Section 8 Fair Market Rent (FMR) for ZIP 01903 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 01903, located within the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, serves as a strategic anchor for cash flow within a Section 8 portfolio. The Fair Market Rent (FMR) for ZIP 01903 in fiscal year 2024 is set at $2380. This figure provides landlords with a guaranteed minimum rental income per unit, ensuring steady cash flow. Given the lack of specific market data on median home values and other metrics, the FMR stands out as a reliable benchmark for investment decisions.

Landlords can leverage the FMR to ensure that their rental properties remain competitive while also providing a safety net against potential market downturns. The FMR acts as a floor for rental rates, protecting against significant drops in income due to vacancies or economic changes. For small-portfolio investors, this predictability is crucial, as it allows them to plan their finances around a stable income stream.

Although there is limited data on appreciation plays and diversification opportunities, the cash-flow anchor role of ZIP 01903 is well-supported by the FMR. This ZIP code offers a predictable environment where landlords can focus on maintaining units rather than constantly adjusting to market fluctuations. By anchoring a portion of their portfolio in ZIP 01903, investors can balance risk and reward, securing a dependable revenue source amidst the uncertainties of the broader real estate market.

Data Sources: FMR data from HUD (2027).

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.