORI, landlords and small-portfolio investors can leverage Section 8 vouchers to fill vacancies while maintaining competitive market pricing for other units. The verdict on Section 8 in Haverhill, MA, is positive, offering a stable tenant base with minimal risk.
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.