Location: Boston-Cambridge-Quincy, MA | Metro: Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,250 |
| 1 Bedroom | $2,320 |
| 2 Bedrooms | $2,770 |
| 3 Bedrooms | $3,310 |
| 4 Bedrooms | $3,650 |
| 5 Bedrooms | $4,234 |
| 6 Bedrooms | $4,742 |
| 7 Bedrooms | $5,121 |
| 8 Bedrooms | $5,377 |
U.S. Census Bureau data (2024)
ZIP code 01965 is situated within the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 01965 in fiscal year 2024 is set at $2380. This figure is crucial for landlords and small-portfolio investors operating under the Section 8 program, as it directly influences the maximum allowable rental subsidy.
Comparatively, the FMR of $2380 places ZIP 01965 towards the lower end of the typical range observed within the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area. While specific market rent and home value data for ZIP 01965 are not available, we can infer that it likely represents a value pocket within the broader metro area. The typical FMR for the Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area tends to be higher, reflecting the generally expensive housing market characteristic of Boston.
The 2.1% renter share in ZIP 01965 is relatively low compared to many other ZIP codes within the same metro area. A lower renter share suggests a predominantly owner-occupied community, which might indicate that rental properties in this ZIP are less common and potentially more valuable to those seeking tenants willing to pay Section 8 rates. However, without direct comparison to the average renter share of the metro area, this inference remains speculative.
Given the limited data, we cannot definitively conclude that ZIP 01965 is a sweet spot for Section 8 investments based on a high renter share with below-average home values. But the combination of a lower FMR and a low renter share does suggest that it could offer opportunities for landlords who are willing to cater to a smaller pool of potential tenants while maintaining competitive pricing within the Section 8 framework.
To make a more informed decision, landlords should consider conducting further research into the local rental market dynamics and property values within ZIP 01965. Additionally, understanding the specific needs and preferences of potential Section 8 tenants in this area can help tailor investment strategies effectively.
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.